2021 Vilfredo Pareto Lecture: “Macroeconomics and Inequality”
17 June 2021 @ 18:00 - 19:30
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2021 Vilfredo Pareto Lecture: “Macroeconomics and Inequality”
Gianluca Violante, Princeton University
Introduction by Francesca Parodi, University of Torino and Fondazione Collegio Carlo Alberto
Macroeconomics has evolved from the study of aggregate dynamics to the study of the dynamics of the entire distribution of resources across individual economic actors. This “heterogeneous agents” perspective has put income and wealth inequality at the centerstage of macroeconomics. This lecture describes this evolution of the discipline, and discusses how the new approach has changed the way we think about the impact of aggregate shocks on the macroeconomy and the transmission mechanism of fiscal and monetary policy.
Gianluca Violante is a Professor of Economics at Princeton University. He is also a Research Associate of the NBER, CEPR, IFS and IZA and a Fellow of the Econometric Society. He sits on the Editorial Board of the Journal of Economic Perspectives. After his Laurea from the Universita’ di Torino, Gianluca received his Ph.D. in Economics from the University of Pennsylvania. Before joining Princeton, he taught at University College London and NYU. He was the Editor of the Review of Economic Dynamics, and one of the Co-Editors of Econometrica. His main research interests are in macroeconomics, labor economics, and public finance. One of his articles won the Economics in Central Banking Award.
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