Steven M. Fazzari

Washington University in St. Louis

Professor

One Brookings Drive

St. Louis, MO 63130

United States

  • Washington University in St. Louis

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    • Tel: 314-935-5693
    • Fax: 314-935-4156
SCHOLARLY PAPERS

20

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10,937

SSRN CITATIONS
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Top 606

in Total Papers Citations

213

CROSSREF CITATIONS

1,332

Scholarly Papers (20)

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1.

Inequality, the Great Recession, and Slow Recovery

Downloads 4,106 ( 2,435)
Citation 30

Inequality, the Great Recession, and Slow Recovery

Number of pages: 41 Posted: 23 Jan 2013 Last Revised: 25 Oct 2014
Barry Z. Cynamon and Steven M. Fazzari
Better Future Forward and Washington University in St. Louis
Downloads 4,106 (2,402)
Citation 30

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consumption, saving, inequality, aggregate demand

Inequality, the Great Recession, and Slow Recovery

Institute for New Economic Thinking Working Paper Series No. 9
Posted: 12 Aug 2015
Barry Z. Cynamon and Steven M. Fazzari
Better Future Forward and Washington University in St. Louis

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Consumption, Saving, Inequality, Aggregate Demand

2.

Financing Constraints and Corporate Investment

Downloads 1,086 ( 21,303)
Citation 1,165

Financing Constraints and Corporate Investment

NBER Working Paper No. w2387
Number of pages: 61 Posted: 23 Apr 2004 Last Revised: 12 Jul 2010
Steven M. Fazzari, Bruce C. Petersen and R. Glenn Hubbard
Washington University in St. Louis, Washington University in St. Louis - Department of Economics and Columbia Business School - Finance and Economics
Downloads 1,086 (20,922)
Citation 111

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Financing Constraints and Corporate Investment

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Steven M. Fazzari, Glenn Hubbard, Bruce C. Petersen, Alan S. Blinder and James M. Poterba
Washington University in St. Louis, affiliation not provided to SSRN, Washington University in St. Louis - Department of Economics, Princeton University - Department of Economics and National Bureau of Economic Research (NBER)

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Capital investment, Tax policies, Investment policies, Financial markets, Market constraints, Debt financing, Earnings, Manufacturing industries, Financial constraints, Access to capital, Firm financing

3.

Financing Innovation and Growth: Cash Flow, External Equity and the 1990s R&D Boom

Journal of Finance, Vol. 64. No. 1, pp. 151-185, February 2009
Number of pages: 50 Posted: 03 Aug 2010
James R. Brown, Steven M. Fazzari and Bruce C. Petersen
Iowa State University - Department of Finance, Washington University in St. Louis and Washington University in St. Louis - Department of Economics
Downloads 1,023 (23,241)
Citation 43

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R&D, cash flow, equity finance, economic growth

4.

Household Debt in the Consumer Age: Source of Growth - Risk of Collapse

Capitalism and Society, Vol. 3, Issue 2, Article 3, 2008
Number of pages: 32 Posted: 07 Aug 2008 Last Revised: 15 Apr 2013
Barry Z. Cynamon and Steven M. Fazzari
Better Future Forward and Washington University in St. Louis
Downloads 754 (35,816)
Citation 5

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Consumption, Household Debt, Minsky Cycle

5.

State-Dependent Effects of Fiscal Policy

UNSW Business School Research Paper No. 2012-27C
Number of pages: 49 Posted: 30 Apr 2012 Last Revised: 19 Aug 2014
Steven M. Fazzari, James Morley and Irina Panovska
Washington University in St. Louis, University of Sydney - School of Economics and University of Texas at Dallas
Downloads 552 (54,017)
Citation 32

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Government Spending, Threshold Model, Vector Autoregression, Nonlinear Dynamics, Impulse-Response Comparison, Bayesian

6.

Household Income, Demand, and Saving: Deriving Macro Data with Micro Data Concepts

Downloads 457 ( 68,402)
Citation 9

Household Income, Demand, and Saving: Deriving Macro Data with Micro Data Concepts

Number of pages: 47 Posted: 05 Feb 2013 Last Revised: 21 Mar 2015
Barry Z. Cynamon and Steven M. Fazzari
Better Future Forward and Washington University in St. Louis
Downloads 426 (73,805)
Citation 17

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Aggregate Demand, Consumption, Saving, Household, National Income and Product Accounts

Household Income, Demand, and Saving: Deriving Macro Data with Micro Data Concepts

Institute for New Economic Thinking Working Paper Series No. 13
Number of pages: 53 Posted: 01 Aug 2015
Barry Z. Cynamon and Steven M. Fazzari
Better Future Forward and Washington University in St. Louis
Downloads 31 (516,142)
Citation 1

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7.

Minsky and the Mainstream: Has Recent Research Rediscovered Financial Keynesianism

The Jerome Levy Economics Institute Working Paper No. 278
Number of pages: 15 Posted: 01 Nov 1999
Steven M. Fazzari
Washington University in St. Louis
Downloads 371 (87,502)
Citation 6

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8.

Capital Gains Tax Cuts, Investment, and Growth

Levy Economics Institute Working Paper No. 147
Number of pages: 41 Posted: 23 Jul 1998
Steven M. Fazzari and Benjamin Herzon
Washington University in St. Louis and Macroeconomic Advisers, LLC
Downloads 331 (99,529)

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9.

