Pubblicazioni

ASN Top Journals [Fascia A]

• De Lipsis, V., Deleidi, M., Mazzucato, M., & Agnolucci, P. (2026). Macroeconomic Effects of Public R&D. The Economic Journal, ueag061, https://doi.org/10.1093/ej/ueag061
• Barbieri Góes, M.C., Deleidi, M. & Lagravinese, R. (2026). Productivity puzzle in European Regions: A Kaldor-Verdoorn approach. Cambridge Journal of Economics, beag007, https://doi.org/10.1093/cje/beag007
• Ciaffi, G., Deleidi, M., & Dorato, L. (2025). Industrial Policy: Theoretical Paradigms, Tools, and Strategic Directions. Review of Keynesian Economics, 13(4), 464-493. https://doi.org/10.4337/roke.2025.04.01
• Barbieri Góes, M.C., Ciaffi, G., Deleidi, M. & Lofaro, A. (2025). Turning the Tide: How Public R&D Investment Shapes European Regional Development. Cambridge Journal of Regions, Economy and Society, rsaf018,https://doi.org/10.1093/cjres/rsaf018
• Ciaffi, G., Deleidi, M., & Mazzucato, M. (2024). Measuring the macroeconomic responses to public investment in innovation: Evidence from OECD Countries. Industrial and Corporate Change, 33(2), 363-383, https://doi.org/10.1093/icc/dtae005
• Ciaffi, G., Deleidi, M., & Di Domenico, L. (2024). Fiscal policy and public debt: Government investment is most effective to promote sustainability. Journal of Policy Modeling, https://doi.org/10.1016/j.jpolmod.2024.07.002
• Ciaffi, G., Deleidi, M., & Di Bucchianico, S. (2024). Stagnation despite ongoing innovation: Is R&D expenditure composition a missing link? An empirical analysis for the US (1948-2019). Technological Forecasting and Social Change, 206, 123575 https://doi.org/10.1016/j.techfore.2024.123575
• Barbieri Góes, M.C., Deleidi, M., Di Bucchianico, S. & Salvati, L. (2024). An empirical analysis of the impact of financialisation on the rate of profit for the US (1955-2019). British Journal of Industrial Relations, https://doi.org/10.1111/bjir.12858
• Deleidi, M., Romaniello, D., Salvati, L., & Tosi, F. (2025). Wage and fiscal policy re-examined. An assessment of employment and productivity using Italian regional data. International Journal of Manpower, https://doi.org/10.1108/IJM-12-2023-0747
• Ciaffi, G., Deleidi, M., & Capriati, M. (2024). Government spending, multipliers, and public debt sustainability: An empirical assessment for OECD countries. Economia Politica – Journal of Analytical and Institutional Economics,https://doi.org/10.1007/s40888-024-00335-0
• Deleidi, M., Iafrate, F., & Levrero, E. S. (2023). Government investment fiscal multipliers: evidence from euro area countries. Macroeconomic Dynamics, 27(2), 331-349, https://doi.org/10.1017/S1365100521000419
• Deleidi, M., Fontanari, C., & Gahn, S.J. (2023). Autonomous Demand and Technical Change: Exploring the Kaldor-Verdoorn Law on a Global Level. Economia Politica – Journal of Analytical and Institutional Economics, 40, 57-80,https://doi.org/10.1007/s40888-023-00294-y
• Barbieri Góes, M.C., & Deleidi, M. (2022). Autonomous Demand and Output Determination: an Empirical Investigation for the US Economy. Economic Modelling, https://doi.org/10.1016/j.econmod.2022.106004
• Cucciniello, MC., Deleidi, M., & Levrero, E. S. (2022). The cost channel of monetary policy: the case of the United States in the period 1959-2018. Structural Change and Economic Dynamics, 61, 409-433, https://doi.org/10.1016/j.strueco.2022.02.019
• Deleidi, M. (2022). Quantifying multipliers in Italy: Does fiscal policy composition matter?. Oxford Economic Papers, 74(2), 359-381, https://doi.org/10.1093/oep/gpab028
• Deleidi, M., & Mazzucato, M. (2021). Directed innovation policies and the supermultiplier: An empirical assessment of mission-oriented policies in the US economy. Research Policy, 50(2), 104151, https://doi.org/10.1016/j.respol.2020.104151
