Last updated: November 2011
Welcome to my research page

Giuseppe Cavaliere
Professor of Econometrics
Department of Statistical Sciences
University of Bologna





Main research interests


- Time series econometrics (non stationarity, unit roots, cointegration, structural change)


- Financial Econometrics (continuous time finance; financial time series modeling)


- Empirical macroeconomics (international macro, consumption)

 

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Recent working papers / Work in progress

- “Testing hypotheses on the cointegrating vectors in vector autoregressions with non-stationary volatility”  (with P. Boswijk, A. Rahbek and A.M.R. Taylor)

- “Exploiting Infinite Variance through Dummy Variables in an AR Model" (with I. Georgiev)




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Publications (journals)


- “Testing for unit roots in bounded time series", Journal of Econometrics, forthcoming (with F.Xu)

- "Bootstrap Determination of the Co-integration Rank in VAR Models", Econometrica, forthcoming  (with A. Rahbek and A.M.R. Taylor) [first draft: abstract and pdf file; second draft: abstract and pdf file; final version here]

- “Wild bootstrap of the mean in the infinite variance case”, Econometric Reviews, forthcoming  (with I. Georgiev and A.M.R. Taylor)  [abstract and pdf file]

- "Bootstrap co-integration rank testing: the role of deterministic variables and initial values in the bootstrap recursion", Econometric Reviews, forthcoming (with A. M. Robert Taylor & Carsten Trenkler)  [abstract and pdf file]

- "Testing for Unit Roots in the Presence of a Possible Break in Trend and Non-Stationary Volatility" (2011), Econometric Theory 27, 957-991 (with D. Harvey, S. Leybourne and A.M.R. Taylor) [abstract and pdf file]

- “Testing for co-integration in vector autoregressions with non-stationary volatility” (2010), Journal of Econometrics 158, 7-24 (with A. Rahbek and A.M.R. Taylor) [abstract, pdf file, code]

- “Co-integration Rank Testing under Conditional Heteroskedasticity” (2010), Econometric Theory 26, 1719-1760 (with A. Rahbek and A.M.R. Taylor) [abstract, pdf file, code]

- "Determination of the Number of Common Stochastic Trends under Conditional Heteroskedasticity", Estudios de Economia Aplicada 28, 519-552 (with A. Rahbek and A.M.R. Taylor) [abstract and pdf file]

- “Heteroskedastic time series with a unit root” (2009), Econometric Theory, 25, 1228-1276. (with A.M.R. Taylor) [abstract and pdf file]

 - “Robust inference in autoregressions with multiple outliers” (2009), Econometric Theory, 25, 1625–1661 (with I. Georgiev) [abstract, pdf and suppl. material]

-  “Bootstrap M unit root tests” (2009), Econometric Reviews, 28, 393-421 (with A.M.R. Taylor) [abstract and pdf file]

-  “A note on testing covariance stationarity” (2009), Econometric Reviews, 28, pp. 364-371 (with A.M.R. Taylor) [abstract and pdf file]

- “Tests for cointegration rank and choice of the alternative” (2009), Statistical Methods and Applications, 18, 169-191 (with L. Fanelli and P. Paruolo) [abstract and pdf file]

- “Testing for a change in persistence in the presence of non-stationary volatility” (2008), Journal of Econometrics, 147, 84-98 (with A.M.R. Taylor) [abstract and pdf file]

- “International dynamic risk sharing” (2008), Journal of Applied Econometrics, 23, 1-16  (with L.Fanelli and A.Gardini) [abstract and pdf file]

- “Regime switching autoregressive coefficients and the asymptotics for unit root tests” (2008), Econometric Theory (N&P section), 24, 1137-1148. (with I. Georgiev) [abstract and pdf file]

-  “Time-change unit root tests for time series with non-stationary volatility” (2008), Journal of Time Series Analysis, 29, 300-330 (with A.M.R. Taylor) [abstract and pdf file]

- “Bootstrap unit root tests for time series models with non-stationary volatility” (2008), Econometric Theory, 24, 43-71. (with A.M.R. Taylor) [abstract and pdf file]

- “Testing for unit roots in autoregressions with multiple level shifts” (2007), Econometric Theory, 23, pp. 1162-1215. (with I. Georgiev) [abstract and pdf file, suppl.material]

-  “Testing for unit roots in time series models with non-stationary volatility” (2007), Journal of Econometrics, 140, pp. 919-947. (with A.M.R. Taylor) [abstract and pdf file]

- “Testing for a change in persistence in the presence of a volatility shift” (2006), Oxford Bulletin of Economics and Statistics, 27, pp. 619-636. (with A.M.R. Taylor) [abstract and pdf file]

- “Regional consumption dynamics and risk sharing in Italy” (2006), International Review of Economics and Finance, 15, pp. 525-542 (with A. Gardini and L. Fanelli). [abstract and pdf file]

- “Testing the null of co-integration in the presence of variance breaks” (2006), Journal of Time Series Analysis, 27, pp. 619-636. (with A.M.R. Taylor) [abstract and pdf file]

- “A note of unit root testing in the presence of level shifts” (2006), Statistica. (with I. Georgiev)

