Maria Flora is a Researcher at the Center for Research in Economics and Statistic (CREST ), Centre National de la Recherche Scientifique (CNRS) in Palaiseau (France). Prior to joining CREST, Maria was Post-Doctoral Fellow at the Department of Economics of University of Verona (Italy). Maria completed her Ph.D. at University of Padova (Italy) in 2019, under the supervision of Professor Tiziano Vargiolu . Her Ph.D. dissertation was ranked as excellent by world leading experts. During her Ph.D. experience, she has been a Visiting Research Scholar (in 2017-2018) at the Mathematical Institute , University of Oxford (UK).

Research Interests

Quantitative Finance, Financial Econometrics, Energy Finance, Optimal control problems, Energy modeling and forecasting


2021 - today Researcher CREST - ENSAE Paris, Institut Polytechnique de Paris
2019 - 2021 Post-Doctoral Research Fellow Department of Economics, University of Verona (Italy)
2017 - 2018 Visiting Research ScholarMathematical Institute , University of Oxford (UK)
2021 (expected) FellowCollegio Carlo Alberto , University of Torino (Italy)

Peer-reviewed papers

Flora, M. and Vargiolu, T. (2020). Price dynamics in the European Union Emissions Trading System and evaluation of its ability to boost emission-related investment decisions. European Journal of Operational Research, 280(1), 383–394.
Andreis, L., Flora, M., Fontini, F. and Vargiolu, T. (2020). Pricing reliability options under different electricity price regimes. Energy Economics, 87, 104705.

Working papers

Cartea, Á., Flora, M., Slavov, G. and Vargiolu, T. (2020). Optimal cross-border electricity trading.
Flora, M., Renò, R. (2020). V-shapes (previous title: "Fragility of financial markets: the Italian debt not-so-flash crash").


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