Using the ?Keynes+Schumpeter? (K+S) agent-based model developed in Dosi et al. (2010, 2012) we study how the interplay between firms? investment behavior and income distribution shapes the short?and long-run dynamics of the economy at the aggregate level. We study the dynamics of investment...

The Great Recession seems to be a natural experiment for macroeconomics showing the inadequacy of the predominant theoretical framework?the New Neoclassical Synthesis?grounded on the DSGE model. In this paper, we present a critical discussion of the theoretical, empirical and political-economy...

This paper explores the statistical properties of household consumption-expenditure budget shares distributions (HBSDs) defined as the share of household total expenditure spent for purchasing a specific category of commodities for a large sample of Italian households in the period 1989-2004. We...

This paper explores the statistical properties of household consumption-expenditure budget shares distributions (HBSDs) – defined as the share of household total expenditure spent for purchasing a specific category of commodities – for a large sample of Italian households in the...

This paper explores the statistical properties of household consumption-expenditure budgetshares distributions (HBSDs) —defined as the share of household total expenditurespent for purchasing a specific category of commodities— for a large sample of Italianhouseholds in the period 1989-2004....