Saving and finance:
funding aggregate demand
Terzi, A. (2016). A T-shirt model of savings, debt, and private spending: lessons for the euro area. European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, 13(1), 39-56.
Terzi, A. (1992). Macrodynamics, the Flow of Funds, and the Monetary‑Financial System. In Milberg W. (eds). The Megacorp and Macrodynamics: Essays in Memory of Alfred Eichner, M.E.Sharpe, (10), 157‑67.
Terzi, A. (1991). Risparmio, credito e finanza dopo Keynes. In Kregel J. A. (eds). Nuove Interpretazioni dell'Analisi Monetaria di Keynes, Bologna: il Mulino, 91‑103.
Terzi, A. (1989). Three Questions on Finance: Preliminary Remarks. Economie Appliquée, 42 (2), 115‑124.
Terzi, A. (1986-1987). The Independence of Finance from Saving: a Flow‑of‑funds Interpretation. Journal of Post Keynesian Economics, 9(2), 188‑197, Winter.
Terzi, A. (1986). Finance, Investment, and Saving: a Comment on Asimakopulos. Cambridge Journal of Economics, 10(1), 77‑80, March.
Terzi, A. (1984). Il risparmio come vincolo alla crescita economica: il recente dibattito statunitense con alcune osservazioni critiche. Note Economiche, 3, 86‑102.
Fiscal policy:
Effectiveness and sustainability
Terzi, A. (2023). Fiscal sustainability under a paper standard: Two paradigms. Journal of Post Keynesian Economics, 46(1), 1-31 (Published online: 17 Nov 2022).
Terzi, A. (2017). Ripensare la politica fiscale. Economia e politica, July, Economia e Politica.
Terzi, A. (2016). A T-shirt model of savings, debt, and private spending: lessons for the euro area. European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, 13(1), 39-56.
Terzi, A. (2010). The ‘Keynesian Moment’ in policy making and the perils ahead, and the flow-of-funds interpretation of fiscal policy. In Dullien S., Hein E., Truger A., van Treeck T. (eds). The World Economy in Crisis - the Return of Keynesianism? Metropolis Verlag, Marburg, 129-153.
Monetary governance:
Central bank operations
Terzi, A. (2019). The rise of national central banks' TARGET balances in the euro area: a comment. European Journal of Economics and Economic Policies: Intervention, 1, 1-8.
Terzi, A. (2016). In the absence of fiscal union, the Eurozone needs a more flexible monetary policy: A comment. PSL Quarterly Review - Economia Civile, 69(278), 279-285.
Terzi, A. and G. Vaciago (2001). Euro, banche e struttura finanziaria. In Pietro Alessandrini (eds). Il sistema finanziario italiano tra globalizzazione e localismo, il Mulino, Bologna, 65.75.
Terzi, A. (2007). International payments imbalances and the prospective role of the euro. In: Bilbow J., Terzi A. (eds), Euroland and the World Economy: Global Player or Global Drag?, Palgrave Macmillan, London, 288-303.
Keynes, money, and uncertainty:
Market behavior and instability
Terzi, A. (2010). Keynes’s uncertainty is not about white or black swans. Journal of Post Keynesian Economics, 32(4), 559-65, Summer.
Terzi, A. (2006). International Financial Instability in a World of Currencies Hierarchy. In: Rochon L., Rossi S. (eds). Monetary and Exchange Rate Systems: A Global View of Financial Crises, Edward Elgar.
Terzi, A. (1999). Financial Market Behavior: Rational, Irrational, or Conventionally Consistent? In Davidson P., Kregel J. A. (eds). Full Employment, and Price Stability in a Global Economy, Edward Elgar.
Terzi, A. (1996). Nuove teorie keynesiane e rigidità nel mercato dei beni. In Gnesutta C. (eds). Incertezza, Moneta, Aspettative, Equilibrio. Saggi per Fausto Vicarelli, Bologna: il Mulino, 219-239.
Terzi, A. (1994). Is There an Economic (Non‑neoclassical) Explanation for the Magic of the Technical Analysis of Stock Markets? In Davidson P, Kregel J. A. (eds). Employment, Growth and Finance: Economic Reality and Economic Theory, Edward Elgar, 202-216.
History of Money
Terzi, A. (2009). Valore e simbologia del denaro: Una questione di metodo. In Travaini, L. (eds). Valori e disvalori simbolici delle monete nel medioevo: I trenta denari di Giuda, Quasar, 249-264.
Tobin Tax
Terzi, A. (2003). Is a transactions tax an effective means to stabilize the foreign exchange market? Banca Nazionale del Lavoro Quarterly Review, 227, 367-385, December.
