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Anastasios (Tassos) Malliaris

Title/s:  Professor; Department Chair

Office #:  Schreiber 824

Phone: 312.915.6063

Email: tmallia@luc.edu

About

Professor Malliaris is currently doing research in the area of asset price bubbles and financial instability. The recent Global Financial Crisis demonstrated that the U.S. housing boom during 2001-2007 and the large volume of mortgage backed securities that were issued could not be sustained. When the housing bubble collapsed during 2007, financial markets destabilized particularly when Lehman Brothers declared bankruptcy in September of 2008. An important policy question is: how should monetary policy respond to asset bubbles to prevent financial instability when such bubbles burst.

Watch Professor Malliaris' talk on Interest Rate Spread.

Professional Links

LinkedIn  |  Google Scholar  |  ResearchGate  |  Loyola eCommons

Degrees

Economics

  • PhD, Economics, The University of Oklahoma, 1971
  • MA, Economics, The University of Oklahoma, 1970
  • BA, Economics, Athens School of Economics, 1965

Mathematics

  • PhD, The University of Chicago, 1986
  • MA, The University of Oklahoma, 1972

Academic Honors

  • Honorary Professorship in Economics, Business, & Global Studies, The University of Piraeus, 2018
  • Honorary Doctorate in Finance and Accounting, The University of Macedonia, 2017

Research Interests

  • Stochastic methods
  • Financial economics
  • Futures & Option markets

Professional & Community Affiliations

  • American Economic Association
  • American Finance Association
  • North American Economics and Finance Association
  • Athenian Policy Forum
  • Multinational Finance Association

Professional Activities

Associate Editor of:

  • Journal of Economic Asymmetries
  • International Review of Financial Analysis
  • Multinational Finance
  • European Research Studies

Media Appearances

Featured on Chicago Tonight on WTTW (PBS Chicago)

Courses Taught

  • Economics of E-Commerce
  • Managerial Economics
  • Business Fluctuations
  • International Business Economics
  • Options Markets
  • Futures Markets
  • European Union and Economic Integration

Awards

  • Outstanding Faculty Member of the Year, Loyola University Chicago, 2001

Selected Publications

Refereed Articles

“Where is the Euro Area Headed? Restoration of Price Stability”, Journal of Policy Modeling, 2023 with Mary Malliaris, https://doi.org/10.1016/j.jpolmod.2023.07.008

“House Bubbles, Global Imbalances and Monetary Policy in the U.S.”, Journal of International Money and Finance, volume 138, 2023, co-authored by A. Evgenidis, https://doi.org/10.1016/j.jimonfin.2023.102919

“The Scope and Methodology of Economic and Financial Asymmetries”, Journal of Economic Asymmetries,  volume 27, June 2023, pp. 1-17, co-authored by George Alogoskoufis and Thanasis Stengos. https://doi.org/10.1016/j.jeca.2023.e00297

“Monetary Policy, Financial Shocks and Economic Activity”, Review of Quantitative Finance and Accounting, volume 59, Issue 2, August 2022, pp. 429-456, co-authored by Anastasios Evgenidis https://doi.org/10.1007/s11156-022-01045-z

“Reprint of: Delegated Asset Management and Performance When Some Investors Are Unsophisticated”, Journal of Banking and Finance, July 2022, volume 140, pp. 1-15, co-authored by Steven Malliaris https://doi.org/10.1016/j.jbankfin.2022.106406

“Delegated Asset Management and Performance When Some Investors Are Unsophisticated”, Journal of Banking and Finance, December 2021, volume 133, 106289, pp. 1-15, co-authored by Steven Malliaris, https://doi.org/10.1016/j.jbankfin.2021.106289

Malliaris, A., R. Bhar, M.E. Malliaris.  "What Has Driven the U.S. Monthly Oil Production Since 2009?  Empirical Results from Two Modeling Approaches", Journal of Risk and Financial Management, volume 14(2), 2021, pp. 1-11.

Malliaris, A., R. Bhar.  "Modeling U.S. Monetary Policy During the Great Financial Crisis and Lessons for COVID-19", Journal of Policy Modeling, volume 43, January-February 2021, pp. 15-33.

