Articles
Palazzi, R. B., Schich, S., & de Genaro A. (2025). Stablecoins as anchors? Unraveling information flow dynamics between pegged and unpegged crypto-assets and fiat currencies. Journal of International Financial Markets, Institutions and Money. https://doi.org/10.1016/j.intfin.2024.102108
Palazzi, R. B., Assaf, A., & Klotzle, M. C. (2023). Dynamic connectedness between energy markets and the Brazilian cash market: An empirical analysis pre‐ and post‐COVID‐19. Journal of Futures Markets. https://doi.org/10.1002/fut.22463
Coelho dos Santos, M. B., Klotzle, M. C., & Baptista Palazzi, R. (2024). The effect of oil discovery in Brazil: A synthetic control approach. Resources Policy, 92, 105033. https://doi.org/10.1016/j.resourpol.2024.105033
Schlömer, J. B., Palazzi, R. B., & Klotzle, M. C. (2024). Near-term forward rate spread and commodity index relationship with real economic activity in Brazil. Finance Research Letters, 65, 105483. https://doi.org/10.1016/j.frl.2024.105483
Assaf, A., Klotzle, M. C., Palazzi, R. B., & Demir, E. (2025). Connectedness across environmental, social, and governance (ESG) indices: Evidence from emerging markets. Research in International Business and Finance. https://doi.org/10.1016/j.ribaf.2024.102596
de Almeida, I. N., Palazzi, R. B., Klotzle, M. C., Pinto, A. C. F., & Gomes, L. L. (2024). Beyond Hype: Unveiling the herd effect in ESG and non-ESG cryptocurrency portfolios. Finance Research Letters, 65, 105500. https://doi.org/10.1016/j.frl.2024.105500
Palazzi, R. B., Quintino, D. D., Ferreira, P. J. S., & Bekun, F. V. (2024). Exploring the potential of the carbon credit program for hedging energy prices in Brazil. Environmental Science and Pollution Research, 31(13), 20678–20688. https://doi.org/10.1007/s11356-024-32387-x
Palazzi, R et al. (2022). The sugar-ethanol-oil nexus in Brazil: Exploring the pass-through of international commodity prices to national fuel prices. Journal of Commodity Markets. ahead of print. https://doi.org/10.1016/j.jcomm.2022.100257
Palazzi, R. B., Macaira, P., Meira, E., & Klotzle, M. (2021, December). Forecasting Commodity Prices in Brazil Through Hybrid SSA-Complex Seasonality Models.
de Souza, W., Campani, C.H., Bohl, M., Palazzi, R. and de Oliveira, F. (2021), "Framework to structure the Brazilian electricity futures market", International Journal of Energy Sector Management, Vol. 15 No. 5, pp. 914-932. https://doi.org/10.1108/IJESM-04-2019-0011
Palazzi, R. B., Júnior, G. de S. R., & Klotzle, M. C. (2020). The dynamic relationship between bitcoin and the foreign exchange market: A nonlinear approach to test causality between bitcoin and currencies. Finance Research Letters, 101893. https://doi.org/10.1016/j.frl.2020.101893
Palazzi, R. B. R. B., Figueiredo Pinto, A. C., Klotzle, M. C. M. C., De Oliveira, E. M., Pinto, A. C. F., Klotzle, M. C. M. C., & Oliveira, E. M. De. (2020). Can we still blame index funds for the price movements in the agricultural commodities market? International Review of Economics & Finance, 65, 84–93. https://doi.org/https://doi.org/10.1016/j.iref.2019.10.001
de Oliveira, E. M., de Souza Cunha, F. A. F., Palazzi, R. B., Klotzle, M. C., & Maçaira, P. M. (2020). On the effects of uncertainty measures on sustainability indices: An empirical investigation in a nonlinear framework. International Review of Financial Analysis, 101505. https://doi.org/https://doi.org/10.1016/j.irfa.2020.101505
Raimundo Júnior, G. de S., Palazzi, R. B., Tavares, R. de S., & Klotzle, M. C. (2020). Market Stress and Herding: A New Approach to the Cryptocurrency Market. Journal of Behavioral Finance, 1–15. https://doi.org/10.1080/15427560.2020.1821688
Júnior, G. de S. R. G. D. S. R., Palazzi, R. B. R. B., Klotzle, M. C. M. C., & Pinto, A. C. F. A. C. F. (2019). Analyzing herding behavior in commodities markets – an empirical approach. Finance Research Letters, 65, 84–93. https://doi.org/10.1016/j.frl.2019.08.033
Working Papers
van Huellen, S., & Baptista Palazzi, R. (2023). Commodity Currencies: Unpicking the Asymmetric Relationship between Commodity Prices and Exchange Rates.
