Details about Sergio Cesaratto

E-mail:
Homepage:	https://docenti-deps.unisi.it/sergiocesaratto/
Workplace:	Dipartimento di Economia Politica e Statistica (Department of Economics and Statistics), Facoltà di Economia "Richard M. Goodwin" (Faculty of Economics), Università degli Studi di Siena (University of Siena), (more information at EDIRC)

Access statistics for papers by Sergio Cesaratto.

Last updated 2025-03-14. Update your information in the RePEc Author Service.

Short-id: pce73

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Working Papers

2024

1. Morality and Alternative Economic Theories in Ancient History Studies: a Review Article
   Department of Economics University of Siena, Department of Economics, University of Siena
2. Redistributing central bank profits & losses across the Eurosystem: the Eurosystem's monetary income
   FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute

2023

3. Annotazioni sull’implementazione della politica monetaria: ieri, oggi, domani
   Department of Economics University of Siena, Department of Economics, University of Siena
4. Preliminary notes on the Marxist debates on “historical forms of social production” in a surplus approach perspective
   Department of Economics University of Siena, Department of Economics, University of Siena View citations (1)
5. Preliminary notes on the economic analysis of the Graeco-Roman economies in a surplus approach perspective
   Department of Economics University of Siena, Department of Economics, University of Siena View citations (2)
6. Schools of Athens: Surplus Approach, Marxism and Institutions
   Centro Sraffa Working Papers, Centro di Ricerche e Documentazione "Piero Sraffa" View citations (1)
7. Surplus Approach and Institutions: Where Sraffa Meets Polanyi
   Centro Sraffa Working Papers, Centro di Ricerche e Documentazione "Piero Sraffa" View citations (2)
   See also Journal Article Surplus Approach and Institutions: Where Sraffa Meets Polanyi, Journal of Economic Issues, Taylor & Francis Journals (2024) (2024)
8. Three approaches to institutions in economic analysis
   Department of Economics University of Siena, Department of Economics, University of Siena View citations (1)

2022

9. Le frontiere della politica monetaria: aspetti didattici, teorici, di politica economica. Un review article
   Department of Economics University of Siena, Department of Economics, University of Siena

2021

10. An ECB’s Staff Narrative of Two Decades of European Central Banking: a critical review
    Department of Economics University of Siena, Department of Economics, University of Siena
11. Keynes’s finance, the monetary and demand-led circuits: a Sraffian assessment
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (1)

2020

12. From the Core to the Cores: Surplus Approach, Institutions and Economic Formations
    Centro Sraffa Working Papers, Centro di Ricerche e Documentazione "Piero Sraffa"
13. The surplus approach, Polanyi and institutions in economic anthropology and archaeology
    Department of Economics University of Siena, Department of Economics, University of Siena

2019

14. Heterodox economics and Economic Anthropology: reflections prompted by two books
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (1)

2018

15. Farsi male da soli. Disciplina esterna, domanda aggregata e il declino economico italiano
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (1)
    Also in Working Papers, Universita' di Cassino, Dipartimento di Economia e Giurisprudenza (2018) View citations (1)
16. What went wrong with Italy, and what the country should now fight for in Europe
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (4)
    Also in FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2018) View citations (4)

2017

17. Beyond the traditional monetary circuit: endogenous money, finance and the theory of long-period effective demand
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (5)
18. Bofinger and Ries versus Borio and Disyatat: macroeconomics after endogenous money. A brief note
    Department of Economics University of Siena, Department of Economics, University of Siena
19. Garegnani, Ackley and the years of high theory at Svimez
    Centro Sraffa Working Papers, Centro di Ricerche e Documentazione "Piero Sraffa" View citations (1)
20. The Nature of the Eurocrisis. A Reply to Febrero, Uxò and Bermejo
    a/ Working Papers Series, Italian Association for the Study of Economic Asymmetries, Rome (Italy) View citations (2)
    Also in Department of Economics University of Siena, Department of Economics, University of Siena (2017) View citations (2)
21. Una nessuna centomila – Le molte verità di Target2
    Department of Economics University of Siena, Department of Economics, University of Siena