Malliaris, A., A. Evgenidis.  "To Lean or Not to Lean Against an Asset Price Bubble?  Empirical Evidence", Economic Inquiry, volume 58(4), 2020, pp. 1958-1976.

Malliaris, A., M.E. Malliaris.  "The Impact of the Twin Financial Crises", Journal of Policy Modeling, volume 42(4), July-August 2020, pp. 878-892.

Malliaris, A., M.E. Malliaris.  "The Global Price of Oil, QE and the U.S. High Yield Rate", The Journal of Economic Studies, volume 47(7), 2020, pp. 1849-1860.

Malliaris, A., G. Chalamandaris.  "Itô’s Calculus and the Derivation of the Black–Scholes Option-Pricing Model” in C. F. Lee and John Lee, editors, Handbook of Financial Econometrics, Mathematics, Statistics, and Machine Learning, World Scientific, 2020, pp. 1025-1074.

Malliaris, A., M.E. Malliaris.  “Neural Networks Highlight Pricing Differences as Regimes Shift”, South East Decision Sciences Institute Proceedings, Savannah, Georgia, February 20-23, 2019, with Mary Malliaris. 

Malliaris, A., G. Kaufman, R.W. Nelson.  “Housing and Other Price Bubbles: The Buildup, the Burst, and the Impact” in Douglas Evanoff, George Kaufman and A. G. Malliaris, co-editors, INNOVATIVE MONETARY POLICIES AND THE GLOBAL FINANCIAL CRISIS, World Scientific Publishers, January 2019.

Malliaris, A. INNOVATIVE FEDERAL RESERVE POLICIES DURING THE GREAT FINANCIAL CRISIS, D. Evanoff, G. Kaufman, and A.G. Malliaris, co-editors, Now Publishers and World Scientific Publishing, January 2019.

Malliaris, A. “The Evolving Nature of Asset Price Bubbles, Financial Instability and Monetary Policy”, Multinational Finance Journal, October 2018, volume 22, pp. 35-62.

Malliaris, A., R. Bhar. "Asset Price Momentum and Monetary Policy: Time-varying Parameter Estimation of Taylor Rules." Applied Economics. (2016).  DOI: 10.1080/000364846.2016.1176117.

Malliaris, A., M.E. Malliaris, R. Bhar. "Quantitative Easing and the U.S. Stock Market: A Decision Tree Analysis". Review of Economic Analysis. Volume 7. (2015). 135-156.

Malliaris, A., M.E. Malliaris, R. Bhar. " The Impact of Large-scale Asset Purchases on the S&P 500 index, Long-term Interest Rates and Unemployment. Applied Economics. Volume 47, issue 55 (2015). 6010-6018.

Malliaris, A., M.E. Malliaris. "What Drives Gold Returns? A Decision Tree Analysis." Financial Research Letters. Volume 13, May (2015). 45-53. DOI:10.1016/j.frl.2015.03.004.

Malliaris, A., M.E. Malliaris.  “N-tuple S&P 500 index patterns across decades, 1950s to 2011.” Central European Journal of Operations Research. 22.2 (2014). 339-353.

Malliaris, A., M.E. Malliaris. “Are Oil, Gold and the Euro Inter-related? Time Series and Neural Network Analysis.” Review of Quantitative Finance and Accounting. 40 (2013). 1-14.

Malliaris, A., M.E. Malliaris.  "Are Foreign Currency Markets Interdependent? Evidence from Data Mining Technologies." Stochastics, Finance and Risk. 2 (2012). 31-47.

Malliaris, A., A. Serletis., M. Hinich, & P. Gogas. "Episodic Nonlinearity in Leading Global Currencies." Open Economies Review. 23 (2012). 337-357.

Malliaris, A., R. Gyorgy. "Principles for Drafting an Investment Policy With Illustrations." International Journal of Portfolio Analysis and Management. 1 (2012). 144-160.