Can we measure ambiguity in the agricultural commodities markets? An empirical approach.
Newspaper
Palazzi, R. B. (2022). Por que a Petrobras não consegue baixar preços dos combustíveis? In Valor Econômico. Impresso e mídia eletrônica, https://valor.globo.com/opiniao/coluna/por-que-a-petrobras-nao-consegue-baixar-precos-dos-combustiveis.ghtml
Palazzi, R. B. (2021). Gestão de risco de mercado na Petrobras. In Agência Bori. Mídia eletrônica, https://abori.com.br/artigos/gestao-de-risco-de-mercado-na-petrobras/
Palazzi, R. B. & Souza, W. A. R. (2019). Dilemas da produção de soja. In Valor Econômico. Impresso e mídia eletrônica, https://www.valor.com.br/opiniao/6074307/dilemas-da-producao-de-soja.
Conferences
van Huellen, S., & Baptista Palazzi, R. (2023). Commodity Currencies: Unpicking the Asymmetric Relationship between Commodity Prices and Exchange Rates. CEBRA Workshop for Commodities and Macroeconomics (Sep 19 – 20, 2024). Ottawa - Canada.
PALAZZI, R. B.; HUELLEN, S. V. . Can Fuel Policies Tame Exchange Rate Volatility? Fuel Policy Legacy in Brazil (2024). AAEA Annual Meeting. New Orleans LA.
Palazzi, Rafael B; Souza, W. A. R.; Klotzle, M. C. . Evaluation of Volatility Spillovers and Quantile Hedging: a closer look to Brazilian agricultural markets. 2021. The 94th Annual Conference of the Agricultural Economics Society (AES).
Schlomer, J.B.; Palazzi, R.B.; Klotzle, M.C.; Figueiredo, A.C. Predicting Economic Cycles in Brazil based on Near-Term Forward Rate Spreads and Commodity Index. In: World Finance Conference, 2021, Kristiansand. Anais do World Finance Conference, 2021.
Palazzi, R. B., Souza, W. A. R. (2019a) “Evaluation of Ambiguity in Commodity Futures Markets: Analysis of Corn and Coffee Futures Prices” (Conference presented at Applied Commodity Price Analysis, Forecasting, and Market Risk Management - NCCC-134 2019 - Minneapolis/Minnesota - USA). Also, presented in EnAnpad 2019. This paper has been nominated for the Best Paper Award of the Finance section of Enanpad 2019.
Palazzi, R. B., Souza, W. A. R. (2019b). “Evaluation of mechanism design of auctions: Proposal for the Brazilian government bonds market”, In XIX Brazilian Finance Meeting, (2019). XIX Brazilian Finance Meeting. Rio de Janeiro/RJ, Brazil, Rio de Janeiro, Brazil.
Palazzi, R. B., Oliveira, F. A., Souza, W. A. R., Bohl, M. & Campani, H. A. (2018) “Evaluation of agricultural futures prices term structure: Analysis of corn futures of CME Group using integrated nested Laplace approximations – INLA” (Conference paper presented at EnAnpad 2018 – Curitiba/PR - Brazil).
News, interviews & discussion
Revista Galileu: https://revistagalileu.globo.com/Sociedade/Economia/noticia/2022/04/petroleo-influencia-mais-preco-do-etanol-no-brasil-do-que-o-acucar.html
Open Code Community: https://opencodecom.net/post/2021-05-18-hedge-ratio/