2016

22. Alternative interpretations of a stateless currency crisis
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (1)
    Also in a/ Working Papers Series, Italian Association for the Study of Economic Asymmetries, Rome (Italy) (2015) View citations (3)
    See also Journal Article Alternative interpretations of a stateless currency crisis, Cambridge Journal of Economics, Cambridge Political Economy Society (2017) View citations (13) (2017)
23. The modern revival of the Classical surplus approach: implications for the analysis of growth and crises
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (2)
24. When Robertson was Keynesian and Keynes Robertsonian: a discussion between D.H.R. and J.M.K. in the early 1930s and the problems with the Monetary Circuit Theory. A note
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (1)

2015

25. Fra Marx e List: sinistra, nazione e solidarietà internazionale
    a/ Working Papers Series, Italian Association for the Study of Economic Asymmetries, Rome (Italy) View citations (2)
26. L’organetto di Draghi: quattro lezioni critiche sulle misure non convenzionali della ECB sino al Quantitative Easing
    a/ Working Papers Series, Italian Association for the Study of Economic Asymmetries, Rome (Italy)

2014

27. Balance of payments or monetary sovereignty? In search of the EMU’s original sin – a reply to Lavoie
    a/ Working Papers Series, Italian Association for the Study of Economic Asymmetries, Rome (Italy) View citations (3)

2013

28. Quel pasticciaccio brutto dell’euro
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (1)
29. The endless Eurozone crisis, where do we stand? A Classical-Kaleckian overview
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (1)
    See also Journal Article The endless eurozone crisis, where do we stand? a classical-kaleckian overview, STUDI ECONOMICI, FrancoAngeli Editore (2012) View citations (3) (2012)
30. The implications of TARGET2 in the European balance of payment crisis and beyond
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (24)
    See also Journal Article The implications of TARGET2 in the European balance of payments crisis and beyond, European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing (2013) View citations (24) (2013)

2012

31. Controversial and novel features of the Eurozone crisis as a balance of payment crisis
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (23)
32. Harmonic and Conflict Views in International Economic Relations: a Sraffian view
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (3)
    See also Chapter Harmonic and Conflict Views in International Economic Relations: a Sraffian View, Palgrave Macmillan Books, Palgrave Macmillan (2013) View citations (1) (2013)
33. Neo-Kaleckian and Sraffian controversies on accumulation theory
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (5)

2011

34. Germany and the European and Global Crises
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (22)
    See also Journal Article Germany and the European and Global Crises, International Journal of Political Economy, Taylor & Francis Journals (2010) View citations (23) (2010)
35. Pensions in a shrinking economy: a comment on Kuné
    Department of Economics University of Siena, Department of Economics, University of Siena

2010

36. Alle origini della crisi europea in corso: spunti critici a margine di due rapporti della Commissione
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (3)
37. Europe, German Mercantilism and the Current Crisis
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (10)

2009

38. Endogenous growth theory twenty years on: a critical assessment
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (1)
    See also Journal Article Endogenous Growth Theory Twenty Years On: A Critical Assessment, Bulletin of Political Economy, Bulletin of Political Economy (2010) (2010)

2008

39. The Macroeconomics of the Pension Fund Reform and the case of the TFR reform in Italy
    Department of Economics University of Siena, Department of Economics, University of Siena View citations (1)

2004

40. The controversy over the US Social Security Surplus. A non conventional view
    Department of Economics University of Siena, Department of Economics, University of Siena

1995

41. Progresso tecnico e risparmio nella teoria neoclassica: un'analisi critica
    Working Papers in Public Economics, Department of Economics and Law, Sapienza University of Roma View citations (1)

Journal Articles

2024

1. Surplus Approach and Institutions: Where Sraffa Meets Polanyi
   Journal of Economic Issues, 2024, 58, (3), 988-1010
   See also Working Paper Surplus Approach and Institutions: Where Sraffa Meets Polanyi, Centro Sraffa Working Papers (2023) View citations (2) (2023)
2. Three approaches to institutions in economic analysis: Polanyi, North and the surplus approach’s third way
   Economia Politica: Journal of Analytical and Institutional Economics, 2024, 41, (1), 267-293