Malliaris, A., M. Hayford. "Causes of the Financial Crisis and the Great Recession: The Role of U.S. Monetary Policy." Journal of Economic Asymmetries  8.2 (2011). 73-90.

Malliaris, A., R. Bhar. "Dividends, Momentum and Macroeconomic Variables as Determinants of the U.S. Equity Premium Across Economic Regimes." Review of Behavioral Finance. 3 (2011). 27-53.

Malliaris, A., R. Bhar "Oil Prices and the Impact of the Financial Crisis of 2007-2009."&nbspEnergy Economics. 33 (2011). 1049-1054.

Malliaris, A., M. Hayford. "Transparent U.S. Monetary Policy: Theory and Tests."Applied Economics. 44.7 (2011). 813-824.

Malliaris, A., M. Hayford. "Asset Prices and the Financial Crisis of 2007-2009: Overview of Theories and Policies." Forum for Social Economics. 39 (2010). 279-286.

Malliaris, A., M. Corazza, E. Scalco. "Non-linear Bivariate Comovements of Asset Prices: Methodology, Tests and Applications." Computational Economics. 35 (2010). 1-23.

Malliaris, A., B. Galperin, D. LeClair, E. Simendinger. "Attributes of Effective Business Teachers." Academy of Educational Leadership Journal. 13.3 (2009). 107-130.  

Malliaris, A., M.E. Malliaris. "'Modelling Federal Funds Rates: A Comparison of Four Methodologies'." Neural Computing and Application. 18.1 (2009). 37-44.  

Malliaris, A. , A. Serletis, C. Hyrtsou. "Energy Sector Pricing: On the Role of Neglected Nonlinearity." Energy Economics. 31 (2009). 492-502. 

Malliaris, A., C. Kyrtsou. "'Energy Sector Pricing and Macroeconomic Dynamics: Editorial Introduction of the Special Issue." Energy Economics. 31.6 (2009). 825-826.  

Malliaris, A., C. Kyrtsou. "The Impact of Information Signals on Market Prices when Agents have Non-linear Trading Rules." Economic Modeling. 26.1 (2009). 167-176.  

Malliaris, A., B. Batavia. "The Dollar, the Euro and the Role of Emerging Economies." International Journal of Indian Culture and Business Management. 2.1 (2008). 11-29.  

Malliaris,  A. Kondonassis, C. Paraskevopoulos. "NAFTA: Past and Future." Journal of Economic Asymmetries. 5 (2008). 13-23.  

Malliaris, A., M.E. Malliaris. "Modeling Federal Funds Rates: A Comparison of Four Methodologies." Neural Computing and Application. (2008).  

Malliaris, A., M.E. Malliaris. "Investment Principles for Individual Retirement Accounts." Journal of Banking & Finance. 32 (2008). 393-409.  

Malliaris, A. "Revisiting U.S. Stock Market Returns: Individual Retirement Accounts." Advances in Investment Analysis and Portfolio Management. (2007).  

Malliaris, A. "U.S. Inflation and Commodity Prices: Analytical and Empirical Issues." Journal of Macroeconomics. 28 (2006). 267-271.  

Malliaris, A., R. Bhar. "Speculative Non-Fundamental Components in Mature Stock Markets: Do They Exist and Are They Related?" Advances in Quantitative Analysis of Finance and Accounting. 3 (2006). 217-246.  

Malliaris, A., M. Hayford. "How Did the Fed React to the 1990s Stock Market Bubble? Evidence from an Extended Taylor Rule." European Journal of Operational Research. 163 (2005). 20-29.  

Malliaris, A., M. Hayford. "Recent Monetary Policy in the U.S.: Risk Management of Asset Bubbles." Journal of Economic Asymmetries. 2 (2005). 25-39.  

Malliaris, A., A. Kondonassis, & C. Paraskevopoulos. "Asymmetrical Economic and Institutional Changes in the Western Balkans: Cooperation with the European Union." European Research Studies. 8 (2005). 43-63.  

Books

Malliaris, A., Kaufman, G., Evanoff, D. Innovative Federal Reserve Policies During the Great Financial CrisisNow Publishers and World Scientific Publishing, January 2019.

