id	sid	tid	token	lemma	pos
dem-4207	1	1	microsoft	microsoft	PROPN
dem-4207	1	2	word	word	NOUN
dem-4207	1	3	00_tresc.docx	00_tresc.docx	PRON
dem-4207	1	4	dynamic	dynamic	ADJ
dem-4207	1	5	econometric	econometric	ADJ
dem-4207	1	6	models	model	NOUN
dem-4207	1	7	vol	vol	NOUN
dem-4207	1	8	.	.	PROPN
dem-4207	1	9	9	9	NUM
dem-4207	1	10	–	–	PUNCT
dem-4207	1	11	nicolaus	nicolaus	PROPN
dem-4207	1	12	copernicus	copernicus	PROPN
dem-4207	1	13	university	university	PROPN
dem-4207	1	14	–	–	PUNCT
dem-4207	1	15	toruń	toruń	NOUN
dem-4207	1	16	–	–	PUNCT
dem-4207	1	17	2009	2009	NUM
dem-4207	1	18	anna	anna	PROPN
dem-4207	1	19	pajor	pajor	PROPN
dem-4207	1	20	cracow	cracow	PROPN
dem-4207	1	21	university	university	PROPN
dem-4207	1	22	of	of	ADP
dem-4207	1	23	economics	economic	NOUN
dem-4207	1	24	bayesian	bayesian	NOUN
dem-4207	1	25	analysis	analysis	NOUN
dem-4207	1	26	of	of	ADP
dem-4207	1	27	the	the	DET
dem-4207	1	28	box	box	NOUN
dem-4207	1	29	-	-	PUNCT
dem-4207	1	30	cox	cox	PROPN
dem-4207	1	31	transformation	transformation	NOUN
dem-4207	1	32	in	in	ADP
dem-4207	1	33	stochastic	stochastic	ADJ
dem-4207	1	34	volatility	volatility	NOUN
dem-4207	1	35	models†	models†	NOUN
dem-4207	1	36	a	a	DET
dem-4207	1	37	b	b	PROPN
dem-4207	1	38	s	s	ADP
dem-4207	1	39	t	t	PROPN
dem-4207	1	40	r	r	NOUN
dem-4207	1	41	a	a	DET
dem-4207	1	42	c	c	NOUN
dem-4207	1	43	t.	t.	NOUN
dem-4207	1	44	in	in	ADP
dem-4207	1	45	the	the	DET
dem-4207	1	46	paper	paper	NOUN
dem-4207	1	47	,	,	PUNCT
dem-4207	1	48	we	we	PRON
dem-4207	1	49	consider	consider	VERB
dem-4207	1	50	the	the	DET
dem-4207	1	51	box	box	NOUN
dem-4207	1	52	-	-	PUNCT
dem-4207	1	53	cox	cox	PROPN
dem-4207	1	54	transformation	transformation	NOUN
dem-4207	1	55	of	of	ADP
dem-4207	1	56	financial	financial	ADJ
dem-4207	1	57	time	time	NOUN
dem-4207	1	58	series	series	NOUN
dem-4207	1	59	in	in	ADP
dem-4207	1	60	stochastic	stochastic	ADJ
dem-4207	1	61	volatility	volatility	NOUN
dem-4207	1	62	models	model	NOUN
dem-4207	1	63	.	.	PUNCT
dem-4207	2	1	bayesian	bayesian	NOUN
dem-4207	2	2	approach	approach	NOUN
dem-4207	2	3	is	be	AUX
dem-4207	2	4	applied	apply	VERB
dem-4207	2	5	to	to	PART
dem-4207	2	6	make	make	VERB
dem-4207	2	7	inference	inference	NOUN
dem-4207	2	8	about	about	ADP
dem-4207	2	9	the	the	DET
dem-4207	2	10	box	box	NOUN
dem-4207	2	11	-	-	PUNCT
dem-4207	2	12	cox	cox	PROPN
dem-4207	2	13	transformation	transformation	NOUN
dem-4207	2	14	parameter	parameter	NOUN
dem-4207	2	15	(	(	PUNCT
dem-4207	2	16	λ	λ	NOUN
dem-4207	2	17	)	)	PUNCT
dem-4207	2	18	.	.	PUNCT
dem-4207	3	1	using	use	VERB
dem-4207	3	2	daily	daily	ADJ
dem-4207	3	3	data	datum	NOUN
dem-4207	3	4	(	(	PUNCT
dem-4207	3	5	quotations	quotation	NOUN
dem-4207	3	6	of	of	ADP
dem-4207	3	7	stock	stock	NOUN
dem-4207	3	8	indices	index	NOUN
dem-4207	3	9	)	)	PUNCT
dem-4207	3	10	,	,	PUNCT
dem-4207	3	11	we	we	PRON
dem-4207	3	12	show	show	VERB
dem-4207	3	13	that	that	SCONJ
dem-4207	3	14	in	in	ADP
dem-4207	3	15	the	the	DET
dem-4207	3	16	stochastic	stochastic	ADJ
dem-4207	3	17	volatility	volatility	NOUN
dem-4207	3	18	models	model	NOUN
dem-4207	3	19	with	with	ADP
dem-4207	3	20	fat	fat	ADJ
dem-4207	3	21	tails	tail	NOUN
dem-4207	3	22	and	and	CCONJ
dem-4207	3	23	correlated	correlate	VERB
dem-4207	3	24	errors	error	NOUN
dem-4207	3	25	(	(	PUNCT
dem-4207	3	26	fcsv	fcsv	PROPN
dem-4207	3	27	)	)	PUNCT
dem-4207	3	28	,	,	PUNCT
dem-4207	3	29	the	the	DET
dem-4207	3	30	posterior	posterior	ADJ
dem-4207	3	31	distribution	distribution	NOUN
dem-4207	3	32	of	of	ADP
dem-4207	3	33	parameter	parameter	NOUN
dem-4207	3	34	λ	λ	PROPN
dem-4207	3	35	strongly	strongly	ADV
dem-4207	3	36	depends	depend	VERB
dem-4207	3	37	on	on	ADP
dem-4207	3	38	the	the	DET
dem-4207	3	39	prior	prior	ADJ
dem-4207	3	40	assumption	assumption	NOUN
dem-4207	3	41	about	about	ADP
dem-4207	3	42	this	this	DET
dem-4207	3	43	parameter	parameter	NOUN
dem-4207	3	44	.	.	PUNCT
dem-4207	4	1	in	in	ADP
dem-4207	4	2	the	the	DET
dem-4207	4	3	majority	majority	NOUN
dem-4207	4	4	of	of	ADP
dem-4207	4	5	cases	case	NOUN
dem-4207	4	6	the	the	DET
dem-4207	4	7	values	value	NOUN
dem-4207	4	8	of	of	ADP
dem-4207	4	9	λ	λ	PROPN
dem-4207	4	10	close	close	ADJ
dem-4207	4	11	to	to	ADP
dem-4207	4	12	0	0	NUM
dem-4207	4	13	are	be	AUX
dem-4207	4	14	more	more	ADV
dem-4207	4	15	probable	probable	ADJ
dem-4207	4	16	a	a	DET
dem-4207	4	17	posteriori	posteriori	NOUN
dem-4207	4	18	than	than	ADP
dem-4207	4	19	the	the	DET
dem-4207	4	20	ones	one	NOUN
dem-4207	4	21	close	close	ADJ
dem-4207	4	22	to	to	ADP
dem-4207	4	23	1	1	NUM
dem-4207	4	24	.	.	PUNCT
dem-4207	5	1	k	k	PROPN
dem-4207	5	2	e	e	PROPN
dem-4207	5	3	y	y	PROPN
dem-4207	5	4	w	w	NOUN
dem-4207	5	5	o	o	NOUN
dem-4207	5	6	r	r	NOUN
dem-4207	5	7	d	d	PROPN
dem-4207	5	8	s	s	NOUN
dem-4207	5	9	:	:	PUNCT
dem-4207	5	10	box	box	NOUN
dem-4207	5	11	-	-	PUNCT
dem-4207	5	12	cox	cox	PROPN
dem-4207	5	13	transformation	transformation	NOUN
dem-4207	5	14	,	,	PUNCT
dem-4207	5	15	sv	sv	PROPN
dem-4207	5	16	model	model	PROPN
dem-4207	5	17	,	,	PUNCT
dem-4207	5	18	bayesian	bayesian	NOUN
dem-4207	5	19	inference	inference	NOUN
dem-4207	5	20	.	.	PUNCT
dem-4207	6	1	1	1	X
dem-4207	6	2	.	.	X
dem-4207	6	3	introduction	introduction	NOUN
dem-4207	6	4	the	the	DET
dem-4207	6	5	continuously	continuously	ADV
dem-4207	6	6	compounded	compound	VERB
dem-4207	6	7	rates	rate	NOUN
dem-4207	6	8	of	of	ADP
dem-4207	6	9	return	return	NOUN
dem-4207	6	10	(	(	PUNCT
dem-4207	6	11	or	or	CCONJ
dem-4207	6	12	logarithmic	logarithmic	ADJ
dem-4207	6	13	returns	return	NOUN
dem-4207	6	14	)	)	PUNCT
dem-4207	6	15	as	as	ADV
dem-4207	6	16	well	well	ADV
dem-4207	6	17	as	as	ADP
dem-4207	6	18	the	the	DET
dem-4207	6	19	simple	simple	ADJ
dem-4207	6	20	rates	rate	NOUN
dem-4207	6	21	of	of	ADP
dem-4207	6	22	return	return	NOUN
dem-4207	6	23	are	be	AUX
dem-4207	6	24	commonly	commonly	ADV
dem-4207	6	25	used	use	VERB
dem-4207	6	26	in	in	ADP
dem-4207	6	27	econometric	econometric	ADJ
dem-4207	6	28	analyses	analysis	NOUN
dem-4207	6	29	of	of	ADP
dem-4207	6	30	financial	financial	ADJ
dem-4207	6	31	data	datum	NOUN
dem-4207	6	32	.	.	PUNCT
dem-4207	7	1	these	these	DET
dem-4207	7	2	two	two	NUM
dem-4207	7	3	types	type	NOUN
dem-4207	7	4	of	of	ADP
dem-4207	7	5	data	datum	NOUN
dem-4207	7	6	transformation	transformation	NOUN
dem-4207	7	7	are	be	AUX
dem-4207	7	8	applied	apply	VERB
dem-4207	7	9	arbitrarily	arbitrarily	ADV
dem-4207	7	10	.	.	PUNCT
dem-4207	8	1	in	in	ADP
dem-4207	8	2	the	the	DET
dem-4207	8	3	derivatives	derivative	NOUN
dem-4207	8	4	pricing	pricing	NOUN
dem-4207	8	5	literature	literature	NOUN
dem-4207	8	6	there	there	PRON
dem-4207	8	7	is	be	VERB
dem-4207	8	8	the	the	DET
dem-4207	8	9	tradition	tradition	NOUN
dem-4207	8	10	of	of	ADP
dem-4207	8	11	using	use	VERB
dem-4207	8	12	logarithmic	logarithmic	ADJ
dem-4207	8	13	returns	return	NOUN
dem-4207	8	14	,	,	PUNCT
dem-4207	8	15	but	but	CCONJ
dem-4207	8	16	when	when	SCONJ
dem-4207	8	17	the	the	DET
dem-4207	8	18	logarithmic	logarithmic	ADJ
dem-4207	8	19	return	return	NOUN
dem-4207	8	20	is	be	AUX
dem-4207	8	21	modelled	model	VERB
dem-4207	8	22	as	as	ADP
dem-4207	8	23	a	a	DET
dem-4207	8	24	conditionally	conditionally	ADV
dem-4207	8	25	student	student	NOUN
dem-4207	8	26	-	-	PUNCT
dem-4207	8	27	t	t	NOUN
dem-4207	8	28	distributed	distribute	VERB
dem-4207	8	29	random	random	ADJ
dem-4207	8	30	variable	variable	NOUN
dem-4207	8	31	,	,	PUNCT
