Apostolos Serletis

University of Calgary - Department of Economics

2500 University Drive, NW

Calgary, Alberta T2N 1N4

Canada

  • University of Calgary - Department of Economics

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    • Tel: 403 220-4091
    • Fax: 403 282-5262
SCHOLARLY PAPERS

43

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Scholarly Papers (43)

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1.

Oil Price Uncertainty

Journal of Money, Credit, and Banking, Forthcoming
Number of pages: 42 Posted: 14 Jun 2006 Last Revised: 03 Mar 2010
John Elder and Apostolos Serletis
Colorado State University and University of Calgary - Department of Economics
Downloads 1,851 (15,433)
Citation 45

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Real Options, Oil Volatility, Vector autoregression, Multivariate GARCH-in-Mean VAR.

2.

Volatility in Oil Prices and Manufacturing Activity: An Investigation of Real Options

Macroeconomic Dynamics, Forthcoming
Number of pages: 26 Posted: 15 Jan 2011 Last Revised: 18 Feb 2013
John Elder and Apostolos Serletis
Colorado State University and University of Calgary - Department of Economics
Downloads 172 (288,427)
Citation 2

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oil volatility, uncertainty, multivariate GARCH VAR, real options

3.

Oil Price Shocks in Major Emerging Economies

Number of pages: 23 Posted: 11 May 2020
Nahiyan Faisal Azad and Apostolos Serletis
University of Calgary, Students and University of Calgary - Department of Economics
Downloads 140 (341,988)
Citation 4

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Emerging markets, Oil price uncertainty, GARCH-in-Mean VAR

4.

Energy Sector Pricing: On the Role of Neglected Nonlinearity

Number of pages: 34 Posted: 12 Feb 2009
Catherine Kyrtsou, A. (Tassos) G. Malliaris and Apostolos Serletis
University of Macedonia - Department of Economics, Loyola University Chicago and University of Calgary - Department of Economics
Downloads 139 (343,892)

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Energy, Nonlinearity, Chaotic Dynamics

5.

Cryptocurrency Shocks

Forthcoming in: The Manchester School
Number of pages: 23 Posted: 28 Jan 2021
Jinan Liu, Sajjadur Rahman and Apostolos Serletis
University of Calgary - Department of Economics, Texas A&M University and University of Calgary - Department of Economics
Downloads 133 (355,830)

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Cryptocurrency price shocks, Heteroscedasticity, VAR model

6.

On Interfuel Substitution : Some International Evidence

World Bank Policy Research Working Paper No. 5026
Number of pages: 56 Posted: 20 Apr 2016
Apostolos Serletis, Govinda R. Timilsina and Olexandr Vasetsky
University of Calgary - Department of Economics, World Bank - Development Research Group (DECRG) and affiliation not provided to SSRN
Downloads 133 (355,830)
Citation 3

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Energy Production and Transportation, Environment and Energy Efficiency, Energy and Environment, Energy Demand, Markets and Market Access

7.

Volatility in the Cryptocurrency Market

Open Economies Review (Forthcoming)
Number of pages: 41 Posted: 22 Jul 2019
Jinan Liu and Apostolos Serletis
University of Calgary - Department of Economics and University of Calgary - Department of Economics
Downloads 129 (364,091)
Citation 9

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Cryptocurrency; Financial markets; Spillover effects; GARCH-in-mean model; Asymmetric BEKK model; Volatility transmission

8.

Oil Prices and the Renewable Energy Sector

NHH Dept. of Business and Management Science Discussion Paper No. 2017/15
Number of pages: 41 Posted: 16 Nov 2017
Evangelos Kyritsis, Evangelos Kyritsis and Apostolos Serletis
VATT Institute for Economic ResearchNorwegian School of Economics (NHH) - ENE Research Centre and University of Calgary - Department of Economics
Downloads 102 (431,873)
Citation 3

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Renewable Energy, Transition, Oil Prices, Uncertainty, GARCH-in-Mean Model, Asymmetric Responses

9.

Oil Prices and the Stock Markets: Evidence from High Frequency Data

The Energy Journal, Forthcoming
Number of pages: 30 Posted: 03 Apr 2019
Sajjadur Rahman and Apostolos Serletis
Texas A&M University and University of Calgary - Department of Economics
Downloads 85 (485,659)

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Oil Price Shocks; Heteroscedasticity; VAR Model

10.

150 Years of the Oil Price-Macroeconomy Relationship

Macroeconomic Dynamics, Forthcoming, University of Calgary, Department of Economics, Working Paper 2017-01
Number of pages: 14 Posted: 10 Jan 2017
Apostolos Serletis and Elaheh Asadi Mehmandosti
University of Calgary - Department of Economics and Alzahra University
Downloads 82 (496,219)
Citation 2

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Oil Price Volatility, Real Options, Multivariate GARCH-In-Mean VAR

11.