Malliaris, A., Kaufman, G., Evanoff, D. Innovative Federal Reserve Policies During The Great Financial Crisis, Now Publishers and World Scientific Publishing, 2018.

Malliaris, A., Kaufman, G., Evanoff, D. Public Policy And Financial Economics: in Honor of Professor George G. Kaufman for His Lifelong Contributions. World Scientific Publishing, 2017.

Malliaris, A., Leslie Shaw, Hersh Shefrin. The Global Financial Crisis and Its Aftermath: Hidden Factors in the Meltdown. Oxford University Press, 2016. 

Malliaris, A., William Ziemba. World Scientific Publishing Company Handbook on Futures Markets. World Scientific Publishing Co., 2016.

Malliaris, A., A. Jalilvand. Risk Management and Corporate Governance. Routledge Taylor & Francis Group,  2012.

Malliaris, A., D. Evanoff, G. Kaufman. New Perspectives on Asset Price Bubbles: Theory, Evidence and Policy. Oxford University Press, 2012.

Malliaris, A. Economic Uncertainty, Instabilities and Asset Bubbles. World Scientific Publishing Company, 2005.  

Malliaris, A., W.A. Brock. Stochastic Methods in Economics and Finance. Translation into Chinese, published by The Shanghai People's Publishing House, P.R. China, 2004. 

Book Chapters 

“Housing and Other Price Bubbles: The Buildup, the Burst, and the Impact” in Douglas Evanoff, George Kaufman and A. G. Malliaris, co-editors, INNOVATIVE MONETARY POLICIES AND THE GLOBAL FINANCIAL CRISIS, World Scientific Publishers, January 2019, with George Kaufman and Richard W. Nelson.

Malliaris, A. “Ito's Calculus and the Derivation of the Black-Scholes Option Pricing Model.” Security Analysis and Portfolio Management. Eds. C.F.Lee, Joseph Finnerty and Donald Wort.  Scott, Foresman, Little and Brown, 2013. 1081-1116.

Malliaris, A., S.H. Lee. “Markets and International Interest Rate Parity.” Survey of International Finance. Eds. Kent Baker and Leigh Riddick. Oxford University Press, 2013. 37-61.

Malliaris, A. “Asset Price Bubbles and Central Bank Policies: The Crash of the Jackson Hole Consensus.” New Perspectives on Asset Price Bubbles: Theory, Evidence and Policy. Eds. A. G. Malliaris, Doug Evanoff and George Kaufman. Oxford: Oxford University Press, 2012. 407-422.

Malliaris, A., M.E. Malliaris. “When Non-Randomness Appears Random.” Progress in Financial Markets Research. Eds. Catherine Kyrtsou and Costas Vorlow. Nova Science Publishers, 2012. (4) 71-82.

Malliaris, A., G.G. Kaufman, D. Evanoff. “New Perspectives on Asset Price Bubbles: An Overview.” New Perspectives on Asset Price Bubbles: Theory, Evidence and Policy. Eds. A. G. Malliaris, Doug Evanoff and George Kaufman. Oxford: Oxford University Press, 2012. 3-10.

Lash, N., A. Malliaris, B.N. Batavia. “The Global Financial Crisis of 2007-2009: Microeconomic and Macroeconomic Causes and their Global Effects.” Policy Studies for the Greek and International Economy. Ed. Nicholas Baltas. Athens: Sideris Publishers, 2012. 187-202.

Malliaris, A., M.E. Malliaris. “Gold, Oil and the Euro: Are these Markets Inter-Related?” Crossing Borders: Global Prospects, New Perspectives and Emerging Agendas. Eds. B.Batavia, P. Nandakumar, and C. Wague. North Waterloo Academic Press, 2010.  133-144.

Malliaris, A., G. Chalamandaris. “Ito's Calculus and the Derivation of the Black-Scholes Option Pricing Model.” Handbook of Quantitative Finance. Eds. C.F. Lee and Alice Lee. Springer, 2010. 447-470.