2023

3. Central Bank Digital Currencies: a proper reaction to private digital money?
   Review of Keynesian Economics, 2023, 11, (4), 529-553 View citations (3)
4. Note bibliografiche: Lavoie M. (2022), Post-Keynesian Economics – New Foundations, 2a edizione, Cheltenham (UK) e Northampton (MA, USA): Edward Elgar, pp. 744, ISBN: 9781839109638. (Review Lavoie M. (2022), Post-Keynesian Economics – New Foundations, 2a edizione, Cheltenham (UK) e Northampton (MA, USA): Edward Elgar, pp. 744, ISBN: 9781839109638)
   Moneta e Credito, 2023, 76, (304), 373-375

2022

5. Book Review
   (Finance, funding, saving, and investment)
   Contributions to Political Economy, 2022, 41, (1), 199-203
6. Le frontiere della politica monetaria: aspetti didattici, teorici, di politica economica. Un review article (The frontiers of monetary policy: didactic, theoretical, economic policy aspects. A review article)
   Moneta e Credito, 2022, 75, (299), 353-373
7. The relation between Keynesian monetary theory and demand-led growth: a Sraffian exploration
   Review of Keynesian Economics, 2022, 10, (3), 291-315 View citations (1)

2021

8. The Surplus Approach, Institutions, And Economic Formations
   Contributions to Political Economy, 2021, 40, (1), 26-52 View citations (4)
9. The Surplus Approach, the Polanyian Tradition, and Institutions in Economic Anthropology and Archaeology
   Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, 2021, 55, (1), 185-216 View citations (3)

2020

10. Endogenous money and the theory of long-period effective demand
    Bulletin of Political Economy, 2020, 14, (1), 1-38 View citations (7)

2019

11. Foreign constraints, aggregate demand and the decline of the Italian economy
    L'industria, 2019, (2), 279-318

2018

12. Italy: A Question of Interest Rates and Trust
    Intereconomics: Review of European Economic Policy, 2018, 53, (6), 294-295
13. The nature of the eurocrisis: a reply to Febrero, Uxó and Bermejo
    Review of Keynesian Economics, 2018, 6, (2), 240-251 View citations (4)

2017

14. Alternative interpretations of a stateless currency crisis
    Cambridge Journal of Economics, 2017, 41, (4), 977-998 View citations (13)
    See also Working Paper Alternative interpretations of a stateless currency crisis, Department of Economics University of Siena (2016) View citations (1) (2016)
15. Initial and Final Finance in the Monetary Circuit and the Theory of Effective Demand
    Metroeconomica, 2017, 68, (2), 228-258 View citations (12)

2016

16. La financiación inicial y final en el circuito monetario y la teoría de la demanda efectiva
    Revista de Economía Institucional, 2016, 18, (35), 47-78
17. The state spends first: Logic, facts, fictions, open questions
    Journal of Post Keynesian Economics, 2016, 39, (1), 44-71 View citations (10)

2015

18. Balance of Payments or Monetary Sovereignty? In Search of the EMU’s Original Sin
    International Journal of Political Economy, 2015, 44, (2), 142-156 View citations (7)
19. Neo-Kaleckian and Sraffian Controversies on the Theory of Accumulation
    Review of Political Economy, 2015, 27, (2), 154-182 View citations (50)
20. Pierangelo Garegnani, the Classical Surplus Approach and Demand-led Growth: Introduction to the Symposium
    Review of Political Economy, 2015, 27, (2), 103-110 View citations (10)

2013

21. The implications of TARGET2 in the European balance of payments crisis and beyond
    European Journal of Economics and Economic Policies: Intervention, 2013, 10, (3), 359-382 View citations (24)
    See also Working Paper The implications of TARGET2 in the European balance of payment crisis and beyond, Department of Economics University of Siena (2013) View citations (24) (2013)

2012

22. The endless eurozone crisis, where do we stand? a classical-kaleckian overview
    STUDI ECONOMICI, 2012, 2012/107, (107), 35-63 View citations (3)
    See also Working Paper The endless Eurozone crisis, where do we stand? A Classical-Kaleckian overview, Department of Economics University of Siena (2013) View citations (1) (2013)

