- Professor
University of Calgary
Department of Economics
Apostolos Serletis
Research Interests
Currently Teaching
| F2024 - ECON 341 - Money and Banking | ||||||||||
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| F2024 - ECON 541 - Monetary Theory | ||||||||||
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| W2025 - ECON 303 - Intermediate Economic Theory - Macroeconomics I | ||||||||||
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| W2025 - ECON 659 - Macroeconomic Theory | ||||||||||
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About Apostolos Serletis
Since receiving his PhD from McMaster University in 1984, Apostolos Serletis has held visiting appointments at the University of Texas at Austin, the Athens University of Economics and Business, and the Research Department of the Federal Reserve Bank of St. Louis.
His teaching and research interest focus on macroeconomics, monetary and financial economics, energy economics, and nonlinear and complex dynamics. He is the author of eight books, including Principles of Economics: Third Canadian Edition, with R. Glenn Hubbard, Anthony Patrick O’Brien, and Jason Childs (Pearson 2021), The Economics of Money, Banking, and Financial Markets: Seventh Canadian Edition, with Frederic S. Mishkin (Pearson, 2020); Macroeconomics: A Modern Approach: First Canadian Edition, with Robert J. Barro (Nelson, 2010); The Demand for Money: Theoretical and Empirical Approaches (Springer, 2007); Financial Markets and Institutions: Canadian Edition, with Frederic S. Mishkin and Stanley G. Eakins (Addison-Wesley, 2004); and The Theory of Monetary Aggregation, co-edited with William A. Barnett (Elsevier, 2000).
Professor Serletis has published more than 200 articles in such journals as the Journal of Economic Literature, Journal of Monetary Economics, Journal of Money, Credit, and Banking, Journal of Econometrics, Journal of Applied Econometrics, Journal of the American Statistical Association, Journal of Business and Economic Statistics, Macroeconomic Dynamics, Journal of Banking and Finance, Journal of Economic Dynamics and Control, Economic Inquiry, Canadian Journal of Economics, Econometric Reviews, and Studies in Nonlinear Dynamics and Econometrics.
Apostolos Serletis is currently the President of the Society for Economic Measurement, Coeditor of Macroeconomic Dynamics and the Journal of Economic Asymmetries, and Associate Editor of Energy Economics and the Open Economies Review. He is a Charter Fellow of the Society for Economic Measurement and a member of its Executive Committee, and also Director of the ICEMR Energy Industry group at RUDN (Moscow).
Current Research:
Demand systems, Flexible functional forms, Monetary aggregation, Interfuel substitation, Volatility modeling.
Upcoming Talks
To be updated.
Past Talks
- August 16-19, 2019 --- Presidential Speech, 6th Annual Conference of the Society for Economic Measurement, Goethe University with co-sponsorship of the European Central Bank, Frankfurt, Germany
- May 29 - 31, 2018 --- VII International Scientific Conference, RUDN University, Moscow, Russia
- June 2-7, 2018 --- Shandong University, Jinan, China
- June 8 - 10, 2018 --- 5th Annual Confernce of the Society for Economic Measurement, Xiamen University, China
- July 26-28, 2017 --- 4th Annual Conference of the Society for Economic Measurement, MIT, Boston, USA
- February 19, 2016 --- Norwegian School of Economics, Bergen, Norway
- July 6-8, 2016 --- Society for Economic Measurement, Thessaloniki, Greece
- August 18-19, 2016 --- Bank for International Settlements CCA Research Network on Commodities, Mexico City, Mexico
Working Papers
#2019-17 - Technical Change in U.S. Industries
By Serletis, Apostolos and Hossain, A K M Nurul
View abstract • View this paper on RePEc
#2019-16 - Interest Rates, Money, and Economic Activity
By Serletis, Apostolos and Dery, Cosmas
View abstract • View this paper on RePEc • Download Paper
#2019-12 - On the Markov Switching Welfare Cost of Inflation
By Serletis, Apostolos and Dai, Wei
View abstract • View this paper on RePEc • Download Paper
#2019-08 - Consumption, Leisure, and Money
By Serletis, Apostolos and Xu, Libo
View abstract • View this paper on RePEc
#2019-06 - Interfuel Substitution: Evidence from the Markov Switching Minflex Laurent Demand System with BEKK Errors
By Serletis, Apostolos and Xu, Libo
View abstract • View this paper on RePEc
Publications
Book
- Hubbard, R. Glenn, O'Brien, Anthony Patrick, Serletis, Apostolos and Childs, Jason. Principles of Economics Pearson, 2021. Print.
- Mishkin, Frederic S. and Serletis, Apostolos. The Economics of Money, Banking, and Financial Markets. Pearson, 2020. Print.
- Serletis, Apostolos. Oil Price Uncertainty World Scientific, 2012. Print.
- Serletis, Apostolos. Interfuel Substitution World Scientific, 2012. Print.
- Barro, Robert J. and Serletis, Apostolos. Macroeconomics: A Modern Approach. Thomson, 2010. Print.