dem-4207	8	32	the	the	DET
dem-4207	8	33	conditional	conditional	ADJ
dem-4207	8	34	expected	expect	VERB
dem-4207	8	35	simple	simple	ADJ
dem-4207	8	36	rate	rate	NOUN
dem-4207	8	37	of	of	ADP
dem-4207	8	38	return	return	NOUN
dem-4207	8	39	is	be	AUX
dem-4207	8	40	infinite	infinite	ADJ
dem-4207	8	41	.	.	PUNCT
dem-4207	9	1	it	it	PRON
dem-4207	9	2	violates	violate	VERB
dem-4207	9	3	the	the	DET
dem-4207	9	4	finite	finite	NOUN
dem-4207	9	5	second	second	ADJ
dem-4207	9	6	moment	moment	NOUN
dem-4207	9	7	condition	condition	NOUN
dem-4207	9	8	for	for	ADP
dem-4207	9	9	the	the	DET
dem-4207	9	10	asset	asset	NOUN
dem-4207	9	11	payoff	payoff	NOUN
dem-4207	9	12	in	in	ADP
dem-4207	9	13	call	call	NOUN
dem-4207	9	14	option	option	NOUN
dem-4207	9	15	pricing	pricing	NOUN
dem-4207	9	16	(	(	PUNCT
dem-4207	9	17	see	see	VERB
dem-4207	9	18	duan	duan	PROPN
dem-4207	9	19	,	,	PUNCT
dem-4207	9	20	1999	1999	NUM
dem-4207	9	21	)	)	PUNCT
dem-4207	9	22	.	.	PUNCT
dem-4207	10	1	duan	duan	PROPN
dem-4207	10	2	(	(	PUNCT
dem-4207	10	3	1999	1999	NUM
dem-4207	10	4	)	)	PUNCT
dem-4207	10	5	uses	use	VERB
dem-4207	10	6	the	the	DET
dem-4207	10	7	generalized	generalize	VERB
dem-4207	10	8	error	error	NOUN
dem-4207	10	9	distribution	distribution	NOUN
dem-4207	10	10	(	(	PUNCT
dem-4207	10	11	ged	ge	VERB
dem-4207	10	12	)	)	PUNCT
dem-4207	10	13	for	for	ADP
dem-4207	10	14	the	the	DET
dem-4207	10	15	logarithmic	logarithmic	ADJ
dem-4207	10	16	returns	return	NOUN
dem-4207	10	17	that	that	PRON
dem-4207	10	18	also	also	ADV
dem-4207	10	19	exhibits	exhibit	VERB
dem-4207	10	20	fat	fat	ADJ
dem-4207	10	21	tails	tail	NOUN
dem-4207	10	22	and	and	CCONJ
dem-4207	10	23	includes	include	VERB
dem-4207	10	24	the	the	DET
dem-4207	10	25	normal	normal	ADJ
dem-4207	10	26	distribution	distribution	NOUN
dem-4207	10	27	as	as	ADP
dem-4207	10	28	a	a	DET
dem-4207	10	29	special	special	ADJ
dem-4207	10	30	case	case	NOUN
dem-4207	10	31	.	.	PUNCT
dem-4207	11	1	other	other	ADJ
dem-4207	11	2	researchers	researcher	NOUN
dem-4207	11	3	build	build	VERB
dem-4207	11	4	model	model	NOUN
dem-4207	11	5	with	with	ADP
dem-4207	11	6	sample	sample	NOUN
dem-4207	11	7	returns	return	NOUN
dem-4207	11	8	instead	instead	ADV
dem-4207	11	9	of	of	ADP
dem-4207	11	10	log	log	NOUN
dem-4207	11	11	-	-	PUNCT
dem-4207	11	12	returns	return	NOUN
dem-4207	11	13	and	and	CCONJ
dem-4207	11	14	with	with	ADP
dem-4207	11	15	the	the	DET
dem-4207	11	16	student	student	NOUN
dem-4207	11	17	-	-	PUNCT
dem-4207	11	18	t	t	NOUN
dem-4207	11	19	distribution	distribution	NOUN
dem-4207	11	20	(	(	PUNCT
dem-4207	11	21	see	see	VERB
dem-4207	11	22	e.g.	e.g.	ADV
dem-4207	11	23	hafner	hafner	NOUN
dem-4207	11	24	,	,	PUNCT
dem-4207	11	25	harwartz	harwartz	PROPN
dem-4207	11	26	,	,	PUNCT
dem-4207	11	27	1999	1999	NUM
dem-4207	11	28	;	;	PUNCT
dem-4207	11	29	härdle	härdle	NOUN
dem-4207	11	30	,	,	PUNCT
dem-4207	11	31	hafner	hafner	NOUN
dem-4207	11	32	,	,	PUNCT
dem-4207	11	33	2000	2000	NUM
dem-4207	11	34	;	;	PUNCT
dem-4207	11	35	bauwens	bauwen	NOUN
dem-4207	11	36	,	,	PUNCT
dem-4207	11	37	lubrano	lubrano	PROPN
dem-4207	11	38	,	,	PUNCT
dem-4207	11	39	2002	2002	NUM
dem-4207	11	40	)	)	PUNCT
dem-4207	11	41	.	.	PUNCT
dem-4207	12	1	however	however	ADV
dem-4207	12	2	,	,	PUNCT
dem-4207	12	3	both	both	CCONJ
dem-4207	12	4	the	the	DET
dem-4207	12	5	logarithmic	logarithmic	ADJ
dem-4207	12	6	return	return	NOUN
dem-4207	12	7	and	and	CCONJ
dem-4207	12	8	simple	simple	ADJ
dem-4207	12	9	one	one	NUM
dem-4207	12	10	are	be	AUX
dem-4207	12	11	variants	variant	NOUN
dem-4207	12	12	of	of	ADP
dem-4207	12	13	the	the	DET
dem-4207	12	14	well	well	ADV
dem-4207	12	15	-	-	PUNCT
dem-4207	12	16	known	know	VERB
dem-4207	12	17	box	box	NOUN
dem-4207	12	18	-	-	PUNCT
dem-4207	12	19	cox	cox	PROPN
dem-4207	12	20	transformation	transformation	NOUN
dem-4207	12	21	of	of	ADP
dem-4207	12	22	the	the	DET
dem-4207	12	23	xt	xt	PROPN
dem-4207	12	24	/	/	SYM
dem-4207	12	25	xt-1	xt-1	PROPN
dem-4207	12	26	ratio	ratio	NOUN
dem-4207	12	27	(	(	PUNCT
dem-4207	12	28	where	where	SCONJ
dem-4207	12	29	xt	xt	PROPN
dem-4207	12	30	denotes	denote	VERB
dem-4207	12	31	the	the	DET
dem-4207	12	32	asset	asset	NOUN
dem-4207	12	33	price	price	NOUN
dem-4207	12	34	at	at	ADP
dem-4207	12	35	time	time	NOUN
dem-4207	12	36	t	t	PROPN
dem-4207	12	37	)	)	PUNCT
dem-4207	12	38	with	with	ADP
dem-4207	12	39	parameter	parameter	NOUN
dem-4207	12	40	0	0	PUNCT
dem-4207	12	41	and	and	CCONJ
dem-4207	12	42	1	1	NUM
dem-4207	12	43	,	,	PUNCT
dem-4207	12	44	respectively	respectively	ADV
dem-4207	12	45	.	.	PUNCT
dem-4207	13	1	in	in	ADP
dem-4207	13	2	the	the	DET
dem-4207	13	3	paper	paper	NOUN
dem-4207	13	4	,	,	PUNCT
dem-4207	13	5	we	we	PRON
dem-4207	13	6	con	con	PROPN
dem-4207	13	7	†	†	PROPN
dem-4207	13	8	research	research	NOUN
dem-4207	13	9	supported	support	VERB
dem-4207	13	10	by	by	ADP
dem-4207	13	11	a	a	DET
dem-4207	13	12	grant	grant	NOUN
dem-4207	13	13	from	from	ADP
dem-4207	13	14	cracow	cracow	PROPN
dem-4207	13	15	university	university	PROPN
dem-4207	13	16	of	of	ADP
dem-4207	13	17	economics	economic	NOUN
dem-4207	13	18	.	.	PUNCT
dem-4207	14	1	the	the	DET
dem-4207	14	2	author	author	NOUN
dem-4207	14	3	would	would	AUX
dem-4207	14	4	like	like	VERB
dem-4207	14	5	to	to	PART
dem-4207	14	6	thank	thank	VERB
dem-4207	14	7	janusz	janusz	PROPN
dem-4207	14	8	jaworski	jaworski	PROPN
dem-4207	14	9	for	for	ADP
dem-4207	14	10	language	language	NOUN
dem-4207	14	11	verification	verification	NOUN
dem-4207	14	12	of	of	ADP
dem-4207	14	13	the	the	DET
dem-4207	14	14	manuscript	manuscript	NOUN
dem-4207	14	15	.	.	PUNCT
dem-4207	15	1	anna	anna	PROPN
dem-4207	15	2	pajor	pajor	PROPN
dem-4207	15	3	82	82	NUM
dem-4207	15	4	sider	sider	NOUN
dem-4207	15	5	the	the	DET
dem-4207	15	6	box	box	NOUN
dem-4207	15	7	-	-	PUNCT
dem-4207	15	8	cox	cox	PROPN
dem-4207	15	9	transformation	transformation	NOUN
dem-4207	15	10	of	of	ADP
dem-4207	15	11	financial	financial	ADJ
dem-4207	15	12	time	time	NOUN
dem-4207	15	13	series	series	NOUN
dem-4207	15	14	in	in	ADP
dem-4207	15	15	stochastic	stochastic	ADJ
dem-4207	15	16	volatility	volatility	NOUN
dem-4207	15	17	(	(	PUNCT
dem-4207	15	18	sv	sv	NOUN
dem-4207	15	19	)	)	PUNCT
dem-4207	15	20	models	model	NOUN
dem-4207	15	21	.	.	PUNCT
dem-4207	16	1	bayesian	bayesian	NOUN
dem-4207	16	2	approach	approach	NOUN
dem-4207	16	3	is	be	AUX
dem-4207	16	4	applied	apply	VERB
dem-4207	16	5	to	to	PART
dem-4207	16	6	make	make	VERB
dem-4207	16	7	inference	inference	NOUN
dem-4207	16	8	about	about	ADP
dem-4207	16	9	the	the	DET
dem-4207	16	10	boxcox	boxcox	PROPN
dem-4207	16	11	transformation	transformation	NOUN
dem-4207	16	12	parameter	parameter	NOUN
dem-4207	16	13	(	(	PUNCT
dem-4207	16	14	λ	λ	NOUN
dem-4207	16	15	)	)	PUNCT
dem-4207	16	16	.	.	PUNCT
dem-4207	17	1	as	as	SCONJ
dem-4207	17	2	parameter	parameter	PROPN
dem-4207	17	3	λ	λ	PROPN
dem-4207	17	4	is	be	AUX
dem-4207	17	5	estimated	estimate	VERB
dem-4207	17	6	along	along	ADP
dem-4207	17	7	with	with	ADP
dem-4207	17	8	other	other	ADJ
dem-4207	17	9	unknown	unknown	ADJ
dem-4207	17	10	parameters	parameter	NOUN
dem-4207	17	11	,	,	PUNCT
dem-4207	17	12	information	information	NOUN
dem-4207	17	13	in	in	ADP
dem-4207	17	14	the	the	DET
dem-4207	17	15	data	data	NOUN
dem-4207	17	16	is	be	AUX
dem-4207	17	17	used	use	VERB
dem-4207	17	18	to	to	PART
dem-4207	17	19	determine	determine	VERB
dem-4207	17	20	which	which	DET