Electricity Prices, Large-Scale Renewable Integration, and Policy Implications

NHH Dept. of Business and Management Science Discussion Paper No. 2016/18
Number of pages: 36 Posted: 25 Nov 2016
Evangelos Kyritsis, Evangelos Kyritsis, Jonas Andersson and Apostolos Serletis
VATT Institute for Economic ResearchNorwegian School of Economics (NHH) - ENE Research Centre, Norwegian School of Economics (NHH) - Department of Business and Management Science and University of Calgary - Department of Economics
Downloads 78 (511,021)
Citation 6

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Intermittency, Large-scale integration, Merit-order effect, Volatility, GARCH-in-Mean model

12.

How Does the U.S. Natural Gas Market React to Demand and Supply Shocks in the Crude Oil Market?

Forthcoming in: Energy Economics
Number of pages: 24 Posted: 18 Jan 2017
Ali Jadidzadeh and Apostolos Serletis
University of Calgary and University of Calgary - Department of Economics
Downloads 76 (518,730)
Citation 7

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Oil price, Oil price shocks, Structural VAR

13.

Economic Policy Uncertainty and Real Output: Evidence from the G7 Countries

Applied Economics, Forthcoming
Number of pages: 25 Posted: 12 Feb 2018
Khandokar Istiak and Apostolos Serletis
University of South Alabama - Mitchell College of Business - Department of Economics and Finance and University of Calgary - Department of Economics
Downloads 75 (522,568)
Citation 2

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Economic policy uncertainty, Asymmetry, Impulse response test, Vector autoregression

14.

Episodic Nonlinearity in Leading Global Currencies

Number of pages: 27 Posted: 08 Dec 2011
A. (Tassos) G. Malliaris, Apostolos Serletis, Melvin Hinich and Periklis Gogas
Loyola University Chicago, University of Calgary - Department of Economics, University of Texas at Austin - Applied Research Laboratories and Democritus University of Thrace - Department of Economics
Downloads 71 (538,874)

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Global Fi…nancial markets, Currencies, Episodic nonlinearity, Conditional heteroskedasticity

15.

Interest Rates, Money, and Economic Activity

Forthcoming in: Macroeconomic Dynamics
Number of pages: 64 Posted: 21 Oct 2019
Cosmas Dery and Apostolos Serletis
University of Calgary, Students and University of Calgary - Department of Economics
Downloads 70 (542,990)
Citation 2

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Divisia monetary aggregates; Narrow money; Broad money

16.

International Monetary Policy Spillovers

Open Economies Review, Forthcoming
Number of pages: 30 Posted: 29 Jul 2018
Dennis Nsafoah and Apostolos Serletis
University of Calgary and University of Calgary - Department of Economics
Downloads 64 (569,242)
Citation 1

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Monetary Policy Shocks; Monetary Policy Spillovers; Structural GARCH-in-Mean VAR

17.

Monetary Policy and Leverage Shocks

Forthcoming in: International Journal of Finance and Economics, University of Calgary Working Paper 2016-45
Number of pages: 33 Posted: 30 Nov 2016
Khandokar Istiak and Apostolos Serletis
University of South Alabama - Mitchell College of Business - Department of Economics and Finance and University of Calgary - Department of Economics
Downloads 63 (573,823)
Citation 2

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Leverage, Security Broker-Dealers, Asset Pricing, Monetary Policy

18.

Shadow Prices of CO2 Emissions at U.S. Electric Utilities: A Random-Coefficient, Random-Directional-Vector Directional Output Distance Function Approach

Forthcoming in: Empirical Economics
Number of pages: 43 Posted: 20 Jan 2017
Guohua Feng, Chuan Wang and Apostolos Serletis
University of North Texas, Monash University and University of Calgary - Department of Economics
Downloads 57 (602,438)

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Shadow Price of CO2 Emissions; Directional Output Distance Function; Bayesian Estimation

19.

Consumption, Leisure, and Money

Macroeconomic Dynamics (Forthcoming)
Number of pages: 41 Posted: 22 Jul 2019
Apostolos Serletis and Libo Xu
University of Calgary - Department of Economics and Lakehead University - Department of Economics
Downloads 48 (650,798)

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Weak separability; Minflex Laurent functional form; Markov regime switching

20.

The Demand for Banking and Shadow Banking Services

Forthcoming in North American Journal of Economics and Finance
Number of pages: 30 Posted: 28 Dec 2018
Apostolos Serletis and Libo Xu
University of Calgary - Department of Economics and Lakehead University - Department of Economics
Downloads 48 (650,798)

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Minflex Laurent Functional Form; Markov Regime Switching; GARCH; BEKK; Volatility Impulse Response Functions

21.

