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Higher order variation and stochastic volatility models

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Author Info
Ole E. Barndorff-Nielsen () (The Centre for Mathematical Physics and Stochastics (MaPhySto), University of Aarhus)
Neil Shephard () (Nuffield College, Oxford)

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Abstract

Limit distribution results on quadratic and higher order variation quantities are derived for certain types of continuous local martingales, in particular for a class of OU-based stochastic volatility models.

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File URL: http://www.nuff.ox.ac.uk/Economics/papers/2001/w8/higher.pdf
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Publisher Info
Paper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number 2001-W8.

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Length: 8pages
Date of creation: 10 Jul 2001
Date of revision:
Handle: RePEc:nuf:econwp:0108

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Web page: http://www.nuff.ox.ac.uk/economics/

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Related research
Keywords: Mixed asymptotic normality; Realised volatility; Quadratic variation;

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  1. Ole E. Barndorff-Nielsen & Neil Shephard, 2001. "Integrated OU Processes," Economics Papers 2001-W1, Economics Group, Nuffield College, University of Oxford. [Downloadable!]
  2. Ghysels, E. & Harvey, A. & Renault, E., 1996. "Stochastic Volatility," Cahiers de recherche 9613, Universite de Montreal, Departement de sciences economiques. [Downloadable!]
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This page was last updated on 2009-11-1.


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