Encyclopedia entries
Terzi, A. (2015). Central bank money. In The Encyclopaedia of Central Banking. L.P. Rochon and S. Rossi (eds). Edward Elgar.
Terzi, A. (2015). Corridor and floor systems. In The Encyclopaedia of Central Banking. L.P. Rochon and S. Rossi (eds). Edward Elgar.
Terzi, A. (2008). John Maynard Keynes. In La Nuova Informazione Bibliografica. Bologna: il Mulino, 4, 591-616.
Terzi, A. (2004). Moneta. La Nuova Informazione Bibliografica. Bologna: il Mulino, 3, 503-524.
Terzi, A. (1999). Animal spirits. In International Encyclopedia of Political Economy, 1(A-O), London: Routledge.
Selected conferences
2022 The sustainability of sovereign debt when the central bank operates under a paper standard: Two views from two paradigms, SNB Research Seminar, Swiss National Bank, Zürich, 28 October 2022
2019 A critical analysis of public debt under a non-convertible currency standard: Implications for the euro area, 23rd FMM Conference “The Euro at 20 – Macroeconomic challenges”, Berlin, 24-26 October 2019
2019 Central bank deposits: An overview, Why money matters? 1st MMT European conference, Berlin, February 1-2, 2019 – Keynote speaker
2018 Monetary analysis with non-convertible currencies: Implications for fiscal policy, International Workshop ‘Real analysis versus monetary analysis: Does it matter and what are its main implications, ÖNB - Central Bank of Austria, Vienna, 14 March 2018 – Keynote speaker
2017 The institutional inter-temporal budget constraint of governments: Whence it came, why it should be reformed, 29th Annual Conference of the European Association for Evolutionary Political Economy (EAEPE) on “The role of the State in Economic Development: State Capacity, State Autonomy and Economic Development”, Corvinus University, Budapest 19–21 October 2017
2017 Effectiveness and limitations of ECB unconventional monetary policy actions, Guest lecture, Course in Monetary theory and policy II: Monetary policy in Europe, Master’s program, Université de Fribourg, 7 April 2017
2016 Macroeconomics is shifting. What’s the right direction?, 20th Conference of the Research Network Macroeconomics and Macroeconomic Policies (FMM) Towards Pluralism in Macroeconomics?, 20-22 October 2016
2016 From macroeconomists’ self-confidence to the crisis of the Monetarist-Keynesian paradigm: What do we agree on?, USI-FUS International Meeting Keynes’s General Theory eighty years later: What lessons for the contemporary world?, Università della Svizzera italiana (USI), Lugano, September 16, 2016
2015 Savings, debt, and a T-shirt model of money and growth, 27th Annual Conference of the European Association for Evolutionary Political Economy, Genova, 17-19 September 2015
2015 The Eurozone crisis: A debt shortage as the final cause, Invited to Panel “The Eurozone crisis: Fiscal profligacy or capital flows as final causes” of the Annual Conference of the Institute of New Economic Thinking New Economic Thinking (INET): Liberté, Égalité, Fragilité, Paris, 8-11 April 2015
2014 The Fiscal Instrument: How It Got Lost and How It Can Be Reclaimed, Europe at the Crossroads: A Union of Austerity or Growth Convergence?, Co-organized by the Levy Economics Institute of Bard College and Economia Civile with support from the Ford Foundation, the Friedrich-Ebert-Stiftung, and Marinopoulos AE, Athens, Greece, November 21-22, 2014
2014 When Good Intentions Pave the Road to Hell: Europe's Narrowing Options, International Workshop "Plein emploi en Europe, avec ou sans l’euro”, Centre de Recherche en Economie de Grenoble, 15-16 May 2014
2012 Revising the quantity theory of money in a financial balance approach: Policy implications for the world slowdown MAFIN 2012 - Third International Workshop on Managing Financial Instability in Capitalist Economies, Genova, Italy, September 21, 2012
2009 The virtuous euro at ten in perilous waters: A long road to maturity, International workshop The euro: between politics and economic theory, Università La Sapienza, Rome, Economics Department, 27 February 2009
2006 Fiscal Deficits in the US and Europe: Revisiting the Link with Interest Rates, 3rd International Conference: Developments in Economic Theory and Policy, Bilbao, Spain, July 6, 2006
2006 Simbologia della moneta: Il punto di vista di un economista, Università degli Studi di Milano, Secondo Colloquio Valori e disvalori simbolici delle monete: I 30 denari di Giuda, February 2006.