dem-4207	17	21	transformation	transformation	NOUN
dem-4207	17	22	is	be	AUX
dem-4207	17	23	appropriate	appropriate	ADJ
dem-4207	17	24	for	for	ADP
dem-4207	17	25	the	the	DET
dem-4207	17	26	data	datum	NOUN
dem-4207	17	27	.	.	PUNCT
dem-4207	18	1	the	the	DET
dem-4207	18	2	structure	structure	NOUN
dem-4207	18	3	of	of	ADP
dem-4207	18	4	the	the	DET
dem-4207	18	5	article	article	NOUN
dem-4207	18	6	is	be	AUX
dem-4207	18	7	as	as	SCONJ
dem-4207	18	8	follows	follow	VERB
dem-4207	18	9	:	:	PUNCT
dem-4207	18	10	section	section	NOUN
dem-4207	18	11	2	2	NUM
dem-4207	18	12	consists	consist	VERB
dem-4207	18	13	of	of	ADP
dem-4207	18	14	a	a	DET
dem-4207	18	15	short	short	ADJ
dem-4207	18	16	presentation	presentation	NOUN
dem-4207	18	17	of	of	ADP
dem-4207	18	18	the	the	DET
dem-4207	18	19	bayesian	bayesian	NOUN
dem-4207	18	20	sv	sv	PROPN
dem-4207	18	21	model	model	PROPN
dem-4207	18	22	with	with	ADP
dem-4207	18	23	fat	fat	ADJ
dem-4207	18	24	-	-	PUNCT
dem-4207	18	25	tails	tail	NOUN
dem-4207	18	26	correlated	correlate	VERB
dem-4207	18	27	errors	error	NOUN
dem-4207	18	28	for	for	ADP
dem-4207	18	29	the	the	DET
dem-4207	18	30	transformed	transform	VERB
dem-4207	18	31	data	datum	NOUN
dem-4207	18	32	,	,	PUNCT
dem-4207	18	33	section	section	NOUN
dem-4207	18	34	3	3	NUM
dem-4207	18	35	focuses	focus	VERB
dem-4207	18	36	on	on	ADP
dem-4207	18	37	the	the	DET
dem-4207	18	38	empirical	empirical	ADJ
dem-4207	18	39	results	result	NOUN
dem-4207	18	40	,	,	PUNCT
dem-4207	18	41	and	and	CCONJ
dem-4207	18	42	finally	finally	ADV
dem-4207	18	43	,	,	PUNCT
dem-4207	18	44	section	section	NOUN
dem-4207	18	45	4	4	NUM
dem-4207	18	46	incorporates	incorporate	VERB
dem-4207	18	47	the	the	DET
dem-4207	18	48	conclusions	conclusion	NOUN
dem-4207	18	49	.	.	PUNCT
dem-4207	19	1	2	2	X
dem-4207	19	2	.	.	X
dem-4207	19	3	bayesian	bayesian	NOUN
dem-4207	19	4	ar(1)-fcsv	ar(1)-fcsv	PROPN
dem-4207	19	5	model	model	NOUN
dem-4207	19	6	for	for	ADP
dem-4207	19	7	the	the	DET
dem-4207	19	8	transformed	transform	VERB
dem-4207	19	9	data	datum	NOUN
dem-4207	19	10	let	let	VERB
dem-4207	19	11	xt	xt	PART
dem-4207	19	12	denote	denote	VERB
dem-4207	19	13	the	the	DET
dem-4207	19	14	price	price	NOUN
dem-4207	19	15	of	of	ADP
dem-4207	19	16	an	an	DET
dem-4207	19	17	asset	asset	NOUN
dem-4207	19	18	at	at	ADP
dem-4207	19	19	time	time	NOUN
dem-4207	19	20	t	t	PROPN
dem-4207	19	21	,	,	PUNCT
dem-4207	19	22	t	t	PROPN
dem-4207	19	23	=	=	SYM
dem-4207	19	24	0	0	NUM
dem-4207	19	25	,	,	PUNCT
dem-4207	19	26	1	1	NUM
dem-4207	19	27	,	,	PUNCT
dem-4207	19	28	...	...	PUNCT
dem-4207	19	29	,	,	PUNCT
dem-4207	19	30	t.	t.	PROPN
dem-4207	19	31	the	the	DET
dem-4207	19	32	box	box	PROPN
dem-4207	19	33	-	-	PUNCT
dem-4207	19	34	cox	cox	PROPN
dem-4207	19	35	transformation	transformation	NOUN
dem-4207	19	36	of	of	ADP
dem-4207	19	37	the	the	DET
dem-4207	19	38	xt	xt	PROPN
dem-4207	19	39	/	/	SYM
dem-4207	19	40	xt-1	xt-1	PROPN
dem-4207	19	41	ratio	ratio	NOUN
dem-4207	19	42	is	be	AUX
dem-4207	19	43	defined	define	VERB
dem-4207	19	44	as	as	ADP
dem-4207	19	45	:	:	PUNCT
dem-4207	19	46	⎪⎩	⎪⎩	ADJ
dem-4207	19	47	⎪	⎪	NOUN
dem-4207	19	48	⎨	⎨	ADJ
dem-4207	19	49	⎧	⎧	PROPN
dem-4207	19	50	=	=	PUNCT
dem-4207	19	51	>	>	X
dem-4207	19	52	−	−	PROPN
dem-4207	19	53	=	=	PUNCT
dem-4207	20	1	−	−	PROPN
dem-4207	20	2	−	−	PROPN
dem-4207	20	3	−	−	NOUN
dem-4207	20	4	0)/ln	0)/ln	SYM
dem-4207	20	5	(	(	PUNCT
dem-4207	20	6	0	0	NUM
dem-4207	20	7	1)/	1)/	PROPN
dem-4207	20	8	(	(	PUNCT
dem-4207	20	9	)	)	PUNCT
dem-4207	20	10	,	,	PUNCT
dem-4207	20	11	/	/	SYM
dem-4207	20	12	(	(	PUNCT
dem-4207	20	13	1	1	NUM
dem-4207	20	14	1	1	NUM
dem-4207	20	15	1	1	NUM
dem-4207	20	16	λ	λ	NOUN
dem-4207	20	17	λ	λ	X
dem-4207	20	18	λλ	λλ	NOUN
dem-4207	20	19	λ	λ	X
dem-4207	20	20	tt	tt	X
dem-4207	20	21	tt	tt	INTJ
dem-4207	20	22	tt	tt	PROPN
dem-4207	21	1	xx	xx	INTJ
dem-4207	21	2	xx	xx	NUM
dem-4207	22	1	xxb	xxb	PROPN
dem-4207	22	2	,	,	PUNCT
dem-4207	22	3	t	t	PROPN
dem-4207	22	4	=	=	SYM
dem-4207	22	5	1	1	NUM
dem-4207	22	6	,	,	PUNCT
dem-4207	22	7	...	...	PUNCT
dem-4207	22	8	,	,	PUNCT
dem-4207	22	9	t.	t.	NOUN
dem-4207	22	10	for	for	ADP
dem-4207	22	11	)	)	PUNCT
dem-4207	22	12	,	,	PUNCT
dem-4207	22	13	/	/	SYM
dem-4207	22	14	(	(	PUNCT
dem-4207	22	15	1	1	NUM
dem-4207	22	16	λ−tt	λ−tt	NOUN
dem-4207	22	17	xxb	xxb	NOUN
dem-4207	23	1	we	we	PRON
dem-4207	23	2	use	use	VERB
dem-4207	23	3	an	an	DET
dem-4207	23	4	autoregressive	autoregressive	ADJ
dem-4207	23	5	structure1	structure1	NOUN
dem-4207	23	6	:	:	PUNCT
dem-4207	23	7	,	,	PUNCT
dem-4207	23	8	]	]	X
dem-4207	23	9	)	)	PUNCT
dem-4207	23	10	,	,	PUNCT
dem-4207	23	11	/([),/	/([),/	PROPN
dem-4207	23	12	(	(	PUNCT
dem-4207	23	13	121111	121111	NUM
dem-4207	23	14	ttttt	ttttt	NOUN
dem-4207	23	15	xxbxxb	xxbxxb	PROPN
dem-4207	23	16	εδλρδλ	εδλρδλ	VERB
dem-4207	24	1	+	+	PUNCT
dem-4207	25	1	−=−	−=−	NUM
dem-4207	25	2	−−−	−−−	NOUN
dem-4207	26	1	t	t	X
dem-4207	26	2	=	=	SYM
dem-4207	26	3	1	1	NUM
dem-4207	26	4	,	,	PUNCT
dem-4207	26	5	...	...	PUNCT
dem-4207	26	6	,	,	PUNCT
dem-4207	26	7	t	t	PROPN
dem-4207	26	8	,	,	PUNCT
dem-4207	26	9	(	(	PUNCT
dem-4207	26	10	1	1	X
dem-4207	26	11	)	)	PUNCT
dem-4207	26	12	where	where	SCONJ
dem-4207	26	13	{	{	PUNCT
dem-4207	26	14	εt	εt	VERB
dem-4207	26	15	}	}	PUNCT
dem-4207	26	16	is	be	AUX
dem-4207	26	17	the	the	DET
dem-4207	26	18	stochastic	stochastic	ADJ
dem-4207	26	19	volatility	volatility	NOUN
dem-4207	26	20	process	process	NOUN
dem-4207	26	21	with	with	ADP
dem-4207	26	22	fat	fat	ADJ
dem-4207	26	23	-	-	PUNCT
dem-4207	26	24	tails	tail	NOUN
dem-4207	26	25	and	and	CCONJ
dem-4207	26	26	correlated	correlate	VERB
dem-4207	26	27	errors	error	NOUN
dem-4207	26	28	(	(	PUNCT
dem-4207	26	29	fcsv	fcsv	PROPN
dem-4207	26	30	)	)	PUNCT
dem-4207	26	31	,	,	PUNCT
dem-4207	26	32	introduced	introduce	VERB
dem-4207	26	33	by	by	ADP
dem-4207	26	34	jacquier	jacquier	PROPN
dem-4207	26	35	et	et	PROPN
dem-4207	26	36	.	.	PUNCT
dem-4207	27	1	al	al	PROPN
dem-4207	27	2	.	.	PROPN
dem-4207	27	3	,	,	PUNCT
dem-4207	27	4	(	(	PUNCT
dem-4207	27	5	2004	2004	NUM
dem-4207	27	6	)	)	PUNCT
dem-4207	27	7	.	.	PUNCT
dem-4207	28	1	the	the	DET
dem-4207	28	2	discrete	discrete	ADJ
dem-4207	28	3	-	-	PUNCT
dem-4207	28	4	time	time	NOUN
dem-4207	28	5	fcsv	fcsv	ADJ
dem-4207	28	6	process	process	NOUN
dem-4207	28	7	can	can	AUX
dem-4207	28	8	be	be	AUX
dem-4207	28	9	written	write	VERB
dem-4207	28	10	as	as	ADP
dem-4207	28	11	:	:	PUNCT
dem-4207	28	12	,	,	PUNCT
dem-4207	28	13	/	/	SYM
dem-4207	28	14	tttt	tttt	PROPN
dem-4207	28	15	hu	hu	PROPN
dem-4207	28	16	ωε	ωε	PROPN
dem-4207	28	17	=	=	PUNCT
dem-4207	28	18	(	(	PUNCT
dem-4207	28	19	2	2	NUM
dem-4207	28	20	)	)	PUNCT
dem-4207	28	21	,	,	PUNCT
dem-4207	28	22	lnln	lnln	VERB
dem-4207	28	23	1	1	NUM
dem-4207	28	24	thtt	thtt	NOUN
dem-4207	28	25	hh	hh	PROPN
dem-4207	28	26	ησφγ	ησφγ	PROPN
dem-4207	29	1	+	+	PROPN
dem-4207	29	2	+	+	PROPN
dem-4207	29	3	=	=	SYM
dem-4207	29	4	−	−	PROPN
dem-4207	29	5	(	(	PUNCT
dem-4207	29	6	3	3	NUM
dem-4207	29	7	)	)	PUNCT
dem-4207	29	8	,	,	PUNCT
dem-4207	29	9	/)(~	/)(~	SYM
dem-4207	29	10	2	2	NUM
dem-4207	29	11	ννχωt	ννχωt	NOUN
dem-4207	29	12	ωt	ωt	ADP
dem-4207	29	13	⊥	⊥	PROPN
dem-4207	29	14	(	(	PUNCT
dem-4207	29	15	ul	ul	INTJ
dem-4207	29	16	,	,	PUNCT
dem-4207	29	17	ηl	ηl	ADP
dem-4207	29	18	)	)	PUNCT
dem-4207	29	19	,	,	PUNCT
dem-4207	29	20	t	t	PROPN
dem-4207	29	21	,	,	PUNCT
dem-4207	29	22	l	l	PROPN
dem-4207	29	23	∈	∈	PROPN
