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) distribution models in financial econometrics. One noted feature of the MN model is its flexibility in accommodating various shapes … econometrics …
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In this paper we provide a review of copula theory with applications to finance. We illustrate the idea on the …
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This work brings together two distinct pieces of evidence concerning, at the macro level, international distributions of incomes and their dynamics, and, at the micro level, the size distributions of firms and the properties of their growth rates. First, our empirical analysis provides a new...
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