Andrea Ferrero

I teach monetary economics, macro-finance and international macroeconomics at both the graduate and undergraduate levels. I also supervise MPhil and DPhil dissertations on several topics in macroeconomics.

I am currently an academic consultant for the Bank of England and the Bank of Finland. In the past, I have held visiting research positions at NYU, EIEF Rome, the Norges Bank, the Bank of Japan and European Central Bank.

At Trinity, I supervise graduate students in Economics and other social sciences.

My research interests are in the areas of monetary economics and international macroeconomics. I have worked on topics including policy options in a currency union, the determinants and implications of global imbalances and the macroeconomic impact of the Fed on unconventional policies. I am currently looking at monetary policy and credit frictions in closed and open economy, and on the determinants of real low interest rates.

I began my working life in the Research Department at the Federal Reserve Bank of New York, first as an Economist and then as a Senior Economist. I continue my connection with central banks as an academic consultant. In recent years, I have collaborated with the Bank of Finland, the European Central Bank, the Norges Bank and the Bank of England.

You can find out more about my work here.

‘Fiscal and Monetary Policy in Open Economy’, Oxford Research Encyclopedia of Economics and Finance (forthcoming)

‘Notes on the Underground: Monetary Policy in Resource-Rich Economies’, Journal of Money, Credit and Banking 51 (June 2019), pp.953-976

With Martin Seneca

‘International Credit Supply Shocks’, Journal of International Economics 112 (May 2018), pp.219-237

With Ambrogio Cesa-Bianchi and Alessandro Rebucci

‘The Great Escape? A Quantitative Evaluation of the Fed’s Liquidity Facilities’, American Economic Review 107 (March 2017) pp.824-857

With Marco del Negro, Gauti Eggertsson and Nobuhiro Kiyotaki

‘Demographics and Real Interest Rates: Inspecting the Mechanism’, European Economic Review 88 (September 2016) pp.208-226

With Carlos Carvalho and Fernanda Nechio

‘House Price Booms, Current Account Deficits, and Low Interest Rates’, Journal of Money, Credit, and Banking 47 (S1), March 2015, pp.261-193