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Causes and consequences of hysteresis: aggregate demand, productivity, and employment

Citations

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Cited by:

  1. Cafferata, Alessia & Dávila-Fernández, Marwil J. & Sordi, Serena, 2021. "Seeing what can(not) be seen: Confirmation bias, employment dynamics and climate change," Journal of Economic Behavior & Organization, Elsevier, vol. 189(C), pages 567-586.
  2. Fontanari, Claudia & Palumbo, Antonella & Salvatori, Chiara, 2020. "Potential Output in Theory and Practice: A Revision and Update of Okun's Original Method," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 247-266.
  3. Eugenio Caverzasi & Alberto Russo, 2018. "Toward a new microfounded macroeconomics in the wake of the crisis," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(6), pages 999-1014.
  4. Dosi, Giovanni & Lamperti, Francesco & Mazzucato, Mariana & Napoletano, Mauro & Roventini, Andrea, 2023. "Mission-oriented policies and the “Entrepreneurial State” at work: An agent-based exploration," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
  5. Matteo Deleidi & Walter Paternesi Meloni & Antonella Stirati, 2020. "Tertiarization, productivity and aggregate demand: evidence-based policies for European countries," Journal of Evolutionary Economics, Springer, vol. 30(5), pages 1429-1465, November.
  6. Fierro, Luca Eduardo & Caiani, Alessandro & Russo, Alberto, 2022. "Automation, Job Polarisation, and Structural Change," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 499-535.
  7. Giovanni DOSI & Maria Enrica VIRGILLITO, 2019. "Whither the evolution of the contemporary social fabric? New technologies and old socio‐economic trends," International Labour Review, International Labour Organization, vol. 158(4), pages 593-625, December.
  8. Alberto Botta & Ben Tippet, 2020. "Secular stagnation and core-periphery uneven development in post-crisis eurozone," Working Papers PKWP2002, Post Keynesian Economics Society (PKES).
  9. repec:spo:wpmain:info:hdl:2441/401t6job098n79ch91o9giov9d is not listed on IDEAS
  10. Giovanni Dosi & Marcelo C. Pereira & Andrea Roventini & Maria Enrica Virgillito, 2024. "The political economy of complex evolving systems: the case of declining unionization and rising inequalities," LEM Papers Series 2024/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  11. Lamperti, Francesco & Bosetti, Valentina & Roventini, Andrea & Tavoni, Massimo & Treibich, Tania, 2021. "Three green financial policies to address climate risks," Journal of Financial Stability, Elsevier, vol. 54(C).
  12. Abdoulaye Millogo, 2020. "Hysteresis effects and financial frictions," Cahiers de recherche 20-14, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
  13. Lamperti, F. & Dosi, G. & Napoletano, M. & Roventini, A. & Sapio, A., 2018. "Faraway, So Close: Coupled Climate and Economic Dynamics in an Agent-based Integrated Assessment Model," Ecological Economics, Elsevier, vol. 150(C), pages 315-339.
  14. Giovanni Dosi & Federico Riccio & Maria Enrica Virgillito, 2022. "Specialize or diversify? And in What? Trade composition, quality of specialization, and persistent growth [Catching up, forging ahead, and falling behind]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(2), pages 301-337.
  15. repec:spo:wpmain:info:hdl:2441/3s3jn8tt5h9mab7fo128gecbhj is not listed on IDEAS
  16. Lamperti, Francesco & Roventini, Andrea & Sani, Amir, 2018. "Agent-based model calibration using machine learning surrogates," Journal of Economic Dynamics and Control, Elsevier, vol. 90(C), pages 366-389.
  17. Ravaioli, Giacomo & Lamperti, Francesco & Roventini, Andrea & Domingos, Tiago, 2025. "Tackling emissions and inequality: policy insights from an agent-based model," Journal of Economic Behavior & Organization, Elsevier, vol. 237(C).
  18. Dosi, G. & Pereira, M.C. & Roventini, A. & Virgillito, M.E., 2019. "What if supply-side policies are not enough? The perverse interaction of flexibility and austerity," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 360-388.