Malliaris, A., A.  Jalilvand. “Sequence of Asset Bubbles and the Global Financial Crisis.” Lessons from the Financial Crisis: Causes, Consequences, and Our Economic Future. Ed. Robert Kolb. Hoboken, New Jersey: John Wiley and Sons, Inc., 2010. 139-145.

Malliaris, A., G. Chalamandaris. “Stochastic Processes and Models.” Financial Derivatives: Pricing and Risk Management. Eds. Robert Kolb and James Overdahl. Hoboken, New Jersey: John Wiley and Sons, Inc., 2010. 455-475.

Malliaris, A. “The Black-Scholes Option Pricing Model.” Financial Derivatives: Pricing and Risk Management. Eds. Robert Kolb and James Overdahl. Hoboken, New Jersey: John Wiley and Sons, Inc., 2010. 371-385.

Malliaris, A., G.G. Kaufman. “The Financial Crisis of 2007-09: Missing Financial Regulation or Absentee Regulators?” Lessons from the Financial Crisis:  Causes, Consequences, and Our Economic Future. Ed. Robert Kolb. Hoboken, NJ: John Wiley and Sons, Inc., 2010. 337-343.

Malliaris, A., M.D. Hayford. “The Risk Management Approach to Monetary Policy.” Lessons from the Financial Crisis: Causes, Consequences, and Our Economic Future. Ed. Robert Kolb. Hoboken, New Jersey: John Wiley and Sons, Inc., 2010. 467-473.

Malliaris, A., M.D. Hayford. “Central Bank Transparency:  Theory and Tests.” The Global Economics of a Changing Environment. Eds. James Brox and Nicholas Baltas. Waterloo, Ontario: North Waterloo Academic Press, 2009. 3-14.

Malliaris, A. “Stochastic Optimal Control.” The New Palgrave Dictionary of Economics. Ed. Steven Durlauf. 2008.

Malliaris, A., M.D. Hayford. “Uncertainty, Transparency and Future Monetary Policy.” Financial Institutions and Markets: Current Issues in Financial Markets. Eds. Robert Bliss and George Kaufman. Palgrave Publishing, 2008. 127-152.

Malliaris, A. "The Black-Scholes Option Pricing Model.",  Companion to Financial Derivatives. 2008.  

Malliaris, A., G. Chalamandaris. "Ito's Calculus and the Derivation of the Black-Scholes Option Pricing Model." Handbook of Quantitative Finance. 2008.  

Malliaris, A., G. Chalamandaris. "Stochastic Processes and Models.",  Companion to Financial Derivatives. 2008.  

Malliaris, A. "Wiener Process."  The New Palgrave Dictionary of Economics. Ed. Steven Durlauf, 2008.  

Malliaris, A., M. Hayford. "Uncertainty, Transparency and Future Monetary Policy." Current Issues in Financial Markets. 2008.  

Malliaris, A., A. Kondonassis, C. Paraskevopoulos. "Agricultural Development, Industrialization and Economic Integration in Less Developed Countries: Lessons of Experience."  Globalization and Governance in the 21st Century. 2007.  

Malliaris, A., C. Paraskevopoulos, A. Kondonassis. "NAFTA: Past, Present and Future.",  Proceedings of Selected Papers from a Conference of the Athenian Policy Forum and Loyola University Chicago on Asymmetries in Globalization: Opportunities and Risks. 2007. 9-18.  

Malliaris, A., M.E. Malliaris "A Taylor Rule With Monthly Data.",  Globalization, Governance and Public Policy. Ed. Peter Koveos. Waterloo, Ontario: North Waterloo University Press, 2007.  255-260.

Malliaris, A., A. Kondonassis,  C. Paraskevopoulos. "Competition Among Global Currencies."  Globalization and Governance in the 21st Century. 2007.  

Malliaris, A., M.E. Malliaris. "Monthly Taylor Rules.",  Globalization and Governance in the 21st Century. 2007.  

Malliaris, A., A. Kondonassis, C. Paraskevopoulos. "Agricultural Development, Industrialization and Economic Integration in Less Developed Countries: Lessons of Experience."  Globalization, Governance and Public Policy. Eds. James Brox and Peter Koveos. Waterl00, Ontario: North Waterloo University Press , 2007. 65-68.  

