The public University of Macau (UM) will host a public lecture by 2003 Nobel laureate in Economic Sciences Robert F. Engle next Monday, where he will discuss climate change, geopolitical uncertainty and their impacts on global financial markets, according to a UM statement earlier this week.
The lecture, titled “Can We Stop Climate Change?”, will be organised by the university’s Faculty of Business Administration (FBA) and held at the Ho Yin Conference Hall on the university campus, the statement said.
Engle, 83, professor emeritus of Finance at the Leonard N. Stern School of Business of New York University (NYU) and co-director of the NYU Stern Volatility and Risk Institute, received the 2003 Nobel Prize in Economic Sciences for his pioneering work on ARCH/GARCH models*, which are widely used to analyse financial market volatility, the statement noted.
In his lecture, Engle, who was born in Syracuse, New York, is expected to explore the relationship between climate change and geopolitical risks, introducing the concept of “global common volatility” to elaborate on how major events such as wars, pandemics and elections can affect global asset markets and investment environments, the statement said, adding that he will also examine the compound and systemic risks associated with climate change, highlighting the growing challenges facing economies and financial systems worldwide.
The event is sponsored by UM’s Development Foundation and will be conducted in English, the statement noted.
The lecture will start at 4:00 p.m. next Monday, and registration is open to the public through UM’s online registration platform at https://umac.questionpro.com.au/t/ARtihZSBlB.
* ARCH (Autoregressive Conditional Heteroskedasticity) and GARCH (Generalised ARCH) are statistical models used to analyse and forecast volatility in time series data. They are foundational tools in finance and econometrics, widely used to predict asset risk, price derivatives, and optimise portfolios. – Gemini
This poster provided by the public University of Macau (UM) yesterday promotes its public lecture slated to be held by 2003 Nobel laureate in Economic Sciences Robert F. Engle of the US next Monday on its campus in Hengqin.