That Elusive Elasticity: A Long-Panel Approach to Estimating the Capital-Labor Substitution Elasticity

Number of pages: 47 Posted: 06 Aug 2004
Robert S. Chirinko, Steven M. Fazzari and Andrew P. Meyer
University of Illinois at Chicago, Department of Finance, Washington University in St. Louis and Federal Reserve Bank of St. Louis, Research Division
Downloads 326 (101,269)
Citation 1

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10.

Investment, Financing Decisions, and Tax Policy

Number of pages: 6 Posted: 08 Jun 2004
Steven M. Fazzari, Bruce C. Petersen and R. Glenn Hubbard
Washington University in St. Louis, Washington University in St. Louis - Department of Economics and Columbia Business School - Finance and Economics
Downloads 262 (127,993)
Citation 22

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11.

Rising Inequality, Demand, and Growth in the US Economy

Number of pages: 17 Posted: 27 Feb 2015
Barry Z. Cynamon and Steven M. Fazzari
Better Future Forward and Washington University in St. Louis
Downloads 251 (133,723)
Citation 3

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Aggregate Demand, Consumption, Saving, Household, National Income and Product Accounts

12.

The Investment-Finance Link: Investment and U.S. Fiscal Policy in the 1990s

Levy Economics Institute Working Paper No. 98
Number of pages: 56 Posted: 04 Feb 1999
Steven M. Fazzari
Washington University in St. Louis
Downloads 251 (133,723)
Citation 3

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13.

When Is Discretionary Fiscal Policy Effective?

Number of pages: 56 Posted: 22 Feb 2017 Last Revised: 04 Mar 2020
Steven M. Fazzari, James Morley and Irina Panovska
Washington University in St. Louis, University of Sydney - School of Economics and University of Texas at Dallas
Downloads 246 (136,469)
Citation 1

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Government spending; austerity; nonlinear dynamics; Bayesian; sign restrictions; vector autoregression

14.

Aggregate Demand and Micro Behavior: A New Perspective on Keynesian Macroeconomics

Downloads 241 (139,237)

Aggregate Demand and Micro Behavior: A New Perspective on Keynesian Macroeconomics

Levy Economics Institute Working Paper No. 134
Number of pages: 40 Posted: 02 Sep 1998
Steven M. Fazzari, Piero Ferri and Edward Greenberg
Washington University in St. Louis, University of Bergamo - Dipartimento di Scienze Economiche and Washington University in St. Louis
Downloads 241 (138,716)

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Aggregate Demand and Micro Behavior: A New Perspective on Keynesian Macroeconomics

Journal of Post Keynesian Economics, Vol. 20, No. 4, Summer 1998
Posted: 26 Dec 2007
Steven M. Fazzari, Piero Ferri and Edward Greenberg
Washington University in St. Louis, University of Bergamo - Dipartimento di Scienze Economiche and Washington University in St. Louis

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15.

Financing Constraints and Corporate Investment: Response to Kaplan and Zingales

NBER Working Paper No. w5462
Number of pages: 39 Posted: 16 Jun 1998 Last Revised: 12 May 2000
Bruce C. Petersen, R. Glenn Hubbard and Steven M. Fazzari
Washington University in St. Louis - Department of Economics, Columbia Business School - Finance and Economics and Washington University in St. Louis
Downloads 235 (142,721)

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16.

Market Power and Inflation

Number of pages: 22 Posted: 08 Feb 2001
Robert S. Chirinko and Steven M. Fazzari
University of Illinois at Chicago, Department of Finance and Washington University in St. Louis
Downloads 137 (229,807)
Citation 1

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17.

Debt, Price Flexibility and Aggregate Stability

The Jerome Levy Economics Institute Working Paper No. 52
Number of pages: 28 Posted: 10 Nov 1999
John Caskey and Steven M. Fazzari
Swarthmore College - Economics Department and Washington University in St. Louis
Downloads 121 (252,863)
Citation 1

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18.

Demand-Led Growth and Accommodating Supply

Number of pages: 47 Posted: 01 Feb 2018 Last Revised: 18 Dec 2019
Steven M. Fazzari, Piero Ferri and Anna Maria Grazia Variato
Washington University in St. Louis, University of Bergamo - Dipartimento di Scienze Economiche and University of Bergamo
Downloads 101 (287,175)
Citation 10

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demand-led growth, autonomous demand, supermultiplier, aggregate demand and supply reconciliation, secular stagnation

19.

How the Great Moderation Became a (Contained) Depression and What to Do about It

Trinity College Department of Economics Working Paper 13-03
Number of pages: 13 Posted: 20 Feb 2013
Barry Z. Cynamon, Steven M. Fazzari and Mark Setterfield
Better Future Forward, Washington University in St. Louis and New School for Social Research
Downloads 44 (445,161)
Citation 1

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Great Recession, Great Moderation, economic recovery, Keynesian macroeconomics

20.

Was Keynesian Economics Ever Dead? If So, Has It Been Resurrected?

Number of pages: 17 Posted: 09 Jan 2020
Steven M. Fazzari
Washington University in St. Louis
Downloads 42 (453,290)

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Keynesian macroeconomics, monetary policy, aggregate demand