The University of Macau (UM) held the University of Macau Development Foundation (UMDF) Named Professorship Lecture titled ‘Econometrics and Economic Surveillance’ today (1 November). Yu Jun, UMDF chair professor of finance and economics and dean of the Faculty of Business Administration, was the speaker. During the talk, Prof Yu explained the characteristics of various economic bubbles and their relevance to financial crises. The talk was well attended by UM students and faculty, as well as members of the public.
Speaking at the event, UM Vice Rector Rui Martins said that Prof Yu is a renowned scholar of international finance and economics, an inaugural fellow of the Society for Financial Econometrics (SoFiE), and a fellow of Journal of Econometrics. He also serves as an associate editor for several leading international journals and has extensive experience in teaching, research, and industry practice. Notably, Prof Yu has collaborated with scholars from the US and Australia to develop tools for measuring exuberance in financial markets, which have become valuable resources for identifying and addressing financial crises in the US, Europe, Asia, and other countries and regions.
During the talk, Prof Yu explained asset price bubbles and the practical applications of econometric tools in identifying and managing financial bubbles. He also introduced econometric techniques such as the recursive method and the unit root test. In addition, Prof Yu shared the latest methodological advances in dealing with more complex bubble scenarios, which help identify and prevent financial crises. He also engaged with the audience during the Q&A and discussion sessions.
| Source: Rector’s Office | |
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| Albee Lei | Tel: (853) 8822 8004 |
| Jason Leong | Tel: (853) 8822 8322 |
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