- “Limited time series with a unit root” (2005), Econometric Theory, 21, 907-945. [abstract and pdf file, suppl. material]

- “Stationarity tests under time-varying variances” (2005), Econometric Theory, 21, pp. 1112-1129. (with A.M.R. Taylor) [abstract and pdf file]

- “Testing mean reversion in target-zone exchange-rates” (2005), Applied Economics, 37, pp. 2335-2347. [abstract and pdf file]

- “Risk sharing, risk aversion and the stabilization of regional fluctuations in Italy” (2005), Rivista di Politica Economica, May-June 2005, 139-186 (with A. Gardini and L. Fanelli). [in Italian] [abstract and pdf file]

- “Unit root tests under time-varying variances” (2004), Econometric Reviews, 23, pp. 259-292.

- “Testing stationarity under a permanent variance shift” (2004), Economics Letters, 82, pp. 403-408. [abstract and pdf file]

- “Fundamentals and asset price dynamics” (2003), Statistical Methods and Applications, 12, pp. 211-226 (with A. Gardini and M. Costa).

- The asymptotic distribution of the Dickey-Fuller statistic under a non-negativity constraint (2003), Econometric Theory, 19(3), pp. 691-692, Problem 03.3.2., Solution (2004) Econometric Theory, 20(3), pp. 808-810. [abstract and pdf file]

- “Asymptotics for unit root tests under Markov-regime switching” (2003), Econometrics Journal, 6, pp. 193-216. [abstract and pdf file]

- “Bounded integrated processes and unit root tests” (2002), Statistical Methods and Applications, 11, pp. 41-70.

- “Testing the unit root hypothesis using generalized rescaled range statistics” (2001), Econometrics Journal, 4, pp. 70-88. [abstract and pdf file]

- “Advertising effect on primary demand: a cointegration approach” (2001), International Journal of Advertising, 20, pp. 319-339 (with G. Tassinari).

- “The R/S Statistics as a unit root test” (2001), Econometric Theory, 17(2), p. 483, Problem. 01.2.2, Solution (2002) Econometric Theory, 18, pp. 544-545

- “The econometrics of risk sharing tests: a new perspective” (2001), Statistica, LXI , 595-618. (with A. Gardini and L. Fanelli).

- “A new approach to stock price modeling and forecasting” (1999), Journal of the Italian Statistical Society, 8, pp. 25-47 (with A. Gardini, M. Costa).

- “Size effect in the Italian Stock Exchange” (1999), Applied Economics Letters, 6, pp. 729-734, coauthor: M.Costa.

- “Detecting undeclared target zones within the European Monetary System” (1998), Statistica, LVIII, pp. 433-456.

- “Multivariate analysis of financial data” (1997), Statistica applicata - The Italian Journal of Applied Statistics, 9, pp. 219-230. with M. Costa)

- “Asymptotic inference for reflected Brownian motions” (1997), Statistica, LVII, pp. 553-571.

- “Devaluation expectations and the unit root hypothesis: the Italian Lira in the European Monetary System” (1996), Journal of the Italian Statistical Society, 5, pp. 39-71.

- “Determining the number of factors in a generalized factor model” (1995), Statistica, LV, pp. 495-516 [in Italian]

 

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Book reviews


“N. Shephard, Stochastic volatility: selected readings'', Economic Journal, 116, pp. F326-F327.

“I. Karatzas and S.E. Shreve, Methods of mathematical finance”, Statistica, LIX, pp. 303-305.

“J.Y. Campbell, A.W. Lo and A.C. MacKinlay, The econometrics of financial markets”,
Statistica, LVIII, pp. 691--693.
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Books/Lecture notes

- Econometria (2000), vol. I and II, Milano: Franco Angeli (with A. Gardini, M. Costa, L. Fanelli and P.Paruolo) [in Italian]

- Topics in Financial Econometrics (1997), Copenhagen University, pp. IV+148.

- Factor models for financial market analysis (1996), Università di Bologna, pp. IX +168 (with M. Costa) [in Italian]



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Main conference presentations


1st ETSERN meeting, Frankfurt (2008); 62nd European Meeting of The Econometric Society, Budapest (2007); Second Italian Congress of Econometrics and Empirical Economics, Rimini (2007); 61st European Meeting of The Econometric Society, Vienna (2006); XLIII Meeting of the Italian Statistical Society, Turin (2006); First Italian Congress of Econometrics and Empirical Economics, Venice (2005); 59th European Meeting of The Econometric Society, Madrid (2004); 58th European Meeting of The Econometric Society, Stockholm (2003); 57th European Meeting of The Econometric Society, Venice (2002); XLI Meeting of the Italian Statistical Society, Milan (2002); 8th World Congress of the Econometric Society, Seattle (2000); XL Meeting of the Italian Statistical Society, Florence (2000); 52nd Session of the International Statistical Institute, Helsinki (1999); 52nd European Meeting of The Econometric Society,  1997).

 



Main page

Main research interests

Recent working papers

Publications (journals)

Book reviews

Books/lecture Notes


Main conference presentations

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