Guglielmo Maria Caporale is Professor of Economics and Finance at Brunel University of London, where previously he was also Divisional Lead for Economics and Econometrics, Director of the Centre for Empirical Finance and Head of the Empirical Finance Research Group. Further, he is a CESifo Research Network Fellow and an RCEA (Rimini Centre for Economic Analysis) Senior Fellow. Prior to taking up his current position, he was a Research Officer at the National Institute of Economic and Social Research in London; a Research Fellow and then a Senior Research Fellow at the Centre for Economic Forecasting at London Business School; Professor of Economics at the University of East London; Professor of Economics and Finance and Director of the Centre for Monetary and Financial Economics at London South Bank University (LSBU). He has also been Visiting Professor at both London Metropolitan University and LSBU, Research Professor at DIW Berlin and an NCID (Navarra Center for International Development) Non-Resident Fellow. He carries out editorial duties for various academic journals (including Journal of International Money and Finance, International Review of Economics and Finance, International Economics, Machine Learning with Applications, Journal of Economics and Finance, SN Business and Economics, International Journal of Financial Studies) and is the Editor-in-Chief of Econometrics. He has published extensively in leading academic journals such as Journal of International Money and Finance, Journal of Banking and Finance, Journal of Empirical Finance, Journal of Futures Markets, Journal of International Financial Markets, Institutions & Money, International Journal of Finance and Economics, European Journal of Finance, International Review of Financial Analysis, Economics Letters, British Food Journal, Finance Research Letters, Journal of Time Series Analysis, Journal of Financial Econometrics, Oxford Bulletin of Economics and Statistics, Econometric Reviews, Journal of Forecasting, Journal of Economic Psychology, Review of International Economics, Canadian Journal of Economics, Journal of Macroeconomics, Quarterly Review of Economics and Finance, International Review of Economics and Finance, Empirical Economics, Journal of Economics and Finance and several others. He has recently edited the "Handbook of Financial Integration" and is currently editing the "Handbook of Climate Change and Financial Markets", both published by Edward Elgar Publishing. Qualifications: Phd Economics (LSE) MSc Economics (LSE) Laurea (Politics, LUISS, Rome)
In recent decades climate change and global warming have become key issues for the planet Earth.
To tackle their negative effects, various commitments have been made by world leaders at meetings sponsored by the UN. In particular, the Paris Agreement signed by 196 countries at COP21 (Conference of the Parties 21) on 12 December 2015 set the goal of reducing greenhouse gas emissions to limit the temperature increase in the current century to 2 degrees Celsius, and also of adopting additional measures to bring it down further to 1.5 degrees.
Climate change and the policies promoting a shift from fossil fuels to renewable energy affect the economy as a whole and financial markets in markets. This project will construct measures for the various types of climate risk with the aim of assessing their impact on the behaviour of financial assets. In particular, both “physical risks” reflecting the economic costs of weather events caused by climate change, and “transition risks” arising from policies promoting a low-carbon economy will be measured, and then their consequences for financial markets will be analysed using suitable econometric methods such as panel data techniques. The analysis will produce a wealth of evidence with important implications for the design of climate policies and a regulatory framework aimed at reducing carbon emissions but also at ensuring financial stability.
How to apply
If you are interested in applying for the above PhD topic please follow the steps below:
- Contact the supervisor by email or phone to discuss your interest and find out if you would be suitable. Supervisor details can be found on this topic page. The supervisor will guide you in developing the topic-specific research proposal, which will form part of your application.
- Click on the "Apply here" button on this page and you will be taken to the relevant PhD course page, where you can apply using an online application.
- Complete the online application indicating your selected supervisor and include the research proposal for the topic you have selected.
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This is a self-funded topic
Brunel offers a number of funding options to research students that help cover the cost of their tuition fees, contribute to living expenses or both. The UK Government is also offering Doctoral Student Loans for eligible students, and there is some funding available through the Research Councils. Many of our international students benefit from funding provided by their governments or employers. Brunel alumni enjoy tuition fee discounts of 15%.