• Deleidi, M., Romaniello, D., & Tosi, F. (2021). Quantifying fiscal multipliers in Italy: A Panel SVAR analysis using regional data. Papers in Regional Science, https://doi.org/10.1111/pirs.12620
• Deleidi, M., Paternesi Meloni, W., Salvati, L. & Tosi, F. (2021). Output, investment, and productivity: The Italian North-South regional divide from a Kaldor-Verdoorn approach. Regional Studies, 55(8), 1376-1387,https://doi.org/10.1080/00343404.2021.1896694
• Deleidi, M., Gahn, J.S., Pariboni, R. (2021). Activity levels and the flexibility of the degree of capacity utilisation in the US. Review of Political Economy, https://doi.org/10.1080/09538259.2021.2018254
• Deleidi, M., & Levrero, E. S. (2021). Monetary policy and long-term interest rates: evidence from the US economy. Metroeconomica, 72(1), 121-147, https://doi.org/10.1111/meca.12313
• Carnevali, E., Deleidi, M., Pariboni, R., & Veronese Passarella, M. (2023). Economy-Finance-Environment-Society Interconnections in a Stock-Flow Consistent Dynamic Model. Review of Political Economy, https://doi.org/10.1080/09538259.2023.2217776
• Carnevali, E., Deleidi, M., Pariboni, R., & Veronese Passarella, M. (2021). Cross-Border Financial Flows and Global Warming in a Two-Area Ecological SFC Model. Socio-Economic Planning Sciences, 75(1), 100819,https://doi.org/10.1016/j.seps.2020.100819
• Deleidi, M., Mazzucato, M., & Semieniuk, G. (2020). Neither crowding in nor out: Public direct investment mobilising private investment into renewable electricity projects. Energy Policy, 140, 111195,https://doi.org/10.1016/j.enpol.2019.111195
• Deleidi, M., & Levrero, E. S. (2020). The price puzzle and the hysteresis hypothesis: SVEC analysis for the US economy. Review of Political Economy, 32(1), 22-29, https://doi.org/10.1080/09538259.2020.1759244
• Antenucci, F., Deleidi, M., & Paternesi Meloni, W. (2020). Kaldor 3.0: an empirical investigation of the Verdoorn-augmented technical progress function. Review of Political Economy, 32(1), 49-76, https://doi.org/10.1080/09538259.2020.1744936
• Deleidi, M., Iafrate, F., & Levrero, E. S. (2020). Public Investment Fiscal Multipliers: An Empirical Assessment for European Countries. Structural Change and Economic Dynamics, 52(12), 354-365, https://doi.org/10.1016/j.strueco.2019.12.004
• Deleidi, M., Paternesi Meloni, W., & Stirati, A. (2020). Tertiarisation, productivity and aggregate demand: evidence-based policies for European countries. Journal of Evolutionary Economics, 30, 1429–1465, https://doi.org/10.1007/s00191-019-00647-6
• Deleidi, M., & Mazzucato, M. (2019). Putting austerity to bed: technical progress, aggregate demand and the supermultiplier, Review of Political Economy, 31(3), 315-335, https://doi.org/10.1080/09538259.2019.1687146
• Deleidi, M. (2019). Post-Keynesian endogenous money theory: Horizontalists, Structuralists, and the paradox of illiquidity. Metroeconomica, 71(1), 156-175, https://doi.org/10.1111/meca.12271
• Deleidi, M., & Fontana, G. (2019). Money Creation in the Eurozone: An Empirical Assessment of the Endogenous and the Exogenous Money Theories. Review of Political Economy, 31(4), 559-581, https://doi.org/10.1080/09538259.2020.1737390
• Deleidi, M., & Levrero, E. S. (2019). The money creation process: A theoretical and empirical analysis for the United States. Metroeconomica, 70(4), 552-586, https://doi.org/10.1111/meca.12238
• Deleidi, M. (2018). Post Keynesian endogenous money theory: A theoretical and empirical investigation of the credit demand schedule. Journal of Post Keynesian Economics, 41(2), 185-209. https://doi.org/10.1080/01603477.2017.1338967
• Ambrosino, A., Bellino, E., Cedrini, M., Deleidi, M., & Gahn, S. J. (2025). Introduction to the Special Issue on the 20th STOREP Conference: Rethinking Economic Policies: The Role of the State in the Post-Covid-19. Review of Political Economy, 37(2), 331–333. https://doi.org/10.1080/09538259.2025.2460341

