OVERVIEW

SCOPE

The energy landscape has recently changed. Many European countries release new rules for the energy transition towards a less carbon-intensive production mix, while environmental markets are being reformed. Energy consumption in Asia is forecasted to have a rapid growth, thus attracting commercial transactions and investment waves. The United States exploits unconventional gas and oil to overcome their supply dependency, which instead is still at stake in Europe. In terms of energy supply security, the Ukrainian crisis has shown that energy efficiency and increased deployment of renewables have been so far insufficient to eliminate Europe’s reliance on Russian gas supply. These phenomena altogether contribute to making more volatile energy prices, with sudden jumps in their levels. The debate about the financialization of energy commodities revamps both in the United States and in Europe. In countries where markets are not developed yet, like Africa, energy, water and raw materials remain at the hearth of several conflicts.

The emergence of these new aspects in energy markets requires new and more complex modeling approaches. The 2015 International Symposium on Energy and Finance Issues (ISEFI-2015), jointly organized by the IPAG Energy Economics Center (IPAG Business School) and the Centre of Geopolitics of Energy and Raw Materials (Paris Dauphine University), will shed lights on these issues, by bringing together researchers in economics, finance and econometrics.

 

KEYNOTE SPEAKERS

Professor Lutz KilianUniversity of Michigan, United States

lkilian_1.jpg

Lutz Kilian, Professor of Economics, received his Ph.D. in Economics from the University of Pennsylvania in 1996 and his M.A. in Development Banking from The American University in 1988. He joined the faculty at Michigan in 1996. Prior to his Ph.D., he worked for the research department of the Inter-American Development Bank in Washington, DC. During 2001-03 he served as an adviser to the European Central Bank in Frankfurt/M., Germany. Professor Kilian has been a research visitor at the Federal Reserve Board, the European Central Bank, and the International Monetary Fund. He has also been a consultant for the International Monetary Fund, the Inter-American Development Bank, the World Trade Organization, the European Central Bank, the Bank of Canada, and the European Parliament, among others. Professor Kilian has published over 70 articles. Professor Kilian has been an Associate Editor of the Journal of Business and Economic Statistics, the Journal of Development Economics, and the Journal of Economic Dynamics and Control, among other journals. He is a research fellow of the Centre for Economic Policy Analysis, the Center for Financial Studies, and the Euro Area Business Cycle Network.

Professor Matteo ManeraUniversity of Milano-Bicocca, Italy

manera_1.jpg

Matteo Manera is a Professor of Econometrics at DEMS - Department of Economics, Management and Statistics, University of Milano-Bicocca, Italy. He is also senior research fellow at the Fondazione Eni Enrico Mattei (FEEM), Milano, Italy, where he has coordinated the research programme on International Energy Markets and he is currently leading the research projects on Financial Speculation in the Oil Markets and on Modelling and Forecasting the Price of Oil. His research interests include: time series analysis; financial econometrics; energy econometrics; international markets for oil, gas and electricity; environmental Kuznets curves; model selection (non-nested tests); analysis of dynamic factor demands; panel data models; models for qualitative and limited dependent variables. His current research activity is focussed on the econometric analysis of the impact of financial speculation on the energy futures markets.

 

ORGANIZERS

Anna Creti, University of Paris Dauphine & Ecole Polytechnique
Marc Joëts, IPAG Business School and University of Paris West Nanterre la Défense
Duc Khuong Nguyen, IPAG Business School

 

IMPORTANT DATES

February 7, 2015: Submission deadline (full papers)
February 15, 2015: Notification of acceptance/rejection
March 7, 2015: Registration deadline
March 20, 2015: Symposium event

Online user: 1