Professor, Economics and Finance
Ph.D. Rutgers University, USAM.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
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. His research interests include central banking, monetary operations, macro-financial accounts, and the effects of monetary and fiscal policy on private savings and aggregate demand.
He has authored numerous scholarly articles in the fields of macro-monetary economics. Terzi’s co-authored and co-edited 2007 book from Palgrave Macmillan (Euroland and the World Economy) 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 holds a degree with honors in political economy from Bocconi University and a Ph.D. in economics from Rutgers University, was a Jean Monnet Fellow at the European University Institute, and serves on the editorial boards of the European Journal of Economics and Economic Policies: Intervention and the Journal of Post Keynesian Economics.
(This is a partial list.)
BooksIl Governo della moneta, Giappichelli, 2021.
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
"The rise of national central banks' TARGET balances in the euro area: a comment." European Journal of Economics and Economic Policies: Intervention, Vol. 16, N. 1, pp. 1-8, 2019
“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.