Other Papers, PhD Thesis, Book Chapters, and Entries

• Deleidi, M., Garbellini, N., & Oro, G. (2024). Back to Maastricht: Public Debt Sustainability and the Fiscal Multipliers. International Journal of Political Economy, 53(3), 262–271. https://doi.org/10.1080/08911916.2024.2391198
• Canelli, R., Deleidi, M., & Veronese Passarella, M. (2023). Introduction to the Special Issue on Stock-Flow Consistent Models. Bulletin of Political Economy, 17(1), 1-4. Available at: https://serialsjournals.com/abstract/68677_1-introduction.pdf
• Deleidi, M., Romaniello, D., Salvati, L., & Tosi, F. (2023). Spesa pubblica e salari più alti per ridurre il dualismo territoriale in Italia. Economia e Politica. ISSN 2281-5260. Available at: https://www.economiaepolitica.it/politiche-economiche/spesa-pubblica-e-salari-piu-alti-per-ridurre-il-dualismo-territoriale-in-italia/
• Deleidi, M., Romaniello, D., & Salvati, L. (2023). La posizione dei lavoratori nella contrattazione salariale. InRapporto ASTRIL 2022. Mercato del lavoro, contrattazione e salari in Italia: 1990-2021. Roma Tre Press. Available at: https://romatrepress.uniroma3.it/wp-content/uploads/2023/09/astril-1990-2022.pdf
• Ciaffi, G., Deleidi, M., & Di Domenico, L. (2023). Spesa pubblica, moltiplicatori fiscali e sostenibilità del debito pubblico. Economia e Politica. ISSN 2281-5260. Available at: https://www.economiaepolitica.it/politiche-economiche/spesa-pubblica-moltiplicatori-fiscali-e-sostenibilita-del-debito-pubblico/
• Ciaffi, G., Deleidi, M., & Levrero, E. S. (2023). The Macroeconomic Impact of Public Spending in Research and Development: An Initial Exploration for G7 and 15 OECD Countries. Bulletin of Political Economy, 16(1): 1-19. Available at: https://serialsjournals.com/abstract/54756_1-manuscript_30_12gc_md.pdf
• Ciaffi, G., Deleidi, M., & Levrero, E. S. (2023). L’impatto macroeconomico della spesa pubblica in ricerca e sviluppo. Economia e Politica. ISSN 2281-5260. Available at: https://www.economiaepolitica.it/indagini/limpatto-macroeconomico-della-spesa-pubblica-in-ricerca-e-sviluppo/
• Deleidi, M. (2023). Horizontalism. In Rochon, L. P., & Rossi, S. (Eds.). Elgar Encyclopedia of Post-Keynesian Economics. pp. 212-213, Edward Elgar Publishing Limited. Available at: https://doi.org/10.4337/9781788973939.horizontalism
• Deleidi, M. (2023). Interest rates and investment. In Rochon, L. P., & Rossi, S. (Eds.). Elgar Encyclopedia of Post-Keynesian Economics. 240-241, Edward Elgar Publishing Limited. Available at: https://doi.org/10.4337/9781788973939.interest.rates.investment
• Carnevali, E., & Deleidi, M. (2021). The Trade-off between Inflation and Unemployment in a ‘MMT world’: an open economy perspective. European Journal of Economics and Economic Policies: Intervention, https://doi.org/10.4337/ejeep.2022.0080
• Deleidi, M. (2019). Endogenous money theory: horizontalist, structuralist and the credit market. Bulletin of Political Economy, 13(1), 21-53. Available at: https://serialsjournals.com/abstract/25008_2-matteo_deleidi.pdf
• Deleidi, M., & Paternesi Meloni, W. (2019). Produttività e domanda aggregata: una verifica della legge di Kaldor-Verdoorn per l’economia italiana. Economia & Lavoro, (2/2019). Available at: https://doi.org/10.7384/94917;https://www.medra.org/servlet/MREngine?hdl=10.7384/94917#
• Ciaffi, G., Deleidi, M., & Levrero, E. S. (2019). I costi economici e sociali del Fiscal Compact. Economia e Politica. ISSN 2281-5260. Available at: https://www.economiaepolitica.it/2019-anno-11-n-17-sem-1/i-costi-economici-e-sociali-del-fiscal-compact/
• Capriati, M., Deleidi, M., & Viesti, G. (2022). Che impatto macroeconomico può avere il PNRR nel Mezzogiorno? Menabò di Etica ed Economia, n.174/2022. Available at: https://www.eticaeconomia.it/che-impatto-macroeconomico-puo-avere-il-pnrr-nel-mezzogiorno/