  19. Giovanni Dosi & Richard B Freeman & Marcelo C Pereira & Andrea Roventini & Maria Enrica Virgillito, 2021. "The impact of deunionization on the growth and dispersion of productivity and pay [It’s where you work: increases in the dispersion of earnings across establishments and individuals in the United States]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(2), pages 377-408.
  20. Manfred Füllsack & Daniel Reisinger & Raven Adam & Marie Kapeller & Georg Jäger, 2023. "Predicting critical transitions in assortative spin-shifting networks," PLOS ONE, Public Library of Science, vol. 18(2), pages 1-15, February.
  21. Giovanni Dosi & Marcelo C. Pereira & Andrea Roventini & Maria Enrica Virgillito, 2018. "The labour-augmented K+S model: a laboratory for the analysis of institutional and policy regimes," LEM Papers Series 2018/24, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  22. Emanuele Ciola & Enrico M. Turco & Massimiliano Rizzati & Davide Bazzana & Sergio Vergalli, 2024. "Taking the green pill: Macro-financial transition risks and policy challenges in the MATRIX model," Working Papers 2024.27, Fondazione Eni Enrico Mattei.
  23. Giovanni Dosi & Andrea Roventini & Emmanuele Russo, 2020. "Public Policies And The Art Of Catching Up," Sciences Po Economics Publications (main) hal-03242369, HAL.
  24. repec:spo:wpmain:info:hdl:2441/3ii0pf6a4b8o4ovgol0f0kd8f3 is not listed on IDEAS
  25. Andrea Borsato, 2021. "An Agent-based Model for Secular Stagnation in the USA: Theory and Empirical Evidence," LEM Papers Series 2021/09, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  26. Dosi, G. & Pereira, M.C. & Roventini, A. & Virgillito, M.E., 2022. "Technological paradigms, labour creation and destruction in a multi-sector agent-based model," Research Policy, Elsevier, vol. 51(10).
  27. Borsato, Andrea & Lorentz, André, 2025. "Public science vs. mission-oriented policies in long-run growth: An agent-based model," Structural Change and Economic Dynamics, Elsevier, vol. 74(C), pages 129-146.
  28. Andr√©s O. D√°vila-Ospina, 2023. "Hysteresis From Monetary Policy Mistakes: How Bad Could It Be?," Documentos CEDE 21003, Universidad de los Andes, Facultad de Economía, CEDE.
  29. Szymon Chudziak, 2025. "Studying economic complexity with agent-based models: advances, challenges and future perspectives," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 20(2), pages 413-449, April.
  30. Nelli, Linnea & Virgillito, Maria Enrica, 2023. "More than a She-recession: Long-term feminization and short-term pandemic effects," GLO Discussion Paper Series 1291, Global Labor Organization (GLO).
  31. Jesse M. Keenan & Benjamin D. Trump & William Hynes & Igor Linkov, 2021. "Exploring the Convergence of Resilience Processes and Sustainable Outcomes in Post-COVID, Post-Glasgow Economies," Sustainability, MDPI, vol. 13(23), pages 1-12, December.
  32. Dosi, Giovanni & Roventini, Andrea & Russo, Emanuele, 2019. "Endogenous growth and global divergence in a multi-country agent-based model," Journal of Economic Dynamics and Control, Elsevier, vol. 101(C), pages 101-129.
  33. repec:spo:wpmain:info:hdl:2441/46k9rkvut99i7qnn4vqm25t53b is not listed on IDEAS
  34. Lamperti, Francesco & Roventini, Andrea & Sani, Amir, 2018. "Agent-based model calibration using machine learning surrogates," Journal of Economic Dynamics and Control, Elsevier, vol. 90(C), pages 366-389.
  35. Giovanni Dosi & Andrea Roventini, 2019. "More is different ... and complex! the case for agent-based macroeconomics," Journal of Evolutionary Economics, Springer, vol. 29(1), pages 1-37, March.
  36. Florent Bordot & Andre Lorentz, 2021. "Automation and labor market polarization in an evolutionary model with heterogeneous workers," LEM Papers Series 2021/32, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  37. Amendola, Marco & Lamperti, Francesco & Roventini, Andrea & Sapio, Alessandro, 2024. "Energy efficiency policies in an agent-based macroeconomic model," Structural Change and Economic Dynamics, Elsevier, vol. 68(C), pages 116-132.
