Professor Fazzari’s research explores two main areas: the link between macroeconomic activity and finance, particularly the financial determinants of investment spending, and the foundations of Keynesian macroeconomics. Recent publications include articles in a variety of academic journals including the Brookings Papers on Economic Activity, the Review of Economics and Statistics, the Journal of Public Economics, the Journal of Post Keynesian Economics, and the Quarterly Journal of Economics. Fazzari’s work on financial instability, deficit reduction, and capital gains taxation has been highlighted in several stories in the national press. Fazzari teaches macroeconomics at all undergraduate and Ph.D. levels. He received teaching awards from the Council of Students of Arts and Sciences, the Inter-Fraternity Council, the Washington University Alumni Class of 1989, and the Graduate School of Arts and Sciences. Fazzari has served in many administrative roles including chair of the Department of Economics (1999-2005) and he is now a member of the Academic Planning Committee of Arts and Sciences. He was particularly honored to receive the a 2003 Missouri Governor's Award for excellence in teaching and a 2007 Distinguished Faculty Award from Washington University.
Professor Steven Fazzari gave the first Hyman P. Minsky Lecture on March 2, 2011. His talk, "The Legacy of Hyman Minsky and the Great Recession" focused on how Professor Minsky's ideas illuminate what has happened in the U.S. economy, as well as the way forward. He will also talk a bit about Professor Minsky as a person and his influence at Washington University.