• Ciaffi, G., Deleidi, M., & Levrero, E. S. (2019). Una stima degli effetti macroeconomici del Fiscal Compact. Economia e Politica. ISSN 2281-5260. Available at: https://www.economiaepolitica.it/2019-anno-11-n-17-sem-1/fiscal-compact/
• Carnevali, E., Deleidi, M., Pariboni, R., & Veronese Passarella, M. (2019). Stock-Flow Consistent Dynamic Models: Features, Limitations and Developments. In Arestis, P., & Sawyer, M. (Eds). Frontiers of Heterodox Macroeconomics, International Papers in Political Economy, New York: Palgrave Macmillan, ISBN: 978-3-030-23928-2, https://doi.org/10.1007/978-3-030-23929-9_6
• Deleidi, M. (2016). Post-Keynesian Endogenous money theory: theoretical issues and empirical evidence in the Eurozone (in Italian). PhD dissertation, Roma Tre University. Available at: https://arcadia.sba.uniroma3.it/handle/2307/5910

Policy Brief, Report & Media Coverage

• Deleidi et al. (2024). Le Nouveau Front Populaire: Une Rupture Réaliste. Institut Rousseau. Available at: https://institut-rousseau.fr/le-nouveau-front-populaire-une-rupture-realiste/
• Deleidi, M., Lofaro A., & Levrero, E. S. (2023). Monetary Policy, Income Distribution, and the Cost Channel of Monetary Policy: Evidence from Japan, the UK, and the US. Medium, Monetary Policy Institute Blog, #109.Available at: https://medium.com/@monetarypolicyinstitute/monetary-policy-income-distribution-and-the-cost-channel-of-monetary-policy-evidence-from-japan-46f8897ee0f1
• Deleidi, M., De Lipsis, V., Mazzucato, M. Collins, RJ., & Agnolucci, P. (2019). More than just a multiplier: quantifying the macroeconomic impact of government innovation policy. Medium, UCL IIPP Blog. Available at: https://medium.com/iipp-blog/more-than-just-a-multiplier-quantifying-the-macroeconomic-impact-of-government-innovation-policy-3473648f9807
• Cerra, R., Crespi, F., Deleidi, M., Fanti, L., Guarascio, D., Iafrate, F., and Musso, C. (2019). Il ruolo dell’innovazione e dell’alta tecnologia in Italia nel confronto con il contesto internazionale. Centro Economia Digitale, Comitato Leonardo, Report October 2019. Available at: https://www.centroeconomiadigitale.com/wp-content/uploads/2020/06/CED-REPORT-ALTA-TECNOLOGIA.pdf, Report cited by Sole24: https://www.ilsole24ore.com/art/ricerca-e-innovazione-far-crescere-paese-l-italia-spende-ancora-poco-ACdyZ11?refresh_ce=1
• Deleidi, M., De Lipsis, V., Mazzucato, M. Collins, RJ., & Agnolucci, P. (2019). The macroeconomic impact of government innovation policies: A quantitative assessment. Innovate UK and IIPP policy report, WP 2019-06. Available at: https://www.ucl.ac.uk/bartlett/public-purpose/sites/public-purpose/files/macroeconomic_impact_innovateuk_iipp_report_final_web.pdf
• Ciaffi, G., Deleidi, M., & Levrero, E. S. (2019). Fiscal Compact, quali sono gli effetti macroeconomici. Il Fatto Quotidiano. Available at: https://www.ilfattoquotidiano.it/2019/05/30/fiscal-compact-quali-sono-gli-effetti-macroeconomici/5206983/
• Deleidi, M., & Mazzucato, M. (2017). Response to the Treasury Select Committee inquiry: The effectiveness and impact of post-2008 UK monetary policy. Available at: http://data.parliament.uk/writtenevidence/committeeevidence.svc/evidencedocument/treasury-%20committee/effectiveness-and-impact-of-post2008-uk-monetary-policy/written/48241.html
• DOLFINS consortium’s contribution to the questionnaire by the “High Level Expert Group on Sustainable Finance interim report”

Working papers

• Deleidi, M., Levrero, E. S. & Lofaro, A. (2026). Income Distribution and the Cost Channel of Monetary Policy: Evidence from Japan, the UK, and the US, FMM Working Paper Nr. 124, 55 Seiten. Available at: https://www.imk-boeckler.de/de/faust-detail.htm?sync_id=HBS-009364
