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  1. Working Paper

    Working Paper Series

    Unemployment and Income Distribution: Some Extensions of Shaikh’s Analysis

    By Walter Paternesi Meloni and Antonella Stirati

    Sep 2020

    Our findings confirm the existence of a negative relationship between labor market slack and the wage share, and we find no tendency to return to a ‘normal’ unemployment rate associated with a stable wage share.

  2. Working Paper

    Working Paper Series

    Demand-determined potential output: a revision and update of Okun’s original method

    By Claudia Fontanari, Antonella Palumbo, and Chiara Salvatori

    May 2019

    Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why