Andrea Ferrero is a Professor of Economics in the Department of Economics at the University of Oxford and the Levine Senior Research Fellow in Economics at Trinity College Oxford. He holds a BA in Economics from Bocconi University, an MSc in Economics from Universitat Pompeu Fabra, and a Phd in Economics from New York University. Before joining Oxford in September 2013, Andrea spent seven years in the Research Department at the Federal Reserve Bank of New York, first as an Economist and then as a Senior Economist. He has been a visiting scholar and lecturer at various institutions and universities in the US, Europe and Asia. He is currently an academic consultant for the Bank of England, where he was the Houblon-Normal fellow in 2019-2020. His research interests are in the areas of Monetary Economics and International Macroeconomics. Among other topics, he has worked on policy options in a currency union, the determinants and implications of global imbalances, and the macroeconomic impact of the Fed unconventional policies. His research has appeared in top professional outlets, including the American Economic Review, the Review of Economic Studies, the Economic Journal, the Journal of Monetary Economics, and the Journal of International Economics. His current research focuses on monetary policy and financial frictions in closed and open economy, the drivers of equilibrium real interest rates, and the aggregate consequences of sectoral shocks.
As the political landscape evolves in the U.S. under the new presidency, the ripple effects on treasury operations may be significant, given the critical role of the U.S. market in the global economy. As changing policies emerge from the new administration, the implications for currency fluctuations, trade tariffs and global supply chains are front of mind for businesses worldwide. For treasury leaders, the ability to anticipate and plan against future scenarios will be key to both seizing opportunities and well as maintaining financial stability.
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