Guglielmo Maria Caporale Laurea (LUISS, Rome), MSc (LSE), PhD (LSE) Professor of Economics and Finance and Director of CEF Room MJ 251 Telephone +44(0)1895 266713 Fax +44(0)1895 269770 Email guglielmo-maria.caporale@brunel.ac.uk   Personal Web Page
About	Guglielmo Maria Caporale is Professor of Economics and Finance and Director of the Centre for Empirical Finance at Brunel University, London; he is also a Visiting Professor at London South Bank University and London Metropolitan University, a Research Professor at DIW Berlin and a CESifo Research Network 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 the London Business School; Professor of Economics at the University of East London; Professor of Economics and Finance as well as Director of the Centre for Monetary and Financial Economics at London South Bank University.
Research Interests	His research interests include Econometrics, Macroeconomics, Monetary and Financial Economics, International Finance. Professor Caporale has published papers in numerous books and leading academic journals, such as Journal of International Money and Finance, Economics Letters, Canadian Journal of Economics, Journal of Macroeconomics, Econometric Reviews, Oxford Bulletin of Economics and Statistics, Journal of Forecasting, Computational Statistics and Data Analysis, Journal of Empirical Finance, Journal of Financial Econometrics, Southern Economic Journal, Eastern Economic Journal, Quarterly Review of Economics and Finance, Empirical Economics, Scottish Journal of Political Economy, Manchester School of Economic and Social Studies , International Journal of Finance and Economics, Review of International Economics, Review of Financial Economics, Review of Development Economics, Journal of Economic Surveys, Economic Modelling, Journal of Economics and Finance, Journal of Policy Modeling, and Review of World Economics. He is a member of various professional bodies and of the Money, Macro and Finance Research Group (MMFRG) Committee, an active referee for several academic journals, a regular speaker at international conferences, and a consultant to leading companies and international organisations.
Selected Publications	Caporale, G.M. and A. Kontonikas (2009), “The Euro and inflation uncertainty in the European Monetary Union”, forthcoming, Journal of International Money and Finance. Caporale, G.M. and M. Cerrato (2008), “Black market and official exchange rates: long-run equilibrium and short-run dynamics”, Review of International Economics, 16, 3, 401-412. Caporale, G.M. and L.A. Gil-Alana (2008), “Modelling the US, UK and Japanese unemployment rates: fractional integration and structural breaks”, Computational Statistics and Data Analysis, 52, 11, 4998-5013. Caporale, G.M. and L.A. Gil-Alana (2007), “Non-linearities and fractional integration in the US unemployment rate”, Oxford Bulletin of Economics and Statistics, 69, 4, 521-544. Caporale, G.M. and L.A. Gil-Alana (2007), “Long-range forecasting of the S&P 500 stock market index using fractional integration techniques”, Journal of Financial Forecasting, 1, 1, 71-82. Caporale, G.M., Pittis, N. and N. Spagnolo (2006), “Volatility transmission and financial crises”, Journal of Economics and Finance, Fall issue, 30, 3, 376-390. Caporale, G.M., Panopoulou, E. and N. Pittis (2005), “The Feldstein-Horioka puzzle revisited: a Monte Carlo study”, Journal of International Money and Finance, 24, 7, 1143-1149. Caporale, G.M., Cipollini, A. and N. Spagnolo (2005), “Testing for contagion: a conditional correlation analysis”, Journal of Empirical Finance, 12, 3, 476-489. Caporale, G.M, Ntantamis, C., Pantelidis, T. and N. Pittis (2005), “The BDS test as a test for the adequacy of a GARCH(1,1) specification: a Monte Carlo study”, Journal of Financial Econometrics, 3, 2, 1-28 Caporale, G.M., Cipollini, A. and P.O. Demetriades (2005), “Monetary policy and the exchange rate during the Asian crisis: identification through heteroscedasticity”, Journal of International Money and Finance, 24, 1, 39-53 Caporale, G.M. and N. Pittis (2004), “Estimator choice and Fisher’s paradox: a Monte Carlo study”, Econometric Reviews, 23, 1, 25-52