Scholars

Research Associate Steven Fazzari is a professor of economics at Washington University in St. Louis. His research focuses on the link between macroeconomic activity and finance, particularly the financial determinants of investment spending, and on the foundations of Keynesian macroeconomics. Fazzari’s work has been published in the Journal of Post Keynesian Economics, Brookings Papers on Economic Activity, the Review of Economics and Statistics, and the Journal of Public Economics, and he is a member of the editorial board of the Eastern Economics Journal and Review of Keynesian Economics. His most recent publications include:

• Editor (with B. Cynamon and M. Setterfield), After the Great Recession:  The Struggle for Economic Recovery and Growth, 2013;
• “Aggregate Demand, Instability, and Growth” (with P. Ferri, E. Greenberg, and A. M. Variato), Review of Keynesian Economics, January 2013;
• “That Elusive Elasticity:  A Long-Panel Approach to Estimating the Price Sensitivity of Business Capital”  (with R. Chirinko and A. Meyer), Journal of Business and Economic Statistics, 2011;
• “Investment and the Taylor Rule in a Dynamic Keynesian Model” (with P. Ferri and E. Greenberg), Journal of Economic Dynamics and Control, October 2010; and
• ““Financing Innovation and Growth: Cash Flow, External Equity, and the 1990s R&D Boom” (with J. R. Brown and B. C. Petersen), The Journal of Finance, February 2009.

Fazzari received a B.S. with distinction in mathematical sciences and a Ph.D. in economics from Stanford University.