Malliaris, A., A. Kondonassis, C. Paraskevopoulos. “Competition Among Global Currencies.” Globalization and Governance and Public Policy. Eds. James Brox and Peter Koveos. Waterloo, Ontario: North Waterloo University Press, 2007. 131-146.

Malliaris, A., M.E. Malliaris. “Modeling Short-Term Interest Rates:  A Comparison of Methodologies.” IJCNN 2007 Conference Proceedings. Orlando, Florida. 2007.

Malliaris, A. "Global Financial Instability and the Role of the Euro, the Renminbi and the Dollar."  Proceedings of the Annual Conference of the Association for Global Business. 2006.  

Malliaris, A., M. Hayford. "Rethinking Monetary Stabilization in the Presence of an Asset Bubble: Should the Response be Symmetric or Asymmetric?"  Global Divergence in Trade, Money and Policy. 2006. 172-191.  

Malliaris, A., M.E. Mailliaris. "Performance of Individual Retirement Accounts."  Risk Measurement and Control Proceedings, Vol. 3. New Tools in Risk Measurement and Asset Allocation. 2006.  

Malliaris, A. "Stochastic Optimal Control."  The New Palgrave Dictionary of Economics. 2006.  

Malliaris, A. "Wiener Process."  The New Palgrave Dictionary of Economics. 2006.  

Malliaris, A., M.E.  Malliaris. "When Non-Randomness Appears Random."  Progress in Financial Markets Research. 2006.  

Malliaris, A. "The Global Monetary System and the Role of the Major Economic Areas." Proceedings of the Annual Conference of the Association for Global Business. 2005.  

Malliaris, A. "Economic Uncertainty: An Overview."  Economic Uncertainty, Instabilities and Asset Bubbles. 2005.  

Presentation of Papers

Central Bank Digital Currencies: Foundational Issues and Prospects Looking Forward”, The Athenian Policy Forum International Conference, The University of Piraeus & the American College of Greece, Athens, Greece June 30, July 1, 2023, with George Bitros.

“Central Bank Digital Currencies: Key Issues and an Accommodating Model of Athenian Decent”, Leading and Managing in the Digital Era Conference: Shaping the future of Work and Business Education, The Athens University of Economics and Business and the Stevens Institute of Technology, Athens and Syros, Greece, June 19-23, 2023, with George Bitros.

“U.S. Inflation, the Fed and Recession Risks”, LEMMA Insurance Brokerage and Risk Consulting Conference, Four Seasons Hotel, Chicago, Illinois, September 8, 2022.

“Global Sanctions”, The 17th University of Piraeus Executive MBA Visit to Quinlan, Wintrust Hall, Chicago, Illinois, April 26, 2022.

“Modeling Oil Pricing Across Different Regimes: A Neural Network Methodology”, 31st Euro Conference on Operational Research, Athens, Greece, July 11-14, 2021, with Mary Malliaris.

“Why Does Europe Grow More Slowly Than the U.S.? Comparisons Before and After the Global Financial Crisis”, The ASSA 2020 Annual Meeting and the Society of Policy Modeling, San Diego, CA: January 3-5, 2020.

The U.S. Economy and Global Trade Uncertainty”, The 16th University of Piraeus
Executive MBA Visit to Quinlan, Wintrust Hall, Schreiber Center, December 2, 2019.

“The U.S. High Yield Spread and the Global Price of Oil: 2003-2018”, Sixth Annual Conference of the Society for Economic Measurement, Goethe University, Frankfurt, Germany, August 15 -18, 2019, with Mary Malliaris.

“To Lean or not to Lean Against Asset Price Bubbles? Empirical Evidence”, World Finance Conference, Santiago, Chile, July 25-27, 2019, with A. Evgenidis.

“Was the Global Price of Oil Impacted by U.S. Unconventional Monetary Policy?”, 26th Annual Conference of the Multinational Finance Society, Jerusalem, Israel, June 30- July 3, 2019 with Mary Malliaris.

