Steve 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. His perspectives on the causes and consequences of the Great Recession, the macroeconomic effects of rising income inequality, financial instability, deficit reduction, and capital gains taxation have been highlighted in the national and international 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 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. He was installed as the Bert A. and Jeanette L. Lynch Distinguished Professor of Economics on April 21, 2014.
Fazzari has served in many administrative roles including chair of the Department of Economics (1999-2005), the Academic Planning Committee of Arts and Sciences (2006-2010; 2013-present) and the Arts and Sciences Personnel Advisory Committee (2010-2013). He is now associate director of the Weidenbaum Center on the Economy, Government, and Public Policy
In the fall of 2014, Fazzari began an exciting new role as the inaugural chair of the new Department of Sociology to be established at Washington University. More information about Sociology and Fazzari's activties there can be found here.