• Ciaffi, G., Deleidi, M. & Mazzucato, M. (2025). Directed innovation policies and the supermultiplier: New Evidence.Available at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5898422; FMM Working Paper Nr. 122, 44 Seitenhttps://www.imk-boeckler.de/de/faust-detail.htm?sync_id=HBS-009305
• Ciaffi, G., Deleidi, M. & Lofaro, A. (2025). R&D Government Spending and Regional Structural Dynamics: Sectoral Heterogeneity in Europe. Available at: https://www.deps.unisi.it/sites/st02/files/allegatiparagrafo/06-11-2025/934.pdf
• Ciaffi, G. & Deleidi, M. (2023). Generic and public R&D fiscal policies: An empirical assessment for OECD Countries. Available at: https://www.boeckler.de/pdf/v_2021_29_10_ciaffi.pdf
• Deleidi, M., De Lipsis, V., Mazzucato, M., & Agnolucci, P. (2023). Macroeconomic Effects of Public R&D. Available at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4301178; and https://www.ucl.ac.uk/bartlett/public-purpose/sites/bartlett_public_purpose/files/de_lipsis_v._deleidi_m._mazzucato_m._and_agnolucci_p._2023_macroeconomic_effects_of_public_rd.pdf
• Ciaffi, G., Deleidi, M. & Levrero, E.S. (2023). The macroeconomic effects of public expenditure in research and development. CIMR Research Working Paper Series, Working Paper No. 64, ISSN 2052-062X. Available at: http://www7.bbk.ac.uk/cimr/wp-content/uploads/2023/03/Macroeffects-of-public-expenditureCIMRWP64.pdf
• Ciaffi, G., Deleidi, M., & Di Bucchianico, S. (2022). Stagnation despite ongoing innovation: Is R&D expenditure composition a missing link? An empirical analysis for the US (1948-2019). Quaderni del Dipartimento di Economia Politica e Statistica. Working Paper No. 877. Department of Economics, University of Siena. Available at: http://repec.deps.unisi.it/quaderni/877.pdf
• Deleidi, M., Fontanari, C., & Gahn, S.J. (2022). Autonomous Demand and Technical Change: Exploring the Kaldor-Verdoorn Law on a Global Level. Post-Keynesian Economics Society, Working Paper No. 2212. Available at: http://www.postkeynesian.net/working-papers/2212/
• Deleidi, M., Romaniello, D., & Tosi, F. (2021). Fiscal Multipliers in Italy: Evidence from Regional Data. Vita e Pensiero, Quaderno n. 149, ISBN 978-88-343-4500-9. Available at: https://publires.unicatt.it/en/publications/fiscal-multipliers-in-italy-evidence-from-regional-data
• Carnevali, E., Deleidi, M., Pariboni, R., & Veronese Passarella, M. (2019). Supermultiplier, innovation and the ecosystem: A stock-flow dynamic model. IIPP WP 2019-01. Available at: https://www.ucl.ac.uk/bartlett/public-purpose/sites/public-purpose/files/iipp-wp-2019-01_supermultiplier.pdf
• Carnevali, E., & Deleidi, M. (2020) The Trade-off between Inflation and Unemployment in a ‘MMT world’: an open economy perspective. Levy Economics Institute, Working Paper No. 973, Available at: http://www.levyinstitute.org/publications/the-trade-off-between-inflation-and-unemployment-in-an-mmt-world-an-open-economy-perspective
• Deleidi, M., Iafrate, F., & Levrero, E. S. (2019). Public Investment Fiscal Multipliers: An Empirical Assessment for European Countries. IIPP WP 2019-08. Available at: https://www.ucl.ac.uk/bartlett/sites/bartlett/files/final_working_paper_deleidi_iafrate_levrero_19_aug.pdf
• Deleidi, M., Paternesi Meloni, W., & Stirati, A. (2018). Structural change, labour productivity and the Kaldor-Verdoorn law: evidence from European countries. Working Paper n° 239, ISSN 2279-6916, Available at: https://economia.uniroma3.it/wp-content/uploads/sites/5/file_locked/2019/10/WP-2391.pdf
• Deleidi, M., Paternesi Meloni, W. (2014). Italian economic trends and labour market reforms: a 50-years overview. ASTRIL WP n.12/2014, ISSN 2280–6229 Working Papers online. Available at: http://host.uniroma3.it/associazioni/astril/db/d9e869a3-d697-4878-b6f0-f940c2277047.pdf