“Short Selling, Trading Activity and Volatility in Corporate Bond Market: Discussion”, 26th Annual Conference of the Multinational Finance Society, Jerusalem, Israel, June 30 - July 3, 2019.

“How Tariffs Can Impact your Business: A Panel Presentation and Discussion”, Wintrust Commercial Banking 2019 Business Breakfast Series, Chicago, Illinois, April 16, 2019.

“Neural Networks Highlight Pricing Differences as Regimes Shift”, Southeast Decision Sciences Institute Conference, Savannah, Georgia, February 20-23, 2019 with Mary Malliaris.

“The U.S. Economy and Global Uncertainty”, The University of Piraeus EMBA Visit to Quinlan School of Business, Chicago, Illinois, December 3, 2018.

Performance and Challenges of the U.S. Economy”, The Law & Economics Group of the University of Piraeus, Quinlan School of Business, Chicago, Illinois, October 1, 2018.

“The Evolving Nature of Asset Price Bubbles, Financial Instability and Monetary Policy”, The 14th Biennial Athenian Policy Forum Conference, The University of Piraeus, Piraeus, Greece, July 6-8, 2018.

“U.S. Quantitative Policies and the Global Price of Oil”, The 14th Biennial Athenian Policy Forum Conference, The University of Piraeus, Piraeus, Greece, July 6-8, 2018, with Mary Malliaris.

“Globalism, Nationalism, and the U.S. Economy”, Summer Session of the University of Piraeus EMBA, Hinitsa, Greece, July 4, 2018.

“The Global Financial Crisis: Real vs. Financial Cycles” Presentation at the Honorary Professorship Ceremony, The University of Piraeus, Piraeus, Greece, June 28, 2018.

“U.S. Quantitative Easing and the Global Price of Oil: Unintended Consequences”, 25th Annual Conference of the Multinational Finance Society, Budapest, Hungary, June 24-27, 2018, with Mary Malliaris.

“Information Content of the Limit Order Book for the Crude Oil Futures: Discussion”, 25th Annual Conference of the Multinational Finance Society, Budapest, Hungary, June 24-27, 2018.

“The Global Financial Crisis: Asset Bubbles, Financial Instability and Monetary Policy”, The University of Macedonia, Thessaloniki, Greece, December 19, 2017.

“The U.S. and the Global Economies: Outlook and Risks”, The University of Piraeus Executive MBA, Chicago, Illinois, December 4, 2017.

"2017-18 Global Economic Outlook”, Summit: Supply and Value Chain Center, Quinlan School of Business, Chicago, Illinois, October 16, 2017.

“Asset Price Bubbles: What Role for MacroPrudential and Monetary Policies?” 24th Annual Conference of the Multinational Finance Society, InterContinental Hotel, Bucharest, Romania, June 25-28, 2017, with Douglas Evanoff.

“Over-Confidence, Sentiment and Beta Herding: A Discussion”, 24th Annual Conference of the Multinational Finance Society, InterContinental Hotel, Bucharest, Romania, June 25-28, 2017.

“The Impact of the Global Financial Crisis on the Oil Market: A Neural Network Approach”, 24th Annual Conference of the Multinational Finance Society, InterContinental Hotel, Bucharest, Romania, June 25-28, 2017, with Mary Malliaris.

“Asset Price Bubbles and Public Policy”, Public Policy and Financial Economics: A Conference in Honor of Professor George G. Kaufman for His Professional Lifelong Contributions and Forthcoming Retirement, Center for Financial and Policy Studies, Quinlan School of Business and the Federal Reserve Bank of Chicago, Chicago, Illinois, November 17- 18, 2016, with Douglas Evanoff.

“Economic Stagnation: Analysis and Future Scenarios”, Quinlan School of Business Board of Advisors Meeting, Chicago, Illinois, September 20, 2016.

"Forecasting Movements in Oil Spot Prices using Data Mining Methods," The 12th International Conference on Data Mining, World Congress in Computer Science, Las Vegas, Nevada, July 25, 2016 with Mary Malliaris.

