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

23

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Top 6,306

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14,037

TOTAL CITATIONS
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Top 770

in Total Papers Citations

637

Scholarly Papers (23)

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1.

Inequality, the Great Recession, and Slow Recovery

Downloads 4,384 ( 4,864)
Citation 70

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
Washington University in St. Louis and Washington University in St. Louis
Downloads 4,310 (4,940)
Citation 47

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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
Number of pages: 41 Posted: 12 Aug 2015 Last Revised: 22 Feb 2022
Barry Z. Cynamon and Steven M. Fazzari
Washington University in St. Louis and Washington University in St. Louis
Downloads 74 (678,671)
Citation 23

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Consumption, Saving, Inequality, Aggregate Demand

2.

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 1,486 (27,274)
Citation 61

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

3.

Financing Constraints and Corporate Investment

Downloads 1,297 (33,297)
Citation 347

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 University - Columbia Business School, Finance
Downloads 1,297 (32,717)
Citation 347

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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, James M. Poterba 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)Massachusetts Institute of Technology (MIT) - Department of Economics

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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

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
Washington University in St. Louis and Washington University in St. Louis
Downloads 983 (49,646)
Citation 11

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Consumption, Household Debt, Minsky Cycle

5.

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 University - Columbia Business School, Finance
Downloads 663 (84,370)
Citation 54

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6.

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 655 (85,204)
Citation 36

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

7.

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

Downloads 581 (99,293)
Citation 18

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
Washington University in St. Louis and Washington University in St. Louis
Downloads 513 (114,523)
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
Washington University in St. Louis and Washington University in St. Louis
Downloads 68 (711,125)
Citation 1

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8.

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 511 (116,497)
Citation 6

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9.

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 439 (139,766)
Citation 1

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

10.

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, Robert S. Chirinko, Steven M. Fazzari and Andrew P. Meyer
CESifo (Center for Economic Studies and Ifo Institute)University of Illinois at Chicago, Department of Finance, Washington University in St. Louis and Federal Reserve Bank of St. Louis, Research Division
Downloads 383 (163,351)
Citation 1

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11.

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 371 (169,159)

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12.

Rising Inequality, Demand, and Growth in the US Economy

Number of pages: 17 Posted: 27 Feb 2015
Barry Z. Cynamon and Steven M. Fazzari
Washington University in St. Louis and Washington University in St. Louis
Downloads 329 (192,874)
Citation 3

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

13.

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: 05 Dec 2022
Bruce C. Petersen, R. Glenn Hubbard and Steven M. Fazzari
Washington University in St. Louis - Department of Economics, Columbia University - Columbia Business School, Finance and Washington University in St. Louis
Downloads 322 (197,254)

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14.

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 305 (209,155)
Citation 7

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15.

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

Downloads 279 (229,521)

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 279 (227,925)

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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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16.

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 226 (282,995)
Citation 11

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

17.

US Employment Inequality in the Great Recession and the COVID-19 Pandemic

Institute for New Economic Thinking Working Paper Series No. 154
https://doi.org/10.36687/inetwp154
Number of pages: 19 Posted: 10 May 2021
Steven M. Fazzari and Ella Needler
Washington University in St. Louis and affiliation not provided to SSRN
Downloads 216 (295,486)
Citation 1

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Employment, Unemployment, Inequality, Great Recession, COVID-19

18.

Market Power and Inflation

Number of pages: 22 Posted: 08 Feb 2001
Robert S. Chirinko, Robert S. Chirinko and Steven M. Fazzari
CESifo (Center for Economic Studies and Ifo Institute)University of Illinois at Chicago, Department of Finance and Washington University in St. Louis
Downloads 165 (377,568)
Citation 4

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19.

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 154 (400,460)
Citation 1

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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 112 (514,072)
Citation 3

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Keynesian macroeconomics, monetary policy, aggregate demand

21.

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
Washington University in St. Louis, Washington University in St. Louis and New School for Social Research
Downloads 78 (649,299)
Citation 2

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Great Recession, Great Moderation, economic recovery, Keynesian macroeconomics

22.

How Large are Hysteresis Effects? Estimates from a Keynesian Growth Model

Number of pages: 45 Posted: 25 Jul 2023
Steven M. Fazzari and Alejandro González
Washington University in St. Louis and Washington University in St-Louis
Downloads 57 (763,514)

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Hysteresis, Demand-Led Growth, Supermultiplier, E32, E12, O41

23.

Sustainable Consumption and the Comprehensive Economic Well-Being of American Households

FRB of Boston Working Paper No. 23-5
Number of pages: 51 Posted: 08 Aug 2023
Daniel Cooper, Barry Z. Cynamon and Steven M. Fazzari
Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of St. Louis and Washington University in St. Louis
Downloads 41 (882,756)

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household spending, sustainable consumption, economic well-being