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Estimation of an asymmetric model of asset prices

Abstract:
A stochastic volatility model may be estimated by a quasi-maximum likelihood procedure by transforming to a linear state-space form. The method is extended to handle correlation between the two disturbances in the model and applied to data on stock returns.

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Publisher:
American Statistical Association
Journal:
Journal of business and economic statistics
Volume:
14
Publication date:
1996-01-01
ISSN:
0735-0015
Language:
English
UUID:
uuid:a81d9a4b-9e51-4811-ac3f-ab6b7129b794
Local pid:
oai:economics.ouls.ox.ac.uk:13887
Deposit date:
2011-08-16

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