The Zero Lower Bound and Market Spillovers: Evidence from the G7 and Norway

NHH Dept. of Business and Management Science Discussion Paper No. 2017/7
Number of pages: 51 Posted: 01 Jun 2017
Evangelos Kyritsis, Evangelos Kyritsis and Apostolos Serletis
VATT Institute for Economic ResearchNorwegian School of Economics (NHH) - ENE Research Centre and University of Calgary - Department of Economics
Downloads 47 (656,559)

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Crude oil, Financial markets, Mean and volatility spillovers, Structural breaks, VARMA-BEKK model

22.

Business Cycles and Hydrocarbon Gas Liquids Prices

Journal of Economic Asymmetries, Forthcoming
Number of pages: 55 Posted: 24 Jan 2019
Sayeeda Jahan and Apostolos Serletis
University of Calgary and University of Calgary - Department of Economics
Downloads 44 (674,266)

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Business Cycles; HGL; Stylized Facts; Hamilton Filter; Granger Causality Tests

23.

The Ethanol Mandate and Crude Oil and Biofuel Agricultural Commodity Price Dynamics

Journal of Commodity Markets, Forthcoming
Number of pages: 17 Posted: 29 Jul 2018
Apostolos Serletis and Libo Xu
University of Calgary - Department of Economics and Lakehead University - Department of Economics
Downloads 43 (680,449)
Citation 4

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VEC-GARCH-in-Mean; BEKK Model; Mean and Volatility Spillovers; Structural Breaks

24.

Money Supply Volatility and the Macroeconomy

Forthcoming in: Macroeconomic Dynamics
Number of pages: 16 Posted: 06 Nov 2018
Apostolos Serletis and Libo Xu
University of Calgary - Department of Economics and Lakehead University - Department of Economics
Downloads 42 (686,721)
Citation 1

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CFS Divisia Monetary Aggregates; Markov Regime-Switching; Money Growth Volatility

25.

A Century of Interfuel Substitution

International Center for Emerging Markets Research, RUDN University, Forthcoming
Number of pages: 32 Posted: 09 Oct 2017
A K M Nurul Hossain and Apostolos Serletis
University of Calgary and University of Calgary - Department of Economics
Downloads 39 (706,188)
Citation 3

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Flexible functional forms, NQ expenditure function, Volatility, Interfuel elasticities of substitution

26.

Markov Switching Oil Price Uncertainty

Oxford Bulletin of Economics and Statistics, Forthcoming
Number of pages: 27 Posted: 04 Jan 2019
Apostolos Serletis and Libo Xu
University of Calgary - Department of Economics and Lakehead University - Department of Economics
Downloads 35 (733,852)
Citation 1

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Oil price uncertainty, Real options, GARCH-in-Mean VAR, Markov switching

27.

Monetary Policy Spillovers in Emerging Economies

Forthcoming in: International Journal of Finance and Economics
Number of pages: 47 Posted: 21 Oct 2019
Nahiyan Faisal Azad and Apostolos Serletis
University of Calgary, Students and University of Calgary - Department of Economics
Downloads 34 (740,898)
Citation 3

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In‡flation rate targeting; Exchange rate targeting; Bivariate GARCH-in-Mean VAR.

28.

Interfuel Substitution: Evidence from the Markov Switching Minflex Laurent Demand System with BEKK Errors

The Energy Journal (Forthcoming)
Number of pages: 26 Posted: 22 Jul 2019
Apostolos Serletis and Libo Xu
University of Calgary - Department of Economics and Lakehead University - Department of Economics
Downloads 34 (740,898)
Citation 1

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Minflex Laurent flexible form; Markov regime switching; GARCH; BEKK

29.

The Demand for Assets and Optimal Monetary Aggregation

Journal of Money, Credit and Banking, Forthcoming
Number of pages: 34 Posted: 16 Jul 2018
Ali Jadidzadeh and Apostolos Serletis
University of Calgary and University of Calgary - Department of Economics
Downloads 32 (755,717)
Citation 5

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Barnett Critique; Divisia Monetary Aggregates; Demand for Money; Separability

30.

Recent Monetary Policy and the Credit Card-Augmented Divisia Monetary Aggregates

Number of pages: 40 Posted: 11 May 2020
Jinan Liu, Cosmas Dery and Apostolos Serletis
University of Calgary - Department of Economics, University of Calgary, Students and University of Calgary - Department of Economics
Downloads 30 (771,104)
Citation 1

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Money and business cycles, Divisia monetary aggregates, Credit card-augmented Divisia monetary aggregates.

31.

