bio

Biographical sketch:

DR. JULIEN CHEVALLIER is a Full Professor of Economics (Professeur des Universités) at University Paris VIII, Internal Member of Dionysian Economics Lab (LED), and Affiliated Researcher at IPAG Business School (IPAG Lab). He undertakes research and lectures on empirical finance, applied time-series econometrics, and commodity markets. Dr. Chevallier received his Ph.D. in Economics from the University Paris West in 2008, and his M.Sc. in Economics from the London School of Economics in 2005. Dr. Chevallier has previously held visiting research positions at the Imperial College Business School (London), the Centre for Economic Performance (London School of Economics), Georgetown University, and at the World Bank (Washington DC). Dr. Chevallier is the author of the book Econometric Analysis of Carbon Markets (Springer), as well as the co-author of the Book The Economics of Commodity Markets (Wiley Finance). He has published articles in leading refereed journals, including the Journal of Empirical Finance; International Review of Financial Analysis; Quantitative Finance; Journal of Forecasting; Journal of International Financial Markets; Institutions & Money; European Journal of Operational Research; and Annals of Operations Research. Furthermore, Dr. Chevallier currently serves on the editorial board of several academic journals, among other appointments. His latest book (co-authored) is entitled Pricing and Forecasting Carbon Markets (Springer, 2017).

Julien Chevallier is a pioneer in the empirical research on currently working emissions trading schemes, an instrument initially developed in environmental economics. In particular, his work has focused on the performance of the European Union Emissions Trading Scheme. Dr. Chevallier applies modern financial econometrics tools to examine a broad set of topics related to emissions trading and its theory. His research includes topics, such as drivers and structural changes in carbon prices, the informational efficiency of EU ETS, and cross-market linkages between emissions trading and energy markets. His work provides deep insight into how to examine risk components in carbon prices and the impacts of risks and risk aversion in a trading market where borrowing is possible.

Dr. Chevallier is the 2015 David Pearce Keynote Speaker at the XXI. Annual EAERE conference held in Helsinki (Finland), on the topic “Emissions trading: lessons from the theory and empirics”.

At the XXVI. Annual Symposium of the Society for Nonlinear Dynamics & Econometrics held in Tokyo (March 19-20 2018), Dr. Chevallier is the recipient of the Best SNDE Paper 2017 Award for his work joint with S. Goutte on the estimation of regime-switching Lévy processes following the 2017 FMND Symposium. In 2018, Dr. Chevallier is the recipient of the Best Paper Award for his work entitled "Commodities risk premia and regional integration in gas-exporting countries’" at the International Conference on Energy Finance (ICEF): Frontiers and Future Development, Chinese Academy of Sciences, Beijing, China.

Dr. Chevallier's current scientific activity is centered around the analysis of CO2 trading schemes around the world. Starting with the CO2 permits trading in Europe, Dr. Chevallier's research has moved towards international agreements, regional schemes, and national pilot schemes. The overarching contribution is to reduce the amount of CO2 emitted in the atmosphere, which will accumulate to strengthen the climate change phenomenon. Trading between polluters is key to enhancing the efficiency of the scheme in terms of price discovery, ensuring there is enough liquidity, and a derivatives product market can open to facilitate the transition to a low-carbon society.