dem-4207	29	24	{	{	PUNCT
dem-4207	29	25	1	1	NUM
dem-4207	29	26	,	,	PUNCT
dem-4207	29	27	…	…	NUM
dem-4207	29	28	,	,	PUNCT
dem-4207	29	29	t	t	PROPN
dem-4207	29	30	}	}	PUNCT
dem-4207	29	31	,	,	PUNCT
dem-4207	29	32	(	(	PUNCT
dem-4207	29	33	ut	ut	PROPN
dem-4207	29	34	,	,	PUNCT
dem-4207	29	35	ηt)′	ηt)′	PROPN
dem-4207	29	36	~	~	PUNCT
dem-4207	29	37	,	,	PUNCT
dem-4207	29	38	1	1	NUM
dem-4207	29	39	1	1	NUM
dem-4207	29	40	,	,	PUNCT
dem-4207	29	41	0	0	NUM
dem-4207	29	42	⎟⎟	⎟⎟	ADJ
dem-4207	29	43	⎠	⎠	NOUN
dem-4207	29	44	⎞	⎞	NOUN
dem-4207	29	45	⎜⎜	⎜⎜	NOUN
dem-4207	29	46	⎝	⎝	PUNCT
dem-4207	29	47	⎛	⎛	NOUN
dem-4207	29	48	⎟⎟	⎟⎟	ADJ
dem-4207	29	49	⎠	⎠	NOUN
dem-4207	29	50	⎞	⎞	NOUN
dem-4207	29	51	⎜⎜	⎜⎜	NOUN
dem-4207	29	52	⎝	⎝	PUNCT
dem-4207	29	53	⎛	⎛	NOUN
dem-4207	29	54	ρ	ρ	NOUN
dem-4207	29	55	ρ	ρ	PROPN
dem-4207	29	56	in	in	ADP
dem-4207	29	57	t	t	PROPN
dem-4207	29	58	=	=	SYM
dem-4207	29	59	1	1	NUM
dem-4207	29	60	,	,	PUNCT
dem-4207	29	61	…	…	PUNCT
dem-4207	29	62	,	,	PUNCT
dem-4207	29	63	t.	t.	NOUN
dem-4207	29	64	where	where	SCONJ
dem-4207	29	65	the	the	DET
dem-4207	29	66	abbreviation	abbreviation	NOUN
dem-4207	29	67	″in″	″in″	NOUN
dem-4207	29	68	denotes	denote	NOUN
dem-4207	29	69	that	that	SCONJ
dem-4207	29	70	the	the	DET
dem-4207	29	71	random	random	ADJ
dem-4207	29	72	vectors	vector	NOUN
dem-4207	29	73	concerned	concern	VERB
dem-4207	29	74	are	be	AUX
dem-4207	29	75	independent	independent	ADJ
dem-4207	29	76	and	and	CCONJ
dem-4207	29	77	normally	normally	ADV
dem-4207	29	78	distributed	distribute	VERB
dem-4207	29	79	,	,	PUNCT
dem-4207	29	80	⊥	⊥	PROPN
dem-4207	29	81	denotes	denote	NOUN
dem-4207	29	82	stochastic	stochastic	ADJ
dem-4207	29	83	independence	independence	NOUN
dem-4207	29	84	.	.	PUNCT
dem-4207	30	1	in	in	ADP
dem-4207	30	2	the	the	DET
dem-4207	30	3	fcsv	fcsv	ADJ
dem-4207	30	4	process	process	NOUN
dem-4207	30	5	,	,	PUNCT
dem-4207	30	6	when	when	SCONJ
dem-4207	30	7	ρ	ρ	PROPN
dem-4207	30	8	is	be	AUX
dem-4207	30	9	equal	equal	ADJ
dem-4207	30	10	to	to	ADP
dem-4207	30	11	zero	zero	NUM
dem-4207	30	12	,	,	PUNCT
dem-4207	30	13	ht	ht	PROPN
dem-4207	30	14	is	be	AUX
dem-4207	30	15	the	the	DET
dem-4207	30	16	inverse	inverse	ADJ
dem-4207	30	17	precision	precision	NOUN
dem-4207	30	18	in	in	ADP
dem-4207	30	19	the	the	DET
dem-4207	30	20	conditional	conditional	ADJ
dem-4207	30	21	distribution	distribution	NOUN
dem-4207	30	22	,	,	PUNCT
dem-4207	30	23	p(εt|ht	p(εt|ht	PRON
dem-4207	30	24	)	)	PUNCT
dem-4207	30	25	,	,	PUNCT
dem-4207	30	26	that	that	ADV
dem-4207	30	27	is	is	ADV
dem-4207	30	28	,	,	PUNCT
dem-4207	30	29	(	(	PUNCT
dem-4207	30	30	v	v	NOUN
dem-4207	30	31	/	/	SYM
dem-4207	30	32	v-2)ht	v-2)ht	PROPN
dem-4207	30	33	(	(	PUNCT
dem-4207	30	34	for	for	ADP
dem-4207	30	35	v	v	NOUN
dem-4207	30	36	>	>	SYM
dem-4207	30	37	2	2	NUM
dem-4207	30	38	)	)	PUNCT
dem-4207	30	39	is	be	AUX
dem-4207	30	40	the	the	DET
dem-4207	30	41	conditional	conditional	ADJ
dem-4207	30	42	variance	variance	NOUN
dem-4207	30	43	.	.	PUNCT
dem-4207	31	1	thus	thus	ADV
dem-4207	31	2	,	,	PUNCT
dem-4207	31	3	the	the	DET
dem-4207	31	4	fcsv	fcsv	PROPN
dem-4207	31	5	model	model	NOUN
dem-4207	31	6	specifies	specify	VERB
dem-4207	31	7	a	a	DET
dem-4207	31	8	log	log	NOUN
dem-4207	31	9	-	-	PUNCT
dem-4207	31	10	normal	normal	ADJ
dem-4207	31	11	autoregressive	autoregressive	ADJ
dem-4207	31	12	process	process	NOUN
dem-4207	31	13	for	for	ADP
dem-4207	31	14	the	the	DET
dem-4207	31	15	conditional	conditional	ADJ
dem-4207	31	16	variance	variance	NOUN
dem-4207	31	17	factor	factor	NOUN
dem-4207	31	18	(	(	PUNCT
dem-4207	31	19	ht	ht	PROPN
dem-4207	31	20	)	)	PUNCT
dem-4207	31	21	with	with	ADP
dem-4207	31	22	correlated	correlate	VERB
dem-4207	31	23	innovations	innovation	NOUN
dem-4207	31	24	in	in	ADP
dem-4207	31	25	the	the	DET
dem-4207	31	26	conditional	conditional	ADJ
dem-4207	31	27	mean	mean	NOUN
dem-4207	31	28	and	and	CCONJ
dem-4207	31	29	conditional	conditional	ADJ
dem-4207	31	30	variance	variance	NOUN
dem-4207	31	31	equations	equation	NOUN
dem-4207	31	32	,	,	PUNCT
dem-4207	31	33	i.e.	i.e.	X
dem-4207	31	34	in	in	ADP
dem-4207	31	35	(	(	PUNCT
dem-4207	31	36	2	2	NUM
dem-4207	31	37	)	)	PUNCT
dem-4207	31	38	and	and	CCONJ
dem-4207	31	39	(	(	PUNCT
dem-4207	31	40	3	3	NUM
dem-4207	31	41	)	)	PUNCT
dem-4207	31	42	,	,	PUNCT
dem-4207	31	43	respectively	respectively	ADV
dem-4207	31	44	.	.	PUNCT
dem-4207	32	1	1	1	NUM
dem-4207	32	2	we	we	PRON
dem-4207	32	3	use	use	VERB
dem-4207	32	4	the	the	DET
dem-4207	32	5	autoregressive	autoregressive	ADJ
dem-4207	32	6	structure	structure	NOUN
dem-4207	32	7	,	,	PUNCT
dem-4207	32	8	because	because	SCONJ
dem-4207	32	9	financial	financial	ADJ
dem-4207	32	10	time	time	NOUN
dem-4207	32	11	series	series	NOUN
dem-4207	32	12	such	such	ADJ
dem-4207	32	13	as	as	ADP
dem-4207	32	14	stock	stock	NOUN
dem-4207	32	15	market	market	NOUN
dem-4207	32	16	indices	index	NOUN
dem-4207	32	17	often	often	ADV
dem-4207	32	18	present	present	VERB
dem-4207	32	19	positive	positive	ADJ
dem-4207	32	20	autocorrelation	autocorrelation	NOUN
dem-4207	32	21	of	of	ADP
dem-4207	32	22	order	order	NOUN
dem-4207	32	23	one	one	NUM
dem-4207	32	24	of	of	ADP
dem-4207	32	25	the	the	DET
dem-4207	32	26	returns	return	NOUN
dem-4207	32	27	(	(	PUNCT
dem-4207	32	28	see	see	VERB
dem-4207	32	29	campbell	campbell	PROPN
dem-4207	32	30	et	et	PROPN
dem-4207	32	31	al	al	PROPN
dem-4207	32	32	.	.	PROPN
dem-4207	32	33	,	,	PUNCT
dem-4207	32	34	1997	1997	NUM
dem-4207	32	35	)	)	PUNCT
dem-4207	32	36	.	.	PUNCT
dem-4207	33	1	bayesian	bayesian	NOUN
dem-4207	33	2	analysis	analysis	NOUN
dem-4207	33	3	of	of	ADP
dem-4207	33	4	the	the	DET
dem-4207	33	5	box	box	NOUN
dem-4207	33	6	-	-	PUNCT
dem-4207	33	7	cox	cox	PROPN
dem-4207	33	8	transformation	transformation	NOUN
dem-4207	33	9	in	in	ADP
dem-4207	33	10	stochastic	stochastic	ADJ
dem-4207	33	11	volatility	volatility	NOUN
dem-4207	33	12	models	model	NOUN
dem-4207	33	13	83	83	NUM
dem-4207	33	14	one	one	NUM
dem-4207	33	15	interpretation	interpretation	NOUN
dem-4207	33	16	for	for	ADP
dem-4207	33	17	the	the	DET
dem-4207	33	18	latent	latent	NOUN
dem-4207	33	19	variable	variable	NOUN
dem-4207	33	20	ht	ht	PROPN
dem-4207	33	21	is	be	AUX
dem-4207	33	22	that	that	SCONJ
dem-4207	33	23	it	it	PRON
dem-4207	33	24	represents	represent	VERB
dem-4207	33	25	the	the	DET
dem-4207	33	26	random	random	ADJ
dem-4207	33	27	,	,	PUNCT
dem-4207	33	28	uneven	uneven	ADJ
dem-4207	33	29	and	and	CCONJ
dem-4207	33	30	autocorrelated	autocorrelated	ADJ
dem-4207	33	31	flow	flow	NOUN
dem-4207	33	32	of	of	ADP
dem-4207	33	33	new	new	ADJ
dem-4207	33	34	information	information	NOUN
dem-4207	33	35	into	into	ADP
dem-4207	33	36	financial	financial	ADJ
dem-4207	33	37	markets	market	NOUN
dem-4207	33	38	(	(	PUNCT
dem-4207	33	39	see	see	VERB
dem-4207	33	40	clark	clark	NOUN
dem-4207	33	41	,	,	PUNCT
dem-4207	33	42	1973	1973	NUM
dem-4207	33	43	)	)	PUNCT
dem-4207	33	44	.	.	PUNCT
dem-4207	34	1	the	the	DET
dem-4207	34	2	parameter	parameter	PROPN
dem-4207	34	3	φ	φ	PROPN
dem-4207	34	4	is	be	AUX
dem-4207	34	5	related	relate	VERB
dem-4207	34	6	to	to	ADP
dem-4207	34	7	the	the	DET
dem-4207	34	8	volatility	volatility	NOUN
dem-4207	34	9	persistence	persistence	NOUN
dem-4207	34	10	,	,	PUNCT
dem-4207	34	11	and	and	CCONJ
dem-4207	34	12	σh	σh	PROPN
dem-4207	34	13	is	be	AUX
dem-4207	34	14	the	the	DET
dem-4207	34	15	volatility	volatility	NOUN