  38. Koray Yıldırım & Neşe Algan & Harun Bal, 2024. "Investment Hysteresis: An Empirical Essay Turkish Case," Evaluation Review, , vol. 48(1), pages 143-176, February.
  39. Giorgio Fagiolo & Mattia Guerini & Francesco Lamperti & Alessio Moneta & Andrea Roventini, 2017. "Validation of Agent-Based Models in Economics and Finance," LEM Papers Series 2017/23, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  40. Marco Amendola & Marcelo C. Pereira, 2026. "Are fiscal multipliers state-dependent? Insights from an agent-based model," Journal of Evolutionary Economics, Springer, vol. 36(1), pages 1-34, April.
  41. Manfred Füllsack & Simon Plakolb & Georg Jäger, 2021. "Predicting regime shifts in social systems modelled with agent-based methods," Journal of Computational Social Science, Springer, vol. 4(1), pages 163-185, May.
  42. Patrick Mellacher, 2021. "Growth, Inequality and Declining Business Dynamism in a Unified Schumpeter Mark I + II Model," Papers 2111.09407, arXiv.org, revised Nov 2023.
  43. Taberna, Alessandro & Filatova, Tatiana & Roventini, Andrea & Lamperti, Francesco, 2022. "Coping with increasing tides: Evolving agglomeration dynamics and technological change under exacerbating hazards," Ecological Economics, Elsevier, vol. 202(C).
  44. Jessica Reale & Frederik Banning & Michael Roos, 2024. "Unemployment Benefits and Job Quality: Unveiling the Complexities of Labour Market Dynamics," Papers 2407.20306, arXiv.org.
  45. Giovanni Dosi & Andrea Roventini & Emanuele Russo, 2021. "Public policies and the art of catching up: matching the historical evidence with a multicountry agent-based model [Catching up, forging ahead, and falling behind]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(4), pages 1011-1036.
  46. Giovanni Dosi, 2024. "Why is economics the only discipline with so many curves going up and down? There is an alternative," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 14(1), pages 1-34, March.
  47. Ciola, Emanuele & Turco, Enrico Maria & Rizzati, Massimiliano Carlo Pietro & Bazzana, Davide & Vergalli, Sergio, 2025. "Taking the green pill: Macroeconomic and financial risks of the energy transition in the MATRIX model," Journal of Economic Behavior & Organization, Elsevier, vol. 239(C).
  48. Patrick Llerena & Corentin Lobet & André Lorentz, 2025. "Two halves don’t make a whole: instability and idleness emerging from the co-evolution of the production and innovation processes," Review of Evolutionary Political Economy, Springer, vol. 6(3), pages 459-497, December.
  49. Francesco Furlanetto & Antoine Lepetit & Ørjan Robstad & Juan Rubio-Ramírez & Pål Ulvedal, 2025. "Estimating Hysteresis Effects," American Economic Journal: Macroeconomics, American Economic Association, vol. 17(1), pages 35-70, January.
  50. Cláudio Tadeu Cristino & Piotr Żebrowski & Matthias Wildemeersch, 2020. "Assessing the time intervals between economic recessions," PLOS ONE, Public Library of Science, vol. 15(5), pages 1-20, May.
  51. Francesco Lamperti & Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Alessandro Sapio, 2018. "And then he wasn't a she : Climate change and green transitions in an agent-based integrated assessment model," Working Papers hal-03443464, HAL.
  52. Giovanni Dosi, 2022. "The Agenda for Evolutionary Economics: Results, Dead Ends, and Challenges Ahead," LEM Papers Series 2022/24, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  53. Botta, Alberto & Tippet, Ben, 2020. "The roots of a divided eurozone: rigid labour markets or asymmetric technology-macroeconomic regimes?," Greenwich Papers in Political Economy 30958, University of Greenwich, Greenwich Political Economy Research Centre.
  54. repec:spo:wpmain:info:hdl:2441/5rtilga41c899ab0rctd3cp2r3 is not listed on IDEAS
  55. Valerie Cerra & Antonio Fatás & Sweta C. Saxena, 2023. "Hysteresis and Business Cycles," Journal of Economic Literature, American Economic Association, vol. 61(1), pages 181-225, March.
