has implications for the estimation of economic models of energy-intensive durables, for oil price forecasting, and for …

alternatives and more economically plausible. We discuss implications of our analysis for the estimation of economic models of … energy-intensive durables, for the debate on speculation in oil markets, and for oil price forecasting. …

forecasting errors in realized volatility are substantive. Even though returns standardized by ex post quadratic variation … degree of volatility risk in stock and index returns, where we characterize volatility risk by the extent to which … distribution of returns. Explicitly modeling this volatility risk is fundamental. We propose a dually asymmetric realized …