dem-4207	34	16	of	of	ADP
dem-4207	34	17	the	the	DET
dem-4207	34	18	log	log	NOUN
dem-4207	34	19	-	-	PUNCT
dem-4207	34	20	volatility	volatility	NOUN
dem-4207	34	21	.	.	PUNCT
dem-4207	35	1	the	the	DET
dem-4207	35	2	above	above	ADJ
dem-4207	35	3	model	model	NOUN
dem-4207	35	4	captures	capture	VERB
dem-4207	35	5	the	the	DET
dem-4207	35	6	leverage	leverage	NOUN
dem-4207	35	7	effect	effect	NOUN
dem-4207	35	8	when	when	SCONJ
dem-4207	35	9	the	the	DET
dem-4207	35	10	correlation	correlation	NOUN
dem-4207	35	11	ρ	ρ	NOUN
dem-4207	35	12	is	be	AUX
dem-4207	35	13	negative	negative	ADJ
dem-4207	35	14	.	.	PUNCT
dem-4207	36	1	in	in	ADP
dem-4207	36	2	fact	fact	NOUN
dem-4207	36	3	,	,	PUNCT
dem-4207	36	4	if	if	SCONJ
dem-4207	36	5	ρ	ρ	PROPN
dem-4207	36	6	is	be	AUX
dem-4207	36	7	negative	negative	ADJ
dem-4207	36	8	,	,	PUNCT
dem-4207	36	9	then	then	ADV
dem-4207	36	10	a	a	DET
dem-4207	36	11	negative	negative	ADJ
dem-4207	36	12	innovation	innovation	NOUN
dem-4207	36	13	ut	ut	PROPN
dem-4207	36	14	is	be	AUX
dem-4207	36	15	associated	associate	VERB
dem-4207	36	16	with	with	ADP
dem-4207	36	17	higher	high	ADJ
dem-4207	36	18	contemporaneous	contemporaneous	ADJ
dem-4207	36	19	and	and	CCONJ
dem-4207	36	20	subsequent	subsequent	ADJ
dem-4207	36	21	volatilities	volatility	NOUN
dem-4207	36	22	.	.	PUNCT
dem-4207	37	1	on	on	ADP
dem-4207	37	2	the	the	DET
dem-4207	37	3	other	other	ADJ
dem-4207	37	4	hand	hand	NOUN
dem-4207	37	5	,	,	PUNCT
dem-4207	37	6	a	a	DET
dem-4207	37	7	positive	positive	ADJ
dem-4207	37	8	innovation	innovation	NOUN
dem-4207	37	9	ut	ut	PROPN
dem-4207	37	10	is	be	AUX
dem-4207	37	11	connected	connect	VERB
dem-4207	37	12	with	with	ADP
dem-4207	37	13	a	a	DET
dem-4207	37	14	decrease	decrease	NOUN
dem-4207	37	15	in	in	ADP
dem-4207	37	16	volatility	volatility	NOUN
dem-4207	37	17	(	(	PUNCT
dem-4207	37	18	see	see	VERB
dem-4207	37	19	jacquier	jacquier	ADV
dem-4207	37	20	et	et	PROPN
dem-4207	37	21	al	al	PROPN
dem-4207	37	22	.	.	PROPN
dem-4207	37	23	,	,	PUNCT
dem-4207	37	24	2004	2004	NUM
dem-4207	37	25	)	)	PUNCT
dem-4207	37	26	.	.	PUNCT
dem-4207	38	1	the	the	DET
dem-4207	38	2	bayesian	bayesian	NOUN
dem-4207	38	3	model	model	NOUN
dem-4207	38	4	is	be	AUX
dem-4207	38	5	characterized	characterize	VERB
dem-4207	38	6	by	by	ADP
dem-4207	38	7	the	the	DET
dem-4207	38	8	joint	joint	ADJ
dem-4207	38	9	probability	probability	NOUN
dem-4207	38	10	density	density	NOUN
dem-4207	38	11	function	function	NOUN
dem-4207	38	12	of	of	ADP
dem-4207	38	13	the	the	DET
dem-4207	38	14	untransformed	untransformed	ADJ
dem-4207	38	15	xt	xt	PROPN
dem-4207	38	16	/	/	SYM
dem-4207	38	17	xt-1	xt-1	PROPN
dem-4207	38	18	ratios	ratio	NOUN
dem-4207	38	19	(	(	PUNCT
dem-4207	38	20	i.e.	i.e.	X
dem-4207	38	21	y	y	X
dem-4207	38	22	=	=	SYM
dem-4207	38	23	(	(	PUNCT
dem-4207	38	24	y1	y1	PROPN
dem-4207	38	25	,	,	PUNCT
dem-4207	38	26	...	...	PUNCT
dem-4207	38	27	,	,	PUNCT
dem-4207	38	28	yt)′	yt)′	PROPN
dem-4207	38	29	,	,	PUNCT
dem-4207	38	30	where	where	SCONJ
dem-4207	38	31	yt	yt	PROPN
dem-4207	38	32	=	=	SYM
dem-4207	38	33	xt	xt	PROPN
dem-4207	38	34	/	/	SYM
dem-4207	38	35	xt-1	xt-1	PROPN
dem-4207	38	36	)	)	PUNCT
dem-4207	38	37	,	,	PUNCT
dem-4207	38	38	the	the	DET
dem-4207	38	39	latent	latent	NOUN
dem-4207	38	40	variables	variable	NOUN
dem-4207	38	41	(	(	PUNCT
dem-4207	38	42	i.e.	i.e.	X
dem-4207	38	43	h	h	NOUN
dem-4207	38	44	=	=	SYM
dem-4207	38	45	(	(	PUNCT
dem-4207	38	46	h1	h1	PROPN
dem-4207	38	47	,	,	PUNCT
dem-4207	38	48	...	...	PUNCT
dem-4207	38	49	,	,	PUNCT
dem-4207	38	50	ht)′	ht)′	PROPN
dem-4207	38	51	,	,	PUNCT
dem-4207	38	52	ω	ω	PROPN
dem-4207	38	53	=	=	SYM
dem-4207	38	54	(	(	PUNCT
dem-4207	38	55	ω1	ω1	PROPN
dem-4207	38	56	,	,	PUNCT
dem-4207	38	57	...	...	PUNCT
dem-4207	38	58	,	,	PUNCT
dem-4207	38	59	ωt)′	ωt)′	NUM
dem-4207	38	60	)	)	PUNCT
dem-4207	38	61	,	,	PUNCT
dem-4207	38	62	and	and	CCONJ
dem-4207	38	63	of	of	ADP
dem-4207	38	64	the	the	DET
dem-4207	38	65	parameter	parameter	NOUN
dem-4207	38	66	vector	vector	NOUN
dem-4207	38	67	θ	θ	PROPN
dem-4207	38	68	:	:	PUNCT
dem-4207	38	69	)	)	PUNCT
dem-4207	38	70	(	(	PUNCT
dem-4207	38	71	)	)	PUNCT
dem-4207	38	72	,	,	PUNCT
dem-4207	38	73	|,,()|	|,,()|	PROPN
dem-4207	38	74	,	,	PUNCT
dem-4207	38	75	,	,	PUNCT
dem-4207	38	76	,	,	PUNCT
dem-4207	38	77	(	(	PUNCT
dem-4207	38	78	)	)	PUNCT
dem-4207	38	79	0()0	0()0	PROPN
dem-4207	38	80	(	(	PUNCT
dem-4207	38	81	θyθωhyyθωhy	θyθωhyyθωhy	NOUN
dem-4207	38	82	ppp	ppp	NOUN
dem-4207	38	83	=	=	PRON
dem-4207	38	84	,	,	PUNCT
dem-4207	38	85	(	(	PUNCT
dem-4207	38	86	4	4	X
dem-4207	38	87	)	)	PUNCT
dem-4207	38	88	where	where	SCONJ
dem-4207	38	89	,	,	PUNCT
dem-4207	38	90	)	)	PUNCT
dem-4207	38	91	2(||	2(||	PROPN
dem-4207	38	92	|),(|	|),(|	PROPN
dem-4207	38	93	'	'	PART
dem-4207	38	94	2	2	NUM
dem-4207	38	95	1exp)|(),|	1exp)|(),|	NUM
dem-4207	38	96	,	,	PUNCT
dem-4207	38	97	,	,	PUNCT
dem-4207	38	98	(	(	PUNCT
dem-4207	38	99	5.1	5.1	NUM
dem-4207	38	100	1	1	NUM
dem-4207	38	101	5.05.0	5.05.0	NUM
dem-4207	38	102	*	*	SYM
dem-4207	38	103	1	1	NUM
dem-4207	38	104	1	1	NUM
dem-4207	38	105	*	*	NUM
dem-4207	38	106	)	)	PUNCT
dem-4207	38	107	0	0	NUM
dem-4207	38	108	(	(	PUNCT
dem-4207	38	109	−	−	PROPN
dem-4207	38	110	=	=	SYM
dem-4207	38	111	−−	−−	NOUN
dem-4207	38	112	=	=	SYM
dem-4207	38	113	−	−	PROPN
dem-4207	38	114	∏	∏	NUM
dem-4207	38	115	∑	∑	PROPN
dem-4207	38	116	×	×	PROPN
dem-4207	38	117	×	×	PROPN
dem-4207	38	118	⎭	⎭	PROPN
dem-4207	38	119	⎬	⎬	PROPN
dem-4207	38	120	⎫	⎫	PROPN
dem-4207	38	121	⎩	⎩	PUNCT
dem-4207	38	122	⎨	⎨	ADJ
dem-4207	38	123	⎧	⎧	ADJ
dem-4207	38	124	⎟⎟	⎟⎟	ADJ
dem-4207	38	125	⎠	⎠	NOUN
dem-4207	38	126	⎞	⎞	NOUN
dem-4207	38	127	⎜⎜	⎜⎜	NOUN
dem-4207	38	128	⎝	⎝	PUNCT
dem-4207	38	129	⎛	⎛	NOUN
dem-4207	38	130	−=	−=	ADP
dem-4207	38	131	t	t	PROPN
dem-4207	38	132	t	t	PROPN
dem-4207	38	133	t	t	PROPN
dem-4207	38	134	t	t	PROPN
dem-4207	38	135	tt	tt	PROPN
dem-4207	38	136	t	t	PROPN
dem-4207	38	137	t	t	X
dem-4207	38	138	tt	tt	PROPN
dem-4207	38	139	h	h	PROPN
dem-4207	38	140	jtrvpp	jtrvpp	PROPN
dem-4207	38	141	ωπ	ωπ	PROPN
dem-4207	38	142	λ	λ	PROPN
dem-4207	38	143	σ	σ	NUM
dem-4207	38	144	yrrσωyθωhy	yrrσωyθωhy	NOUN
dem-4207	38	145	)	)	PUNCT
dem-4207	38	146	,	,	PUNCT
dem-4207	38	147	(	(	PUNCT
dem-4207	38	148	2	2	NUM
dem-4207	38	149	exp	exp	NOUN
dem-4207	38	150	22	22	NUM
dem-4207	38	151	)	)	PUNCT
dem-4207	38	152	|	|	NOUN
dem-4207	38	153	(	(	PUNCT
dem-4207	38	154	)	)	PUNCT
dem-4207	38	155	,	,	PUNCT
dem-4207	38	156	0	0	NUM
dem-4207	38	157	(	(	PUNCT
dem-4207	38	158	1	1	NUM
dem-4207	38	159	2	2	NUM
dem-4207	38	160	1	1	NUM
dem-4207	38	161	1	1	NUM
dem-4207	38	162	2	2	NUM
dem-4207	38	163	ttt	ttt	NOUN
dem-4207	38	164	t	t	PROPN
dem-4207	38	165	t	t	NOUN
dem-4207	38	166	ip	ip	ADV
dem-4207	38	167	ωωνωννν	ωωνωννν	ADV
dem-4207	38	168	ν	ν	ADP
dem-4207	38	169	ν	ν	X
dem-4207	38	170	+	+	PROPN
dem-4207	38	171	∞	∞	PROPN
dem-4207	38	172	−	−	NOUN
dem-4207	38	173	=	=	SYM
dem-4207	38	174	−	−	PROPN
dem-4207	38	175	⎟	⎟	X
dem-4207	38	176	⎠	⎠	X
dem-4207	38	177	⎞	⎞	VERB
dem-4207	38	178	⎜	⎜	PROPN
dem-4207	38	179	⎝	⎝	X
dem-4207	38	180	⎛−⎟	⎛−⎟	NUM
dem-4207	38	181	⎠	⎠	NOUN
dem-4207	38	182	⎞	⎞	PROPN
dem-4207	38	183	⎜	⎜	PROPN
dem-4207	38	184	⎝	⎝	PUNCT
dem-4207	38	185	⎛γ⎟	⎛γ⎟	PROPN
dem-4207	38	186	⎠	⎠	X
dem-4207	38	187	⎞	⎞	NOUN
dem-4207	38	188	⎜	⎜	PROPN
dem-4207	38	189	⎝	⎝	PUNCT
dem-4207	38	190	⎛=	⎛=	PROPN
dem-4207	38	191	∏ω	∏ω	X
dem-4207	38	192	,	,	PUNCT
