Athanasios Orphanides


Athanasios Orphanides

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Athanasios Orphanides is a Professor of the Practice of Global Economics and Management at the MIT Sloan School of Management. 

He is also an Honorary Advisor to the Bank of Japan’s Institute for Monetary and Economic Studies, a member of the Shadow Open Market Committee, a Research Fellow at the Centre for Economic Policy Research, a Senior Fellow at the Center for Financial Studies, and a Research Fellow at the Institute for Monetary and Financial Stability.

His research interests are on central banking, finance, and political economy and he has published extensively on these topics. He has also contributed to the ongoing debate on the euro area crisis.

Before joining MIT Sloan, he held positions at central banks in the United States and in Europe.  From May 2007 to May 2012, he served a five-year term as Governor of the Central Bank of Cyprus and was a member of the Governing Council of the European Central Bank.  Following the creation of the European Systemic Risk Board in 2010, he was elected a member of its first Steering Committee. Earlier, he served as Senior Advisor at the Board of Governors of the Federal Reserve System, where he had started his professional career as an economist.  

Athanasios Orphanides obtained undergraduate degrees in mathematics and economics as well as a PhD in economics from MIT.


"The Term Structure and Inflation Uncertainty."

Breach, Tomas, Stefania D’Amico, and Athanasios Orphanides. Journal of Financial Economics. Forthcoming.

"Collateral Framework: Liquidity Premia and Multiple Equilibria."

Lengwiler, Yvan, and Athanasios Orphanides, MIT Sloan Working Paper 6428-21. Cambridge, MA: MIT Sloan School of Management, April 2021.

"The ECB's Instruments for Crises and Normal Times: Considerations for the Policy Strategy Review."

Orphanides, Athanasios, MIT Sloan Working Paper 6233-20. Cambridge, MA: MIT Sloan School of Management, November 2020. Download Paper.

"Options for the ECB's Monetary Policy Strategy Review."

Yvan Lengwiler and Athanasios Orphanides. In Study for the Committee on Economic and Monetary Affairs, Policy Department for Economic, Scientific and Quality of Life Policies, Luxembourg: September 2020.

"Monetary Policy Strategy and its Communication."

Athanasios Orphanides. In Federal Reserve Bank of Kansas City Economic Policy Symposium Proceedings, 2020, 2020.

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