- Serletis, Apostolos. The Demand for Money: Theoretical and Empirical Approaches. Springer, 2007. Print.
- Mishkin, Frederic S., Eakins, Stanley G. and Serletis, Apostolos. Financial Markets and Institutions: Canadian Edition. Pearson, 2004. Print.
Edited Book
- Serletis, Apostolos (ed). Quantitative and Empirical Analysis of Energy Markets: Revised Edition. World Scientific, 2013. Print.
- Serletis, Apostolos (ed). Money and the Economy. World Scientific, 2007. Print.
- Barnett, William A. and Serletis, Apostolos (eds). Functional Structure Inference. Elsevier, 2007. Print.
- Barnett, William A. and Serletis, Apostolos (eds). The Theory of Monetary Aggregation. Elsevier, 2000. Print.
Journal Article
- Dai, Wei and Serletis, Apostolos. "Oil Price Shocks and the Credit Default Swap Market". Open Economies Review 29.2 (2018): 283-293. Print.
- Feng, Guohua and Serletis, Apostolos. "A Primal Divisia Technical Change Index Based on the Output Distance Function". Journal of Econometrics 159. (2010): 320-330. Print.
- Elder, John and Serletis, Apostolos. "Oil Price Uncertainty". Journal of Money, Credit and Banking 42. (2010): 1138-1159. Print.
- Feng, Guohua and Serletis, Apostolos. "Efficiency and Productivity of the U.S. Banking Industry, 1998-2005: Evidence from the Fourier Frontier Function Satisfying Global Regularity Condition". Journal of Applied Econometrics 24. (2009): 105-138. Print.
- Feng, Guohua and Serletis, Apostolos. "Productivity Trends in U.S. Manufacturing: Evidence from the NQ and AIM Cost Functions". Journal of Econometrics 142. (2008): 281-311. Print.
- Barnett, William A. and Serletis, Apostolos. "Consumer Preferences and Demand Systems". Journal of Econometrics 147. (2008): 210-224. Print.
- Hinich, Melvin J. and Serletis, Apostolos. "Episodic Nonlinear Event Detection in the Canadian Exchange Rate". Journal of the American Statistical Association 102. (2007): 68-74. Print.
- Serletis, Apostolos and Shintani, Mototsugu. "Chaotic Monetary Dynamics with Confidence". Journal of Macroeconomics 28. (2006): 228-252. Print.
- Koustas, Zisimos and Serletis, Apostolos. "Rational Bubbles or Persistent Deviations from Market Fundamentals?". Journal of Banking and Finance 29. (2005): 2523-2539. Print.
- Barnett, William A. and Serletis, Apostolos. "Martingales, Nonlinearity, and Chaos". Journal of Economic Dynamics and Control 24. (2000): 703-724. Print.
- Koustas, Zisimos and Serletis, Apostolos. "On the Fisher Effect". Journal of Monetary Economics 44. (1999): 105-130. Print.
- Serletis, Apostolos and Koustas, Zisimos. "International Evidence on the Neutrality of Money". Journal of Money, Credit and Banking 30. (1998): 1-25. Print.
- Serletis, Apostolos. "Random Walks, Breaking Trend Functions, and the Chaotic Structure of the Velocity of Money". Journal of Business and Economic Statistics 13. (1995): 453-458. Print.
- Serletis, Apostolos. "Consumer Theory and the Demand for Money". Journal of Economic Literature 30. (1992): 2086-2119. Print.
- Serletis, Apostolos. "A Dispersion-Dependency Diagnostic Test for Aggregation Error: With Applications to Monetary Economics and Income Distribution". Journal of Econometrics 43. (1990): 5-34. Print.
Journal Articles - Peer Reviewed
- Azad, Nahiyan Faisal and Serletis, Apostolos. "Oil price shocks in major emerging economies". Energy Journal (to appear), Print.
- Azad, Nahiyan Faisal, Serletis, Apostolos and Libo, Xu. "Covid-19 and monetary–fiscal policy interactions in Canada". The Quarterly Review of Economics and Finance 81. (2021): 376-384. Print.
- Azad, Nahiyan Faisal and Serletis, Apostolos. "Market Shocks in the G7 Countries". Open Economies Review, (2021): 1-28. Print.
- Azad, Nahiyan Faisal and Serletis, Apostolos. "Monetary Policy Spillovers in Emerging Economies". International Journal of Finance & Economics 25.4 (2020): 664-683. Print.
- Azad, Nahiyan Faisal and Serletis, Apostolos. "A Century and a Half of the Monetary Base-Stock Market Relationship". The Quarterly Review of Economics and Finance, (2020). Print.
- Azad, Nahiyan Faisal and Serletis, Apostolos. "Emerging Market Volatility Spillovers". The American Economist 65.1 (2020): 78-87. Print.
