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News arrival, jump dynamics, and volatility components for individual stock retu...
Maheu, John M - , Mccurdy, Thomas H - ,
The American Finance Association ()
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Artikel Jurnal
PSB lt.dasar - Pascasarja...

Text

News arrival, jump dynamics, and volatility components for individual stock returns

Maheu, John M -; Mccurdy, Thomas H -

This paper models components of the return distribution, which are assumed to be directed by a latent news process. The conditional variance of returns is a combinaion of jumps and smoothly changing components. A heterogeneous poisson process with a time-varying conditional intensity parameter governs the likelihood of jumps. Unlike typical jump models with stochastic volatility, previous realizations of both jump and normal innovations can feed back asym .Printed Journal


Ketersediaan

Call NumberLocationAvailable
PSB lt.dasar - Pascasarjana1
Penerbit: The American Finance Association
Edisi-
Subjek-
ISBN/ISSN00221082
Klasifikasi-
Deskripsi Fisik-
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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