Dr Michail Karoglou

Economics, Finance & Entrepreneurship Department

Michail KaroglouPosition: Senior Lecturer in Economics
Phone: +44(0)121 204 3338 
Email:  m.karoglou@aston.ac.uk
Room: SW912 

Michail has joined Aston Business School in 2010 and is currently a Senior Lecturer in Economics and Programme Director for the BSc Mathematics with Economics and  the BSc Business and Mathematics Joint Honours degrees of the Economics, Finance and Entrepreneurship department. He is a Fellow of the Lloyds Banking Group Centre for Business Prosperity. 

 An economist and computer scientist by training his research has been predominantly in the areas of applied macroeconometrics and financial econometrics where he publishes in leading and high visibility international journals although he also enjoys experimenting with more cross-disciplinary topics. His works on non-linear dynamic modelling are well-cited in the academic literature and his recent investigation on the impact of Brexit on the UK inward investment has attracted a lot of attention from the general public. 

Michail has led successfully the £187,243 Knowledge Transfer Partnership (KTP) with the leading Big Data provider, Majestic, the outcome of which, apart from several awards, was evaluated 'Outstanding' by Innovate UK.

He is a Fellow of the Higher Education Academy and is currently the module leader for BS3336 Applied Econometrics and Forecasting and BFM117 Trading Techniques. 

Having led successfully several PhD students to completion, he welcomes potential PhD candidates who are interested in his areas of expertise but also from other areas as long as they can demonstrate willingness and capacity to learn and work with state of the art quantitative methods.

  • PhD in Economics, University of Leicester, UK
  • MSc in Business Analysis and Finance, University of Leicester, UK
  • Ptychio in Computer Science, Hellenic Open University, Greece
  • Ptychio in Economics, Aristotle University of Thessaloniki, Greece
  • Lecturer in Economics, Aston Business School. (2010 - Present)
  • Lecturer in Banking and Finance, Newcastle University. (2008 - 2010)
  • Lecturer in Economics, University of Bath. (2007 - 2008)
  • BS1164, Introduction to Macroeconomics
  • BS3336, Applied Econometrics and Forecasting
  • BUP100, Undergraduate Placement Assessment
  • DISS1, Dissertation Part 1
  • DISS2, Dissertation Part 2
  • DR2SUP, Doctoral Supervision 2
  • Financial econometrics
  • Volatility dynamics
  • Macroeconomic modelling
  • Time series analysis and forecasting
  • Econometrics of Structural Change.
  • BrExit and foreign investment in the UK, with N. Driffield, Journal of Royal Statistical Society: Series C, forthcoming
  • ‘Structural Changes and the Role of Monetary Aggregates’, with R. K. Bissoondeeal and J. Binner, Journal of Financial Stability, forthcoming
  • ‘Credit risk determinants in the banking systems of Eurozone accession countries: the case of Romania and Bulgaria’, with K. Mouratidis and S. Vogiazas, Review of Economic Analysis, 10, 2018
  • ‘Multivariate FIAPARCH modelling with dynamic correlation analysis of financial markets in times of crisis with structural breaks’, with M. Karanassos and S. Yfanti, International Review of Financial Analysis, 45, 2016.
  • ‘Monetary Policy Preferences of the European Monetary Union and the UK’, with P. Arestis and K. Mouratidis, The Manchester School, 84(4), 2016.
  • ‘Breaks in the UK Household Sector Money Demand Function’, with R. Bissoondeeal and A. Mullineux, The Manchester School, 82, 2014.
  • ‘Modelling Returns and Volatilities During Financial Crises: a Time Varying Coefficient Approach’, with M. Karanasos , A. Paraskevopoulos, F.Menla Ali, and S. Yfanti, Journal of Empirical Finance, 29, 2014.
  • ‘Have the GIPSI settled down? Breaks and multivariate stochastic volatility models for, and not against, the European financial integration’, with B. Gebka, Journal of Banking & Finance, 37(9), 2013.
  • ‘Is there life in the old dogs yet? Making break-tests work on financial contagion’, with B. Gebka, Review of Quantitative Finance and Accounting, 40(3), 2013.
  • ‘Risk and Structural Instability in US House Prices’, with B. Morley and D. Thomas, Journal of Real Estate Finance and Economics, 46 (3), pp. 424-436. 2013.
  • ‘Purchasing power parity and structural instability in the US/UK exchange rate’, with B. Morley, Journal of International Financial Markets, Institutions and Money, 22(4), 2012.
  • ‘One Date, One Break?’, with P. Demetriades and S. H. Law, Empirical Economics 41(1), 2011.
  • ‘Forecasting the UK/US exchange rate with divisia monetary models and neural networks’, with R. K. Bissoondeeal and A. Gazely, Scottish Journal of Political Economy 58(1), 2011.
  • ‘Breaking down the non-normality of daily stock returns’ European Journal of Finance 16 (1), 2010.
  • ‘Monetary Variability and Monetary Variables in the Franc Zone’, with S. Coleman, Economic Issues 15(2), 2010.
  • ‘Financial Liberalisation and Stock Market Volatility: The Case of Indonesia’, with G. James, Applied Financial Economics 20(6), 2010. 
  • ‘Stock market efficiency before and after a financial liberalisation reform: Do breaks in volatility dynamics matter?’, Journal of Emerging Market Finance, 8 (3), 2009
  • Programme Director for the Joint Honours Degrees (ongoing)
  • Departmental Research Convener (2014-2017)