- Jadidzadeh, Ali and Serletis, Apostolos. "How Does the U.S. Natural Gas Market React to Demand and Supply Shocks in the Crude Oil Market?". Energy Economics, (2017). Print.
Uncategorized
- Jadidzadeh, Ali and Serletis, Apostolos. Sectoral Interfuel Substitution in Canada: An Application of NQ Flexible Functional Forms 2015-04 2016.
- Serletis, Apostolos and Gogas, Periklis. Divisia Monetary Aggregates, the Great Ratios, and Classical Money Demand Functions 2013-02 1969.
- Serletis, Apostolos and Feng, Guohua. Imposing Theoretical Regularity on Flexible Functional Forms 2013-11 1969.
- Feng, Guohua and Serletis, Apostolos. Undesirable Outputs and a Primal Divisia Productivity Index Based on the Directional Output Distance Function 2013-15 1969.
- Efimova, Olga and Serletis, Apostolos. Energy Markets Volatility Modelling using GARCH 2014-39 1969.
- Serletis, Apostolos. Introduction to Macroeconomic Dynamics Special Issue on Complexity in Economic Systems 2014-40 1969.
- Istiak, Khandokar and Serletis, Apostolos. A Note on Leverage and the Macroeconomy 2014-45 1969.
- Heckman, James J. and Serletis, Apostolos. Introduction to Internally Consistent Modeling, Aggregation, Inference, and Policy 2014-73 1969.
- Serletis, Apostolos and Maksim Isakin. Stochastic Volatility Demand Systems 2014-74 1969.
- Chang,Dongfeng and Serletis, Apostolos. Oil, Uncertainty, and Gasoline Prices 2015-02 1969.
- Serletis, Apostolos and Koustas, Zisimos. Monetary Neutrality 2015-06 1969.
- Serletis, Apostolos and Istiak, Khandokar. Are the Responses of the U.S. Economy Asymmetric to Positive and Negative Money Supply Shocks? 2015-17 1969.
- Serletis, Apostolos and Xu, Libo. Volatility and a Century of Energy Markets Dynamics 2016-29 1969.
- Manera, Matteo and Serletis, Apostolos. Introduction to Macroeconomic Dynamics Special Issue on Dynamics of Oil and Commodities Prices 2016-30 1969.
- Pinno, Karl and Serletis, Apostolos. Money, Velocity, and the Stock Market 2016-33 1969.
- Xu, Libo and Serletis, Apostolos. Monetary and Fiscal Policy Switching with Time-Varying Volatilities 2016-34 1969.
- Xu, Libo and Serletis, Apostolos. Communication Frictions, Sentiments, and Nonlinear Business Cycles 2016-35 1969.
- Serletis, Apostolos and Xu, Libo. Financial Frictions and the Fiscal Theory of Price Level Determination 2016-42 1969.
- Serletis, Apostolos. Monetary Policy and Leverage Shocks 2016-45 1969.
- Serletis, Apostolos. 150 Years of the Oil Price-Macroeconomy Relationship 2017-01 1969.
- Jadidzadeh, Ali and Serletis, Apostolos. How Does the U.S. Natural Gas Market React to Demand and Supply Shocks in the Crude Oil Market? 2017-02 1969.
- Serletis, Apostolos and Jadidzadeh, Ali. The Demand for Assets and Optimal Monetary Aggregation 2018-05 1969.
- Serletis, Apostolos and Nsafoah, Dennis. International Monetary Policy Spillovers 2018-06 1969.
- Serletis, Apostolos and Xu, Libo. Demand Systems with Heteroscedastic Disturbances 2018-11 1969.
- Serletis, Apostolos and Isakin, Maksim. User Costs, the Financial Firm, and Monetary and Regulatory Policy 2018-12 1969.
- Serletis, Apostolos and Xu, Libo. Money Supply Volatility and the Macroeconomy 2018-16 1969.
- Serletis, Apostolos and Xu, Libo. Conditional Correlation Demand Systems 2018-17 1969.
- Serletis, Apostolos and Isakin, Maksim. Banking Technology in a Markov Switching Economy 2018-18 1969.
- Serletis, Apostolos and Xu, Libo. Markov Switching Oil Price Uncertainty 2019-02 1969.
- Serletis, Apostolos and Xu, Libo. Interfuel Substitution: Evidence from the Markov Switching Minflex Laurent Demand System with BEKK Errors 2019-06 1969.
- Serletis, Apostolos and Xu, Libo. Consumption, Leisure, and Money 2019-08 1969.
- Serletis, Apostolos and Dai, Wei. On the Markov Switching Welfare Cost of Inflation 2019-12 1969.
- Serletis, Apostolos and Dery, Cosmas. Interest Rates, Money, and Economic Activity 2019-16 1969.
- Serletis, Apostolos and Hossain, A K M Nurul. Technical Change in U.S. Industries 2019-17 1969.
- Chang, Dongfeng (Karen) and Serletis, Apostolos. The Demand for Gasoline: Evidence from Household Survey Data 2012-10 (to appear)
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