主题：Spillovers between oil and stock markets at times of geopolitical unrest and economic turbulence
主讲人：朴茨茅斯大学经济与金融学高级讲师 Ioannis Chatziantoniou
主持人：陶启智（金融学院副教授）
时 间：2015年4月30日（周四）10：30-12:00
地 点：颐德楼H座108
主办单位：金融学院、科研处
主讲人简介：
Ioannis Chatziantoniou 是英国朴茨茅斯大学经济与金融学的高级讲师，拥有朴茨茅斯大学的博士学位，银行学与金融管理硕士、经济学与区域发展硕士和工商管理硕士学位。主要研究宏观经济政策、能源经济学、商业周期、金融市场等方向。曾在Economics Letters, Review of Quantitative Finance and Accounting，Energy Economics等著名刊物上发表文章。
讲座内容：
We examine the dynamic structural relationship between oil price shocks and stock market returns and volatility. The results suggest that spillover effects vary across different time periods, and that this time-varying character is aligned with certain developments that take place in the global economy. In particular, aggregate demand shocks appear to act as the main transmitters of spillover effects to stock markets during periods characterised by economic-driven events, while supply-side and oil-specific demand shocks during periods of geopolitical unrest.