User Costs, the Financial Firm, and Monetary and Regulatory Policy

Forthcoming in: Macroeconomic Dynamics
Number of pages: 32 Posted: 08 Nov 2018
Maksim Isakin and Apostolos Serletis
Cleveland State University and University of Calgary - Department of Economics
Downloads 30 (771,104)

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Commercial Banks; Generalized Barnett Variable Profit Function; Flexible Functional Forms

32.

Inflation and Economic Activity in Advanced and Emerging Economies

Forthcoming in: International Journal of Finance and Economics
Number of pages: 48 Posted: 28 Jan 2021
Apostolos Serletis and Jinan Liu
University of Calgary - Department of Economics and University of Calgary - Department of Economics
Downloads 29 (778,960)

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Inflation uncertainty, Output, GARCH-in-Mean structural VAR

33.

On the Markov Switching Welfare Cost of Inflation

Forthcoming in: Journal of Economic Dynamics and Control
Number of pages: 48 Posted: 19 Sep 2019
Wei Dai and Apostolos Serletis
University of Calgary and University of Calgary - Department of Economics
Downloads 29 (778,960)

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Welfare Cost of Inflation, Markov Regime Switching, Divisia Money

34.

Money Growth Variability and Output: Evidence with Credit Card-Augmented Divisia Monetary Aggregates

Forthcoming in: Studies in Nonlinear Dynamics & Econometrics
Number of pages: 19 Posted: 13 May 2020
Jinan Liu and Apostolos Serletis
University of Calgary - Department of Economics and University of Calgary - Department of Economics
Downloads 22 (837,245)
Citation 1

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Credit card-augmented Divisia monetary aggregates, Multivariate GARCH-in-mean, Optimal monetary aggregation

35.

Biofuel Substitution in the U.S. Transportation Sector

Forthcoming in: The Journal of Economic Asymmetries
Number of pages: 26 Posted: 07 May 2020
A K M Nurul Hossain and Apostolos Serletis
University of Calgary and University of Calgary - Department of Economics
Downloads 22 (837,245)

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Biofuels, Interfuel substitution, Normalized quadratic

36.

Demand Systems with Heteroscedastic Disturbances

Empirical Economics, Forthcoming
Number of pages: 40 Posted: 25 Oct 2018
Apostolos Serletis and Libo Xu
University of Calgary - Department of Economics and Lakehead University - Department of Economics
Downloads 22 (837,245)
Citation 2

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Flexible functional forms; Demand systems; Volatility

37.

Banking Technology in a Markov Switching Economy

Journal of Macroeconomics, Forthcoming
Number of pages: 36 Posted: 14 Dec 2018
Maksim Isakin and Apostolos Serletis
Cleveland State University and University of Calgary - Department of Economics
Downloads 19 (864,512)

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38.

Conditional Correlation Demand Systems

Computational Economics, Forthcoming
Number of pages: 12 Posted: 02 Dec 2018
Apostolos Serletis and Libo Xu
University of Calgary - Department of Economics and Lakehead University - Department of Economics
Downloads 19 (864,512)

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39.

Consumer Preferences, the Demand for Divisia Money, and the Welfare Costs of Inflation

Journal of Macroeconomics, Forthcoming
Number of pages: 65 Posted: 23 Dec 2022
Apostolos Serletis and Libo Xu
University of Calgary - Department of Economics and Lakehead University - Department of Economics
Downloads 11 (941,898)

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Divisia aggregates; Flexible functional forms; Normalized Quadratic system.

40.

Divisia Monetary Aggregates with Unobserved Assets

Number of pages: 33 Posted: 27 Sep 2023
Maksim Isakin and Apostolos Serletis
Cleveland State University and University of Calgary - Department of Economics
Downloads 6 (986,994)

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Money demand, Unobserved components, Flexible functional forms, Normalized quadratic.

41.

Preface to Money and the Economy

Apostolos Serletis, MONEY AND THE ECONOMY, World Scientific Publishing Co., 2006
Posted: 02 Oct 2009
Apostolos Serletis
University of Calgary - Department of Economics

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Monetary Aggregation, Demand for Money, Demand Systems, Flexible Functional Forms, Welfare Cost of Inflation, Money-Income Causality, Nominal Stylized Facts

42.

Long Memory in Energy Futures Prices

Review of Financial Economics, Vol. 17, No. 2, 2008
Posted: 07 Jul 2008
John Elder and Apostolos Serletis
Colorado State University and University of Calgary - Department of Economics

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Energy, Weak-form market efficiency, Long memory, Fractional integration

43.

Univariate Tests for Nonlinear Structure

Journal of Macroeconomics, Vol. 28, No. 1, 2006
Posted: 24 Jun 2007
Catherine Kyrtsou and Apostolos Serletis
University of Macedonia - Department of Economics and University of Calgary - Department of Economics

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Nonlinearity, Chaos, Self-organized criticality, Mackey-Glass-GARCH