dem-4207	38	193	1	1	NUM
dem-4207	38	194	2	2	NUM
dem-4207	38	195	*	*	PUNCT
dem-4207	38	196	⎟⎟	⎟⎟	ADJ
dem-4207	38	197	⎠	⎠	NOUN
dem-4207	38	198	⎞	⎞	NOUN
dem-4207	38	199	⎜⎜	⎜⎜	NOUN
dem-4207	38	200	⎝	⎝	PUNCT
dem-4207	38	201	⎛	⎛	NOUN
dem-4207	38	202	=	=	SYM
dem-4207	38	203	hh	hh	PROPN
dem-4207	38	204	h	h	NOUN
dem-4207	38	205	σρσ	σρσ	NOUN
dem-4207	38	206	ρσ	ρσ	ADP
dem-4207	38	207	σ	σ	PROPN
dem-4207	38	208	,	,	PUNCT
dem-4207	38	209	)	)	PUNCT
dem-4207	38	210	'	'	PUNCT
dem-4207	38	211	,	,	PUNCT
dem-4207	38	212	(	(	PUNCT
dem-4207	38	213	thtt	thtt	NOUN
dem-4207	38	214	u	u	NOUN
dem-4207	38	215	ησ	ησ	NOUN
dem-4207	38	216	=	=	NOUN
dem-4207	38	217	r	r	NOUN
dem-4207	38	218	,	,	PUNCT
dem-4207	38	219	)	)	PUNCT
dem-4207	38	220	'	'	PUNCT
dem-4207	38	221	,	,	PUNCT
dem-4207	38	222	,	,	PUNCT
dem-4207	38	223	,	,	PUNCT
dem-4207	38	224	,	,	PUNCT
dem-4207	38	225	,	,	PUNCT
dem-4207	38	226	,	,	PUNCT
dem-4207	38	227	,	,	PUNCT
dem-4207	38	228	(	(	PUNCT
dem-4207	38	229	2	2	NUM
dem-4207	38	230	11	11	NUM
dem-4207	38	231	λνρσφγρδ	λνρσφγρδ	NOUN
dem-4207	38	232	h	h	NOUN
dem-4207	38	233	=	=	PROPN
dem-4207	38	234	θ	θ	PROPN
dem-4207	38	235	y(0	y(0	PROPN
dem-4207	38	236	)	)	PUNCT
dem-4207	38	237	denotes	denote	NOUN
dem-4207	38	238	initial	initial	ADJ
dem-4207	38	239	values	value	NOUN
dem-4207	38	240	.	.	PUNCT
dem-4207	39	1	the	the	DET
dem-4207	39	2	jacobian	jacobian	PROPN
dem-4207	39	3	j(λ	j(λ	PROPN
dem-4207	39	4	,	,	PUNCT
dem-4207	39	5	y	y	PROPN
dem-4207	39	6	)	)	PUNCT
dem-4207	39	7	is	be	AUX
dem-4207	39	8	.	.	PUNCT
dem-4207	39	9	)	)	PUNCT
dem-4207	39	10	,	,	PUNCT
dem-4207	39	11	(	(	PUNCT
dem-4207	39	12	1	1	NUM
dem-4207	39	13	1∏	1∏	NUM
dem-4207	39	14	=	=	SYM
dem-4207	39	15	−=	−=	NUM
dem-4207	39	16	t	t	PROPN
dem-4207	39	17	t	t	NOUN
dem-4207	39	18	tyj	tyj	NOUN
dem-4207	40	1	λλ	λλ	ADP
dem-4207	40	2	y	y	PROPN
dem-4207	40	3	our	our	PRON
dem-4207	40	4	model	model	NOUN
dem-4207	40	5	specification	specification	NOUN
dem-4207	40	6	gets	get	AUX
dem-4207	40	7	completed	complete	VERB
dem-4207	40	8	by	by	ADP
dem-4207	40	9	assuming	assume	VERB
dem-4207	40	10	the	the	DET
dem-4207	40	11	following	follow	VERB
dem-4207	40	12	prior	prior	ADJ
dem-4207	40	13	structure	structure	NOUN
dem-4207	40	14	:	:	PUNCT
dem-4207	40	15	)	)	PUNCT
dem-4207	40	16	,	,	PUNCT
dem-4207	40	17	(	(	PUNCT
dem-4207	40	18	)	)	PUNCT
dem-4207	40	19	(	(	PUNCT
dem-4207	40	20	)	)	PUNCT
dem-4207	40	21	,	,	PUNCT
dem-4207	40	22	(	(	PUNCT
dem-4207	40	23	)	)	PUNCT
dem-4207	40	24	(	(	PUNCT
dem-4207	40	25	)	)	PUNCT
dem-4207	40	26	(	(	PUNCT
dem-4207	40	27	)	)	PUNCT
dem-4207	40	28	(	(	PUNCT
dem-4207	40	29	)	)	PUNCT
dem-4207	40	30	(	(	PUNCT
dem-4207	40	31	)	)	PUNCT
dem-4207	40	32	,	,	PUNCT
dem-4207	40	33	,	,	PUNCT
dem-4207	40	34	,	,	PUNCT
dem-4207	40	35	,	,	PUNCT
dem-4207	40	36	,	,	PUNCT
dem-4207	40	37	,	,	PUNCT
dem-4207	40	38	,	,	PUNCT
dem-4207	40	39	(	(	PUNCT
dem-4207	40	40	2	2	NUM
dem-4207	40	41	11	11	NUM
dem-4207	40	42	2	2	NUM
dem-4207	40	43	11	11	NUM
dem-4207	40	44	λνρσφγρδλνρσφγρδ	λνρσφγρδλνρσφγρδ	NOUN
dem-4207	40	45	pppppppp	pppppppp	NOUN
dem-4207	40	46	hh	hh	PROPN
dem-4207	41	1	=	=	SYM
dem-4207	41	2	where	where	SCONJ
dem-4207	41	3	we	we	PRON
dem-4207	41	4	use	use	VERB
dem-4207	41	5	proper	proper	ADJ
dem-4207	41	6	prior	prior	ADJ
dem-4207	41	7	densities	density	NOUN
dem-4207	41	8	of	of	ADP
dem-4207	41	9	the	the	DET
dem-4207	41	10	following	follow	VERB
dem-4207	41	11	distributions	distribution	NOUN
dem-4207	41	12	:	:	PUNCT
dem-4207	41	13	δ1	δ1	NOUN
dem-4207	41	14	~	~	SYM
dem-4207	41	15	n(0	n(0	PROPN
dem-4207	41	16	,	,	PUNCT
dem-4207	41	17	1	1	NUM
dem-4207	41	18	)	)	PUNCT
dem-4207	41	19	,	,	PUNCT
dem-4207	41	20	ρ1	ρ1	NOUN
dem-4207	41	21	~	~	PUNCT
dem-4207	41	22	u(-1,1	u(-1,1	X
dem-4207	41	23	)	)	PUNCT
dem-4207	41	24	γ	γ	X
dem-4207	41	25	~	~	SYM
dem-4207	41	26	n(0	n(0	PROPN
dem-4207	41	27	,	,	PUNCT
dem-4207	41	28	100	100	NUM
dem-4207	41	29	)	)	PUNCT
dem-4207	41	30	,	,	PUNCT
dem-4207	41	31	φ	φ	PROPN
dem-4207	41	32	~	~	PUNCT
dem-4207	41	33	n(0	n(0	PROPN
dem-4207	41	34	,	,	PUNCT
dem-4207	41	35	100	100	NUM
dem-4207	41	36	)	)	PUNCT
dem-4207	41	37	i(-1,1)(φ	i(-1,1)(φ	NOUN
dem-4207	41	38	)	)	PUNCT
dem-4207	41	39	,	,	PUNCT
dem-4207	41	40	v	v	ADP
dem-4207	41	41	~	~	PUNCT
dem-4207	41	42	exp(0.1	exp(0.1	NUM
dem-4207	41	43	)	)	PUNCT
dem-4207	41	44	,	,	PUNCT
dem-4207	41	45	τ	τ	X
dem-4207	41	46	~	~	PUNCT
dem-4207	41	47	ig(1	ig(1	NOUN
dem-4207	41	48	,	,	PUNCT
dem-4207	41	49	0.005	0.005	NUM
dem-4207	41	50	)	)	PUNCT
dem-4207	41	51	,	,	PUNCT
dem-4207	41	52	ψ|τ	ψ|τ	PUNCT
dem-4207	42	1	~	~	PUNCT
dem-4207	42	2	n(0	n(0	PROPN
dem-4207	42	3	,	,	PUNCT
dem-4207	42	4	τ	τ	PROPN
dem-4207	42	5	/2	/2	PUNCT
dem-4207	42	6	)	)	PUNCT
dem-4207	42	7	,	,	PUNCT
dem-4207	42	8	)	)	PUNCT
dem-4207	42	9	1	1	NUM
dem-4207	42	10	(	(	PUNCT
dem-4207	42	11	,	,	PUNCT
dem-4207	42	12	22	22	NUM
dem-4207	42	13	ρστρσψ	ρστρσψ	NOUN
dem-4207	42	14	−==	−==	ADJ
dem-4207	42	15	hh	hh	VERB
dem-4207	42	16	.	.	PUNCT
dem-4207	43	1	the	the	DET
dem-4207	43	2	prior	prior	ADJ
dem-4207	43	3	distribution	distribution	NOUN
dem-4207	43	4	for	for	ADP
dem-4207	43	5	δ1	δ1	NOUN
dem-4207	43	6	is	be	AUX
dem-4207	43	7	standardized	standardize	VERB
dem-4207	43	8	normal	normal	ADJ
dem-4207	43	9	,	,	PUNCT
dem-4207	43	10	u(-1,1	u(-1,1	NOUN
dem-4207	43	11	)	)	PUNCT
dem-4207	43	12	denotes	denote	VERB
dem-4207	43	13	the	the	DET
dem-4207	43	14	uniform	uniform	ADJ
dem-4207	43	15	distribution	distribution	NOUN
dem-4207	43	16	over	over	ADP
dem-4207	43	17	(	(	PUNCT
dem-4207	43	18	-1,1	-1,1	NOUN
dem-4207	43	19	)	)	PUNCT
dem-4207	43	20	.	.	PUNCT
dem-4207	44	1	the	the	DET
dem-4207	44	2	prior	prior	ADJ
dem-4207	44	3	distribution	distribution	NOUN
dem-4207	44	4	for	for	ADP
dem-4207	44	5	φ	φ	PROPN
dem-4207	44	6	is	be	AUX
dem-4207	44	7	normal	normal	ADJ
dem-4207	44	8	,	,	PUNCT
dem-4207	44	9	truncated	truncate	VERB
dem-4207	44	10	by	by	ADP
dem-4207	44	11	the	the	DET
dem-4207	44	12	restriction	restriction	NOUN
dem-4207	44	13	that	that	SCONJ
dem-4207	44	14	the	the	DET
dem-4207	44	15	absolute	absolute	ADJ
dem-4207	44	16	value	value	NOUN
dem-4207	44	17	of	of	ADP
dem-4207	44	18	φ	φ	PROPN
dem-4207	44	19	is	be	AUX
dem-4207	44	20	less	less	ADJ
dem-4207	44	21	than	than	ADP
dem-4207	44	22	one	one	NUM
dem-4207	44	23	(	(	PUNCT
dem-4207	44	24	i(-1	i(-1	PROPN
dem-4207	44	25	,	,	PUNCT
dem-4207	44	26	1	1	NUM
dem-4207	44	27	)	)	PUNCT
dem-4207	44	28	(	(	PUNCT
dem-4207	44	29	.	.	PUNCT
dem-4207	44	30	)	)	PUNCT
dem-4207	44	31	denotes	denote	VERB
dem-4207	44	32	the	the	DET
dem-4207	44	33	indicator	indicator	NOUN
dem-4207	44	34	function	function	NOUN
dem-4207	44	35	of	of	ADP
dem-4207	44	36	the	the	DET
dem-4207	44	37	interval	interval	NOUN
dem-4207	44	38	(	(	PUNCT
dem-4207	44	39	-1	-1	INTJ
dem-4207	44	40	,	,	PUNCT
dem-4207	44	41	1	1	NUM
dem-4207	44	42	)	)	PUNCT
dem-4207	44	43	,	,	PUNCT
dem-4207	44	44	which	which	PRON
dem-4207	44	45	is	be	AUX
dem-4207	44	46	the	the	DET
dem-4207	44	47	region	region	NOUN
dem-4207	44	48	of	of	ADP
dem-4207	44	49	stationarity	stationarity	NOUN
dem-4207	44	50	of	of	ADP
dem-4207	44	51	lnht	lnht	NOUN
dem-4207	44	52	)	)	PUNCT
dem-4207	44	53	.	.	PUNCT
dem-4207	45	1	the	the	DET
dem-4207	45	2	symbol	symbol	NOUN
dem-4207	45	3	ig(v0	ig(v0	VERB
dem-4207	45	4	,	,	PUNCT
dem-4207	45	5	s0	s0	PROPN
dem-4207	45	6	)	)	PUNCT
dem-4207	45	7	denotes	denote	VERB
dem-4207	45	8	the	the	DET