“Understanding Financial Risk Through Complexity: Applications to Real Time Series”, 13th Biennial Athenian Policy Forum Conference, Athens, Greece, July 6-9, 2016, with Catherine Kyrtsou and Christina Mikropoulou.

“Slowdown of Global Growth: Causes and Remedies. Roundtable Session II”, at the 13th Biennial Athenian Policy Forum Conference, Athens, Greece, July 6-9, 2016.

“Financial Instability and Economic Stagnation”, 13th Biennial Athenian Policy Forum Conference, Athens, Greece, July 6-9, 2016.

“Forecasting Precious Metals Using Data Mining Techniques”, 13th Biennial Athenian Policy Forum Conference, Athens, Greece, July 6-9, 2016, with Mary Malliaris

“The Housing Price Bubble: The Buildup, the Burst, and the Impact”, Annual Meetings of the Western Economic Association, Portland, Oregon, June 30 – July 3, 2016, with George Kaufman and Richard Nelson.

“Effectiveness of Monetary Policy During Economic Stagnation”, University of Piraeus Executive MBA Alumni Event, Athens, Greece, June 30, 2016.

“Financial Instability and the Liquidity Trap”, 23rd Annual Conference of the Multinational Finance Society, Stockholm School of Business, Stockholm, Sweden, June 26-29, 2016.

“Brexit: Implications for the EU Special Panel Session”, 23rd Annual Conference of the Multinational Finance Society, Stockholm School of Business, Stockholm, Sweden, June 26-29, 2016.

“Gold & Silver Direction Forecasts Using Decision Trees Built on Clusters”, 23rd Annual Conference of the Multinational Finance Society, Stockholm School of Business, Stockholm, Sweden, June 26-29, 2016, with Mary Malliaris.

Shock and Shock Absorbers in Japanese Bonds and Banks During the Global Financial Crisis: A Discussion”, 23rd Annual Conference of the Multinational Finance Society, Stockholm School of Business, Stockholm, Sweden, June 26-29, 2016.

“Economic Inequality and Education”, Panel Discussion on Redressing Economic Inequality; The Business and Benefits of Social Justice, Quinlan School of Business, Chicago, Illinois, April 21, 2016,

“Monetary Policy and the Bond Market”, Advantage Futures Seminar, 231 South LaSalle Street, Chicago, Illinois, October 22, 2015.

“Understanding Financial Risk Through Complexity: Application to Real Time Series”, Second International Conference of the Society for Economic Measurement, OECD Conference Center, Paris, France, July 22-24, 2015, with Catherine Kyrtsou and Christina Mikropoulou.

“Currency Wars and Global Financial Instabilities”, 22nd Annual Conference of the Multinational Finance Society, Porto Carras, Halkidiki, Greece, June 28-July 1, 2015.

“The Impact of Large-Scale Asset Purchases on the S&P 500 Index, Long-term Interest Rates and Unemployment”, 22nd Annual Conference of the Multinational Finance Society, Porto Carras, Halkidiki, Greece, June 28-July 1, 2015, with Ramaprasad Bhar and Mary Malliaris.

“Informational Content of Monday Returns and the Role of Dynamic Invariants”, 22nd Annual Conference of the Multinational Finance Society, Porto Carras, Halkidiki, Greece, June 28-July 1, 2015, with C. Kyrtsou and Ch. Mikropoulou.

”What Drives Exchange Rates: Discussion”, 22nd Annual Conference of the Multinational Finance Society, Porto Carras, Halkidiki, Greece, June 28-July 1, 2015.

“Asymmetries in Global Financial Markets”, Millennium Decennium Conference at the University of Antwerp, Antwerp, Belgium, March 13 and 14, 2015.

“Global Monetary Instability and Currency Wars”, Midwest Finance Association Annual Meeting, Chicago, Illinois, March 4-7, 2015.

“Equity Risk Premium and the Stochastic Discount Factor: Computational Issues”, Conference on Recent Developments in Financial Econometrics and Applications, Centre for Financial Econometrics, Faculty of Business and Law, Deakin University, December 4-5, 2014, Victoria, Australia, with Ramaprasad Bhar.