Andrea Terzi

Andrea Terzi

Professor, Economics and Finance
Department Chair, Economics and Finance

Ph.D. Rutgers University, USA
M.A. Rutgers University, USA
Dottore in Economia Politica, Università Bocconi, Milan, Italy

Office: Lowerre Academic Center, North Campus, Office 2
Phone: +41 91 986 36 32
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Profile:

Andrea Terzi is Professor of Economics at Franklin University Switzerland and Research Associate at the Levy Economics Institute of Bard College, New York. He also lectures in Monetary Economics at Catholic University, Milan. Has taught at Rutgers University, the Institute for International Studies in Florence, the European College of Parma, and has been Jean Monnet Fellow at the European University Institute in Florence. His research includes work on central banking, financial instability, macro-financial accounts and the relationship between savings, finance, debt, and employment. He has published numerous scholarly articles in the fields of macro and monetary economics. Publications include La Moneta (2002) and Salviamo l’Europa dall’austerità (2014). In 2007, Terzi co-authored and co-edited Euroland and the World Economy, a book from Palgrave Macmillan that offered an early diagnosis of Europe’s unsustainable path, and his commentary on the euro crisis and the flaws of conventional monetary economics has been highlighted in the media. Terzi, who holds a degree with honors in Political Economy from Bocconi University and a Ph.D. in Economics from Rutgers University, serves on the editorial boards of the European Journal of Economics and Economic Policies and the Journal of Post Keynesian Economics.

2019-2020 Courses:

ECN 100Principles of MacroeconomicsFALL 2019
ECN 225Issues and Controversies in Macroeconomics (Intermediate Macroeconomics)FALL 2019
ECN 325Money, Banking and Financial MarketsFALL 2019

Publications:

(This is a partial list.)

Books
Appunti di economia monetaria: Stock di moneta, flussi monetari, tassi d’interesse e saldi finanziari, EDUCatt, Milano, 2012.

Euroland and the Global Economy: Global Player or Global Drag?, editor (with Jörg Bibow), Palgrave Macmillan, forthcoming 2007.

La Moneta, il Mulino, Bologna, pp. 132, 2002.

Articles in refereed journals

“A T-shirt model of savings, debt, and private spending: lessons for the euro area." The European Journal of Economics and Economic Policies, Vol. 13 N. 1, pp. 39–56, 2016.

“In the absence of fiscal union, the Eurozone needs a more flexible monetary policy: A comment.” PSL Quarterly Review, Vol. 69 N. 278, pp. 279-285, September 2016.

“The ‘Keynesian Moment’ in policy making and the perils ahead," in Sebastian Dullien, Eckhard Hein, Achim Truger, and Till van Treeck (eds.), The World Economy in Crisis - the Return of Keynesianism? Metropolis Verlag, Marburg, pp. 129-53, 2010. 

“Keynes’s uncertainty is not about white or black swans." Journal of Post Keynesian Economics, Vol. 32, N. 4, pp. 559-65, Summer, 2010.

“Valore e simbologia del denaro: Una questione di metodo." In Lucia Travaini (ed.), Valori e disvalori simbolici delle monete nel medioevo: I trenta denari di Giuda, Quasar, 2009.

"International Payments Imbalances and the Prospective Role of the Euro.” In Jörg Bibow and Andrea Terzi (eds.), Euroland and the Global Economy: Global Player or Global Drag?, Palgrave Macmillan, pp. 288-303, 2007.

“International Financial Instability in a World of Currencies Hierarchy.” In Louis-Philippe Rochon and Sergio Rossi (eds.), Monetary and Exchange Rate Systems: A Global View of Financial Crises, Edward Elgar, 2006.

“Is a transactions tax an effective means to stabilize the foreign exchange market?” Banca Nazionale del Lavoro Quarterly Review, December 2003, n. 227, pp.367-85.

Book review of M. M. Dacorogna et al., An Introduction to High-Frequency Finance, in International Review of Economics and Finance, vol. 12, n. 4, pp. 525-529, 2003.

“Euro, banche e struttura finanziaria” with Giacomo Vaciago. In Pietro Alessandrini (ed.), Il sistema finanziario italiano tra globalizzazione e localismo, il Mulino, Bologna, pp. 65-75, 2001.

Book review of M. M. Dacorogna et al., An Introduction to High-Frequency Finance, in Moneta e Credito, N. 216, Vol. LIV, December, pp. 519-25, 2001.

Articles in working papers series
“The ‘Keynesian Moment’ in Policymaking, the Perils Ahead, and a Flow-of-funds Interpretation of Fiscal Policy." Levy Economics Institute of Bard College, Working Paper, No. 614, August 2010.

“Fiscal deficits in the U.S. and Europe: Revisiting the link with interest rates", Schwartz Center for Economic Policy Analysis, Working Paper 2007-4, The New School University, May 2007.

“Stock-bond correlation and the bond quality ratio: Removing the discount factor to generate a ‘deflated’ stock index" (with Giovanni Verga), Quaderni dell’Istituto di Economia e Finanza, n. 67, July 2006.

“International financial instability in a world of currencies hierarchy”, Quaderni dell’Istituto di Economia e Finanza, n. 64, October 2005.

“Is a transactions tax an effective means to stabilize the foreign exchange market?”, Quaderni di ricerca del Dipartimento di Scienze Economiche “Hyman P. Minsky”, n. 3, 2003.

Book reviews and encyclopedia entries
“John Maynard Keynes”, La Nuova Informazione Bibliografica, il Mulino, Bologna, N. 4, 2008.

“La moneta”, La Nuova Informazione Bibliografica, il Mulino, Bologna, N. 3, 2004.

M. M. Dacorogna et al., "An Introduction to High-Frequency Finance", in International Review of Economics and Finance, vol. 12, n. 4, pp. 525-529, 2003.

M. M. Dacorogna et al., "An Introduction to High-Frequency Finance", in Moneta e Credito, N. 216, Vol. LIV, December, pp. 519-25, 2001.

“Animal spirits.” In International Encyclopedia of Political Economy, Vol. I (A-O), London, Routledge, 1999.

“Il Maastricht Watch e la moneta unica”, Maastricht Watch, October 1995.

“Il calare dei soldi”, Leggere, Archinto editore, N. 70, May 1995.

Authorship of anonymous official reports
Rapporto IRS sul Mercato Azionario, Istituto per la Ricerca Sociale, Editions: 1988, 1989, 1990, 1991, 1992, 1993, 1994, 1995.

Report on the Italian Stock Market, Istituto per la Ricerca Sociale, Editions: 1988, 1989, 1990, 1991, 1992, 1993, 1994.