2011

23. The macroeconomics of pension reform: The case of severance pay reform in Italy
    European Journal of Economics and Economic Policies: Intervention, 2011, 8, (1), 69-89

2010

24. Endogenous Growth Theory Twenty Years On: A Critical Assessment
    Bulletin of Political Economy, 2010, 4, (1), 1-30
    See also Working Paper Endogenous growth theory twenty years on: a critical assessment, Department of Economics University of Siena (2009) View citations (1) (2009)
25. Germany and the European and Global Crises
    International Journal of Political Economy, 2010, 39, (4), 56-86 View citations (23)
    See also Working Paper Germany and the European and Global Crises, Department of Economics University of Siena (2011) View citations (22) (2011)

2009

26. Institutions for Social Well-Being. Alternatives for Europe
    Contributions to Political Economy, 2009, 28, (1), 109-113

2007

27. Are PAYG and FF Pension Schemes Equivalent Systems? Macroeconomic Considerations in the Light of Alternative Economic Theories
    Review of Political Economy, 2007, 19, (4), 449-473 View citations (6)
28. Invecchiamento della popolazione e questione pensionistica. Considerazioni di lungo periodo
    ECONOMIA E SOCIET? REGIONALE, 2007, 2007/3, (3)

2006

29. A reply to Michl
    Cambridge Journal of Economics, 2006, 30, (6), 985-987 View citations (2)
30. Invecchiamento, globalizzazione e mercato del lavoro: una esplorazione critica della problematica
    STUDI ECONOMICI, 2006, 2006/89, (89), 97-133
31. Pensions in an ageing society: a symposium
    Review of Political Economy, 2006, 18, (3), 295-299 View citations (1)
32. Transition to fully funded pension schemes: a non-orthodox criticism
    Cambridge Journal of Economics, 2006, 30, (1), 33-48 View citations (11)

2003

33. Technical Change, Effective Demand and Employment
    Review of Political Economy, 2003, 15, (1), 33-52 View citations (69)

2002

34. The Economics of Pensions: A non-conventional approach
    Review of Political Economy, 2002, 14, (2), 149-177 View citations (7)

2001

35. Aspetti macroeconomici del passaggio alla capitalizzazione: considerazioni non ortodosse sulla riforma pensionistica
    Rivista di Politica Economica, 2001, 91, (5), 33-82 View citations (1)
36. Le deboli fondamenta del secondo pilastro pensionistico: note sul contributo di Forni e Giordano
    Politica economica, 2001, (3), 359-366 View citations (1)

2000

37. Sistemi pensionistici e analisi economica: un riesame critico
    STUDI ECONOMICI, 2000, 2000/71, (71)

1999

38. Savings and Economic Growth in Neoclassical Theory
    Cambridge Journal of Economics, 1999, 23, (6), 771-93 View citations (21)

1991

39. Sources of innovative activities and industrial organization in Italy
    Research Policy, 1991, 20, (4), 299-313 View citations (47)

Books

2020

1. Heterodox Challenges in Economics
   Springer Books, Springer View citations (4)

2005

2. Pension Reform and Economic Theory
   Books, Edward Elgar Publishing View citations (13)

Chapters

2013

1. Harmonic and Conflict Views in International Economic Relations: a Sraffian View
   Palgrave Macmillan View citations (1)
   See also Working Paper Harmonic and Conflict Views in International Economic Relations: a Sraffian view, Department of Economics, University of Siena (2012) View citations (3) (2012)

2008

2. The Classical ‘Surplus’ Approach and the Theory of the Welfare State and Public Pensions
   Palgrave Macmillan View citations (1)

2006

3. Pensions and Distribution in an Ageing Society: A Non-Conventional View
   Palgrave Macmillan
4. The saving-investment nexus in the debate on pension reforms
   Chapter 9 in Economic Growth and Distribution, 2006, pp 222-246

1999

5. Is technical change the cause of unemployment?
   Chapter 10 in Global Money, Capital Restructuring and the Changing Patterns of Labour, 1999, pp 141-161