  56. Ichiro Takahashi, 2021. "An Artificial Wicksell—Keynes Macroeconomy," Springer Books, Springer, number 978-981-16-6839-5, January.
  57. Vincent Dadam & Nicola Viegi, 2024. "Investigating unemployment hysteresis in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 92(3), pages 331-353, September.
  58. Popoyan, Lilit & Napoletano, Mauro & Roventini, Andrea, 2020. "Winter is possibly not coming: Mitigating financial instability in an agent-based model with interbank market," Journal of Economic Dynamics and Control, Elsevier, vol. 117(C).
  59. Hoxha, Sergei & Kleinknecht, Alfred, 2020. "When labour market rigidities are useful for innovation. Evidence from German IAB firm-level data," Research Policy, Elsevier, vol. 49(7).
  60. Damiano Di Francesco & Omar Pietro Carnevale, 2025. "Are Hysteresis Effects Nonlinear?," LEM Papers Series 2025/32, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  61. Ichiro Takahashi, 2021. "Market Mechanism: Stabilizing or Destabilizing?," Springer Books, in: An Artificial Wicksell—Keynes Macroeconomy, chapter 0, pages 1-20, Springer.
  62. Lamperti, F. & Dosi, G. & Napoletano, M. & Roventini, A. & Sapio, A., 2020. "Climate change and green transitions in an agent-based integrated assessment model," Technological Forecasting and Social Change, Elsevier, vol. 153(C).
  63. Lucrezia Fanti & Marcelo C Pereira & Maria Enrica Virgillito, 2024. "A North-South Agent–Based Model of segmented labor markets: the role of education and trade asymmetries," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 33(2), pages 383-423.
  64. Giovanni Dosi & Andrea Roventini, 2017. "Agent-Based Macroeconomics and Classical Political Economy: Some Italian Roots," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 3(3), pages 261-283, November.
  65. Marwil J Dávila-Fernández & Jose Luis Oreiro, 2023. "Competitiveness and dynamic cumulative causation in an export-led growing economy," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 32(2), pages 522-550.
  66. Manfred Füllsack & Daniel Reisinger & Marie Kapeller & Georg Jäger, 2022. "Early warning signals from the periphery," Journal of Computational Social Science, Springer, vol. 5(1), pages 665-685, May.
  67. De-Chih Liu, 2023. "Unemployment persistence with an evolutionary perspective: job creation or destruction (or both)?," Evolutionary and Institutional Economics Review, Springer, vol. 20(1), pages 83-109, April.
  68. Giovanni Dosi & Davide Usula & Maria Enrica Virgillito, 2024. "Increasing returns and labor markets in a predator–prey model," Journal of Evolutionary Economics, Springer, vol. 34(2), pages 375-402, April.
  69. Giovanni Dosi & Andrea Roventini, 2024. "Evolutionary Growth Theory," LEM Papers Series 2024/02, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  70. Andrea Borsato & Andre Lorentz, 2023. "Open Science vs. Mission-oriented Policies and the Long-run Dynamics of Integrated Economies: An Agent-based Model with a Kaldorian Flavour," Working Papers of BETA 2023-17, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  71. Battiati, Claudio, 2019. "R&D, growth, and macroprudential policy in an economy undergoing boom-bust cycles," Journal of Macroeconomics, Elsevier, vol. 59(C), pages 299-324.
  72. Dávila-Fernández, Marwil & Oreiro, José, 2021. "A song of ice and fire: Competitiveness in an export-led growing economy," MPRA Paper 109821, University Library of Munich, Germany.
  73. Botta, Alberto & Caverzasi, Eugenio & Russo, Alberto, 2024. "Same old song: On the macroeconomic and distributional effects of leaving a Low Interest Rate Environment," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 552-570.
  74. Bernardo A. Furtado & Miguel A. Fuentes & Claudio J. Tessone, 2019. "Policy Modeling and Applications: State-of-the-Art and Perspectives," Complexity, Hindawi, vol. 2019, pages 1-11, February.
  75. Váry, Miklós, 2021. "The long-run real effects of monetary shocks: Lessons from a hybrid post-Keynesian-DSGE-agent-based menu cost model," Economic Modelling, Elsevier, vol. 105(C).
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