dem-4207	45	9	inverse	inverse	NOUN
dem-4207	45	10	gamma	gamma	NOUN
dem-4207	45	11	distribution	distribution	NOUN
dem-4207	45	12	with	with	ADP
dem-4207	45	13	mean	mean	ADJ
dem-4207	45	14	anna	anna	NOUN
dem-4207	45	15	pajor	pajor	PROPN
dem-4207	45	16	84	84	NUM
dem-4207	45	17	s0/(v0	s0/(v0	NOUN
dem-4207	45	18	-	-	PUNCT
dem-4207	45	19	1	1	NUM
dem-4207	45	20	)	)	PUNCT
dem-4207	45	21	and	and	CCONJ
dem-4207	45	22	variance	variance	NOUN
dem-4207	45	23	)	)	PUNCT
dem-4207	45	24	]	]	PUNCT
dem-4207	46	1	2()1/	2()1/	NUM
dem-4207	46	2	[	[	X
dem-4207	46	3	(	(	PUNCT
dem-4207	46	4	0	0	NUM
dem-4207	46	5	2	2	NUM
dem-4207	46	6	0	0	NUM
dem-4207	46	7	2	2	NUM
dem-4207	46	8	0	0	NUM
dem-4207	46	9	−−	−−	NOUN
dem-4207	46	10	vvs	vvs	NOUN
dem-4207	46	11	(	(	PUNCT
dem-4207	46	12	thus	thus	ADV
dem-4207	46	13	,	,	PUNCT
dem-4207	46	14	when	when	SCONJ
dem-4207	46	15	ρ	ρ	PROPN
dem-4207	46	16	=	=	SYM
dem-4207	46	17	0	0	PROPN
dem-4207	46	18	,	,	PUNCT
dem-4207	46	19	the	the	DET
dem-4207	46	20	prior	prior	ADJ
dem-4207	46	21	mean	mean	NOUN
dem-4207	46	22	for	for	SCONJ
dem-4207	46	23	2	2	NUM
dem-4207	46	24	hσ	hσ	NOUN
dem-4207	46	25	does	do	AUX
dem-4207	46	26	not	not	PART
dem-4207	46	27	exist	exist	VERB
dem-4207	46	28	,	,	PUNCT
dem-4207	46	29	but	but	CCONJ
dem-4207	46	30	the	the	DET
dem-4207	46	31	precision	precision	NOUN
dem-4207	46	32	,	,	PUNCT
dem-4207	46	33	2−	2−	NUM
dem-4207	46	34	hσ	hσ	NOUN
dem-4207	46	35	,	,	PUNCT
dem-4207	46	36	has	have	VERB
dem-4207	46	37	a	a	DET
dem-4207	46	38	gamma	gamma	NOUN
dem-4207	46	39	prior	prior	ADV
dem-4207	46	40	with	with	ADP
dem-4207	46	41	mean	mean	PROPN
dem-4207	46	42	200	200	NUM
dem-4207	46	43	and	and	CCONJ
dem-4207	46	44	standard	standard	ADJ
dem-4207	46	45	deviation	deviation	NOUN
dem-4207	46	46	200	200	NUM
dem-4207	46	47	)	)	PUNCT
dem-4207	46	48	.	.	PUNCT
dem-4207	47	1	the	the	DET
dem-4207	47	2	symbol	symbol	NOUN
dem-4207	47	3	exp(a	exp(a	NOUN
dem-4207	47	4	)	)	PUNCT
dem-4207	47	5	denotes	denote	VERB
dem-4207	47	6	the	the	DET
dem-4207	47	7	exponential	exponential	ADJ
dem-4207	47	8	distribution	distribution	NOUN
dem-4207	47	9	with	with	ADP
dem-4207	47	10	mean	mean	NOUN
dem-4207	47	11	1	1	NUM
dem-4207	47	12	/	/	SYM
dem-4207	47	13	a	a	PRON
dem-4207	47	14	(	(	PUNCT
dem-4207	47	15	thus	thus	ADV
dem-4207	47	16	the	the	DET
dem-4207	47	17	prior	prior	ADJ
dem-4207	47	18	mean	mean	NOUN
dem-4207	47	19	for	for	ADP
dem-4207	47	20	v	v	NOUN
dem-4207	47	21	is	be	AUX
dem-4207	47	22	equal	equal	ADJ
dem-4207	47	23	to	to	ADP
dem-4207	47	24	10	10	NUM
dem-4207	47	25	with	with	ADP
dem-4207	47	26	the	the	DET
dem-4207	47	27	standard	standard	ADJ
dem-4207	47	28	deviation	deviation	NOUN
dem-4207	47	29	equals	equal	VERB
dem-4207	47	30	10	10	NUM
dem-4207	47	31	)	)	PUNCT
dem-4207	47	32	.	.	PUNCT
dem-4207	48	1	the	the	DET
dem-4207	48	2	prior	prior	ADJ
dem-4207	48	3	distribution	distribution	NOUN
dem-4207	48	4	for	for	ADP
dem-4207	48	5	(	(	PUNCT
dem-4207	48	6	ψ	ψ	X
dem-4207	48	7	,	,	PUNCT
dem-4207	48	8	τ	τ	X
dem-4207	48	9	)	)	PUNCT
dem-4207	48	10	induces	induce	VERB
dem-4207	48	11	a	a	DET
dem-4207	48	12	prior	prior	ADJ
dem-4207	48	13	distribution	distribution	NOUN
dem-4207	48	14	for	for	ADP
dem-4207	48	15	)	)	PUNCT
dem-4207	48	16	,	,	PUNCT
dem-4207	48	17	(	(	PUNCT
dem-4207	48	18	2	2	NUM
dem-4207	48	19	hσρ	hσρ	NOUN
dem-4207	48	20	,	,	PUNCT
dem-4207	48	21	which	which	PRON
dem-4207	48	22	has	have	VERB
dem-4207	48	23	the	the	DET
dem-4207	48	24	following	follow	VERB
dem-4207	48	25	form	form	NOUN
dem-4207	48	26	:	:	PUNCT
dem-4207	48	27	,	,	PUNCT
dem-4207	48	28	)	)	PUNCT
dem-4207	48	29	1()()2	1()()2	PROPN
dem-4207	48	30	(	(	PUNCT
dem-4207	48	31	)	)	PUNCT
dem-4207	48	32	(	(	PUNCT
dem-4207	48	33	)	)	PUNCT
dem-4207	48	34	,	,	PUNCT
dem-4207	48	35	(	(	PUNCT
dem-4207	48	36	22	22	NUM
dem-4207	48	37	0	0	NUM
dem-4207	48	38	2	2	NUM
dem-4207	48	39	0	0	NUM
dem-4207	48	40	0	0	NUM
dem-4207	48	41	22	22	NUM
dem-4207	48	42	0	0	NUM
dem-4207	48	43	00	00	NUM
dem-4207	48	44	)	)	PUNCT
dem-4207	48	45	1(2	1(2	NUM
dem-4207	48	46	)	)	PUNCT
dem-4207	48	47	(	(	PUNCT
dem-4207	48	48	5.12)1(125.05.0	5.12)1(125.05.0	NOUN
dem-4207	48	49	0	0	NUM
dem-4207	48	50	1	1	NUM
dem-4207	48	51	00	00	NUM
dem-4207	48	52	2	2	NUM
dem-4207	48	53	hh	hh	NOUN
dem-4207	48	54	p	p	NOUN
dem-4207	48	55	v	v	ADP
dem-4207	48	56	s	s	X
dem-4207	48	57	v	v	NOUN
dem-4207	48	58	h	h	NOUN
dem-4207	48	59	v	v	NOUN
dem-4207	48	60	eepvsp	eepvsp	NOUN
dem-4207	48	61	σρ	σρ	AUX
dem-4207	48	62	ψρσ	ψρσ	PROPN
dem-4207	48	63	σρ	σρ	AUX
dem-4207	48	64	ρσπρσ	ρσπρσ	VERB
dem-4207	48	65	−	−	PROPN
dem-4207	48	66	−	−	NOUN
dem-4207	48	67	−	−	PROPN
dem-4207	48	68	−−−	−−−	NOUN
dem-4207	49	1	−	−	PROPN
dem-4207	50	1	+	+	NOUN
dem-4207	50	2	−−−	−−−	NOUN
dem-4207	50	3	−γ=	−γ=	NOUN
dem-4207	50	4	ν0	ν0	PROPN
dem-4207	50	5	=	=	SYM
dem-4207	50	6	1	1	NUM
dem-4207	50	7	,	,	PUNCT
dem-4207	50	8	s0	s0	NOUN
dem-4207	50	9	=	=	PUNCT
dem-4207	50	10	0.005	0.005	NUM
dem-4207	50	11	,	,	PUNCT
dem-4207	50	12	ψ0	ψ0	ADV
dem-4207	50	13	=	=	SYM
dem-4207	50	14	0	0	NUM
dem-4207	50	15	,	,	PUNCT
dem-4207	50	16	p0	p0	NOUN
dem-4207	50	17	=	=	SYM
dem-4207	50	18	2	2	NUM
dem-4207	50	19	(	(	PUNCT
dem-4207	50	20	similar	similar	ADJ
dem-4207	50	21	to	to	ADP
dem-4207	50	22	jacquier	jacquier	ADV
dem-4207	50	23	et	et	PROPN
dem-4207	50	24	al	al	PROPN
dem-4207	50	25	.	.	PROPN
dem-4207	50	26	,	,	PUNCT
dem-4207	50	27	2004	2004	NUM
dem-4207	50	28	)	)	PUNCT
dem-4207	50	29	.	.	PUNCT
dem-4207	51	1	as	as	ADV
dem-4207	51	2	far	far	ADV
dem-4207	51	3	as	as	ADP
dem-4207	51	4	the	the	DET
dem-4207	51	5	prior	prior	ADJ
dem-4207	51	6	distribution	distribution	NOUN
dem-4207	51	7	for	for	ADP
dem-4207	51	8	λ	λ	NOUN
dem-4207	51	9	,	,	PUNCT
dem-4207	51	10	we	we	PRON
dem-4207	51	11	assume	assume	VERB
dem-4207	51	12	that	that	SCONJ
dem-4207	51	13	our	our	PRON
dem-4207	51	14	prior	prior	ADJ
dem-4207	51	15	information	information	NOUN
dem-4207	51	16	regarding	regard	VERB
dem-4207	51	17	this	this	DET
dem-4207	51	18	parameter	parameter	NOUN
dem-4207	51	19	can	can	AUX
dem-4207	51	20	be	be	AUX
dem-4207	51	21	represented	represent	VERB
dem-4207	51	22	by	by	ADP
dem-4207	51	23	the	the	DET
dem-4207	51	24	following	following	NOUN
dem-4207	51	25	:	:	PUNCT
dem-4207	51	26	a	a	X
dem-4207	51	27	)	)	PUNCT
dem-4207	51	28	a	a	DET
dem-4207	51	29	non	non	ADJ
dem-4207	51	30	-	-	ADJ
dem-4207	51	31	standard	standard	ADJ
dem-4207	51	32	distribution	distribution	NOUN
dem-4207	51	33	on	on	ADP
dem-4207	51	34	the	the	DET
dem-4207	51	35	interval	interval	NOUN
dem-4207	51	36	[	[	X
dem-4207	51	37	0	0	NUM
dem-4207	51	38	,	,	PUNCT
dem-4207	51	39	1	1	NUM
dem-4207	51	40	]	]	NUM
dem-4207	51	41	:	:	PUNCT
dem-4207	51	42	)	)	PUNCT
dem-4207	51	43	1	1	NUM
dem-4207	51	44	(	(	PUNCT
dem-4207	51	45	)	)	PUNCT
dem-4207	51	46	(	(	PUNCT
dem-4207	51	47	xxep	xxep	PROPN
dem-4207	51	48	−−∝	−−∝	ADV
dem-4207	52	1	βλ	βλ	INTJ
dem-4207	52	2	,	,	PUNCT
dem-4207	52	3	where	where	SCONJ
dem-4207	52	4	β	β	X
dem-4207	52	5	=	=	SYM
dem-4207	52	6	30	30	NUM
dem-4207	52	7	.	.	PUNCT
dem-4207	53	1	this	this	DET
dem-4207	53	2	prior	prior	ADJ
dem-4207	53	3	distribution	distribution	NOUN
dem-4207	53	4	is	be	AUX
dem-4207	53	5	symmetrical	symmetrical	ADJ
dem-4207	53	6	and	and	CCONJ
dem-4207	53	7	u	u	ADJ
dem-4207	53	8	-	-	VERB
dem-4207	53	9	shaped	shaped	ADJ
dem-4207	53	10	,	,	PUNCT
dem-4207	53	11	as	as	SCONJ
dem-4207	53	12	shown	show	VERB
dem-4207	53	13	in	in	ADP
dem-4207	53	14	figure	figure	NOUN
dem-4207	53	15	1	1	NUM
dem-4207	53	16	.	.	PUNCT
dem-4207	54	1	b	b	X
dem-4207	54	2	)	)	PUNCT
dem-4207	54	3	the	the	DET
dem-4207	54	4	beta	beta	ADJ
dem-4207	54	5	distribution	distribution	NOUN
dem-4207	54	6	with	with	ADP
dem-4207	54	7	parameters	parameter	NOUN
dem-4207	54	8	0.5	0.5	NUM
dem-4207	54	9	and	and	CCONJ
dem-4207	54	10	0.5	0.5	NUM
dem-4207	54	11	;	;	PUNCT
dem-4207	54	12	c	c	X
dem-4207	54	13	)	)	PUNCT
dem-4207	54	14	the	the	DET
dem-4207	54	15	uniform	uniform	ADJ
dem-4207	54	16	distribution	distribution	NOUN
dem-4207	54	17	on	on	ADP
dem-4207	54	18	the	the	DET
dem-4207	54	19	interval	interval	NOUN
dem-4207	55	1	[	[	X
dem-4207	55	2	0	0	NUM
dem-4207	55	3	,	,	PUNCT
dem-4207	55	4	1	1	NUM
dem-4207	55	5	]	]	PUNCT
dem-4207	55	6	;	;	PUNCT
dem-4207	55	7	d	d	X
dem-4207	55	8	)	)	PUNCT
dem-4207	55	9	the	the	DET
dem-4207	55	10	exponential	exponential	ADJ
dem-4207	55	11	distribution	distribution	NOUN
dem-4207	55	12	with	with	ADP
dem-4207	55	13	mean	mean	NOUN
dem-4207	55	14	1	1	NUM
dem-4207	55	15	;	;	PUNCT
dem-4207	55	16	figure	figure	NOUN
dem-4207	55	17	1	1	NUM
dem-4207	55	18	.	.	PUNCT
dem-4207	55	19	prior	prior	ADJ
dem-4207	55	20	distributions	distribution	NOUN
dem-4207	55	21	for	for	ADP
dem-4207	55	22	the	the	DET
dem-4207	55	23	box	box	NOUN
dem-4207	55	24	-	-	PUNCT
dem-4207	55	25	cox	cox	PROPN
dem-4207	55	26	transformation	transformation	NOUN
dem-4207	55	27	parameter	parameter	NOUN
dem-4207	55	28	(	(	PUNCT
dem-4207	55	29	λ	λ	NOUN
dem-4207	55	30	)	)	PUNCT
dem-4207	55	31	as	as	SCONJ
dem-4207	55	32	regards	regard	VERB
dem-4207	55	33	the	the	DET
dem-4207	55	34	initial	initial	ADJ
dem-4207	55	35	condition	condition	NOUN
dem-4207	55	36	for	for	ADP
dem-4207	55	37	ht	ht	PROPN
dem-4207	55	38	,	,	PUNCT
dem-4207	55	39	i.e.	i.e.	X
dem-4207	55	40	h0	h0	PROPN
dem-4207	55	41	,	,	PUNCT
dem-4207	55	42	we	we	PRON
dem-4207	55	43	assume	assume	VERB
dem-4207	55	44	that	that	SCONJ
dem-4207	55	45	it	it	PRON
dem-4207	55	46	is	be	AUX
dem-4207	55	47	equal	equal	ADJ
dem-4207	55	48	to	to	ADP
dem-4207	55	49	1	1	NUM
dem-4207	55	50	.	.	PUNCT
dem-4207	56	1	the	the	DET
dem-4207	56	2	joint	joint	ADJ
dem-4207	56	3	posterior	posterior	ADJ
dem-4207	56	4	distribution	distribution	NOUN
dem-4207	56	5	is	be	AUX
dem-4207	56	6	then	then	ADV
dem-4207	56	7	.|||),(|	.|||),(|	NOUN
dem-4207	56	8	'	'	PART
dem-4207	56	9	2	2	NUM
dem-4207	56	10	1exp	1exp	NUM
dem-4207	56	11	)	)	PUNCT
dem-4207	56	12	|()(),|	|()(),|	PROPN
dem-4207	56	13	,	,	PUNCT
dem-4207	56	14	,	,	PUNCT
dem-4207	56	15	(	(	PUNCT
dem-4207	56	16	5.1	5.1	NUM
dem-4207	56	17	1	1	NUM
dem-4207	56	18	5.05.0	5.05.0	NUM
dem-4207	56	19	*	*	SYM
dem-4207	56	20	1	1	NUM
dem-4207	56	21	1	1	NUM
dem-4207	56	22	*	*	NUM
dem-4207	56	23	)	)	PUNCT
dem-4207	56	24	0	0	NUM
dem-4207	56	25	(	(	PUNCT
dem-4207	56	26	−	−	PROPN
dem-4207	56	27	=	=	SYM
dem-4207	56	28	−	−	PROPN
dem-4207	57	1	=	=	PUNCT
dem-4207	57	2	−	−	PROPN
dem-4207	57	3	∏∑	∏∑	PROPN
dem-4207	57	4	⎭	⎭	PROPN
dem-4207	57	5	⎬	⎬	PROPN
dem-4207	57	6	⎫	⎫	PROPN
dem-4207	57	7	⎩	⎩	PUNCT
dem-4207	57	8	⎨	⎨	ADJ
dem-4207	57	9	⎧	⎧	ADJ
dem-4207	57	10	⎟⎟	⎟⎟	ADJ
dem-4207	57	11	⎠	⎠	NOUN
dem-4207	57	12	⎞	⎞	NOUN
dem-4207	57	13	⎜⎜	⎜⎜	NOUN
dem-4207	57	14	⎝	⎝	PUNCT
dem-4207	57	15	⎛	⎛	NOUN
dem-4207	57	16	−×	−×	NOUN
dem-4207	57	17	×∝	×∝	PROPN
dem-4207	57	18	t	t	PROPN
dem-4207	57	19	t	t	PROPN
dem-4207	57	20	t	t	PROPN
dem-4207	57	21	t	t	PROPN
dem-4207	57	22	t	t	PROPN
dem-4207	57	23	t	t	PROPN
dem-4207	57	24	t	t	X
dem-4207	57	25	tt	tt	PROPN
dem-4207	57	26	hjtr	hjtr	ADJ
dem-4207	57	27	vppp	vppp	ADJ
dem-4207	57	28	ωλ	ωλ	ADP
dem-4207	57	29	σyrrς	σyrrς	NOUN
dem-4207	57	30	ωθyyθωh	ωθyyθωh	NOUN
dem-4207	57	31	0	0	NUM
dem-4207	57	32	0.2	0.2	NUM
dem-4207	57	33	0.4	0.4	NUM
dem-4207	57	34	0.6	0.6	NUM
dem-4207	57	35	0.8	0.8	NUM
dem-4207	57	36	1	1	NUM
dem-4207	57	37	1.2	1.2	NUM
dem-4207	57	38	1.4	1.4	NUM
dem-4207	57	39	1.6	1.6	NUM
dem-4207	57	40	1.8	1.8	NUM
dem-4207	57	41	2	2	NUM
dem-4207	57	42	0	0	NUM
dem-4207	57	43	0	0	NUM
dem-4207	57	44	.	.	PUNCT
dem-4207	58	1	05	05	NUM
dem-4207	58	2	0	0	NUM
dem-4207	58	3	.	.	NOUN
dem-4207	59	1	1	1	NUM
dem-4207	59	2	0	0	NUM
dem-4207	59	3	.	.	NOUN
dem-4207	59	4	15	15	NUM
dem-4207	59	5	0	0	NUM
dem-4207	59	6	.	.	NOUN
dem-4207	59	7	2	2	NUM
dem-4207	59	8	0	0	NUM
dem-4207	59	9	.	.	PUNCT
dem-4207	60	1	25	25	NUM
dem-4207	60	2	0	0	NUM
dem-4207	60	3	.	.	NOUN
dem-4207	60	4	3	3	NUM
dem-4207	60	5	0	0	NUM
dem-4207	60	6	.	.	NOUN
dem-4207	61	1	35	35	NUM
dem-4207	61	2	0	0	NUM
dem-4207	61	3	.	.	NOUN
dem-4207	62	1	4	4	NUM
dem-4207	62	2	0	0	NUM
dem-4207	62	3	.	.	PUNCT
dem-4207	63	1	45	45	NUM
dem-4207	63	2	0	0	NUM
dem-4207	63	3	.	.	NOUN
dem-4207	63	4	5	5	NUM
dem-4207	63	5	0	0	NUM
dem-4207	63	6	.	.	PUNCT
dem-4207	64	1	55	55	NUM
dem-4207	64	2	0	0	NUM
dem-4207	64	3	.	.	NOUN
dem-4207	65	1	6	6	NUM
dem-4207	65	2	0	0	NUM
dem-4207	65	3	.	.	PUNCT
dem-4207	66	1	65	65	NUM
dem-4207	66	2	0	0	NUM
dem-4207	66	3	.	.	NOUN
dem-4207	66	4	7	7	NUM
dem-4207	66	5	0	0	NUM
dem-4207	66	6	.	.	PUNCT
dem-4207	67	1	75	75	NUM
dem-4207	67	2	0	0	NUM
dem-4207	67	3	.	.	NOUN
dem-4207	67	4	8	8	NUM
dem-4207	67	5	0	0	NUM
dem-4207	67	6	.	.	NOUN
dem-4207	67	7	85	85	NUM
dem-4207	67	8	0	0	NUM
dem-4207	67	9	.	.	PUNCT
dem-4207	67	10	9	9	NUM
dem-4207	67	11	0	0	NUM
dem-4207	67	12	.	.	PUNCT
dem-4207	68	1	95	95	NUM
dem-4207	68	2	1	1	NUM
dem-4207	68	3	a	a	DET
dem-4207	68	4	non	non	ADJ
dem-4207	68	5	-	-	ADJ
dem-4207	68	6	standard	standard	ADJ
dem-4207	68	7	b	b	PROPN
dem-4207	68	8	beta	beta	PROPN
dem-4207	68	9	c	c	PROPN
dem-4207	68	10	uniform	uniform	NOUN
dem-4207	68	11	d	d	ADP
dem-4207	68	12	exponential	exponential	ADJ
dem-4207	68	13	bayesian	bayesian	NOUN
dem-4207	68	14	analysis	analysis	NOUN
dem-4207	68	15	of	of	ADP
dem-4207	68	16	the	the	DET
dem-4207	68	17	box	box	NOUN
dem-4207	68	18	-	-	PUNCT
dem-4207	68	19	cox	cox	PROPN
dem-4207	68	20	transformation	transformation	NOUN
dem-4207	68	21	in	in	ADP
dem-4207	68	22	stochastic	stochastic	ADJ
dem-4207	68	23	volatility	volatility	NOUN
dem-4207	68	24	models	model	NOUN
dem-4207	68	25	85	85	NUM
dem-4207	68	26	the	the	DET
dem-4207	68	27	posterior	posterior	ADJ
dem-4207	68	28	probability	probability	NOUN
dem-4207	68	29	density	density	NOUN
dem-4207	68	30	function	function	NOUN
dem-4207	68	31	is	be	AUX
dem-4207	68	32	used	use	VERB
dem-4207	68	33	to	to	PART
dem-4207	68	34	make	make	VERB
dem-4207	68	35	inference	inference	NOUN
dem-4207	68	36	about	about	ADP
dem-4207	68	37	the	the	DET
dem-4207	68	38	parameters	parameter	NOUN
dem-4207	68	39	and	and	CCONJ
dem-4207	68	40	latent	latent	NOUN
dem-4207	68	41	variables	variable	NOUN
dem-4207	68	42	.	.	PUNCT
dem-4207	69	1	3	3	X
dem-4207	69	2	.	.	X
dem-4207	69	3	empirical	empirical	ADJ
dem-4207	69	4	results	result	NOUN
dem-4207	69	5	we	we	PRON
dem-4207	69	6	consider	consider	VERB
dem-4207	69	7	ten	ten	NUM
dem-4207	69	8	international	international	ADJ
dem-4207	69	9	stock	stock	NOUN
dem-4207	69	10	market	market	NOUN
dem-4207	69	11	indices	index	NOUN
dem-4207	69	12	,	,	PUNCT
dem-4207	69	13	namely	namely	ADV
dem-4207	69	14	the	the	DET
dem-4207	69	15	s&p	s&p	PROPN
dem-4207	69	16	500	500	NUM
dem-4207	69	17	,	,	PUNCT
dem-4207	69	18	nasdaq	nasdaq	PROPN
dem-4207	69	19	100	100	NUM
dem-4207	69	20	,	,	PUNCT
dem-4207	69	21	djia	djia	PROPN
dem-4207	69	22	(	(	PUNCT
dem-4207	69	23	for	for	ADP
dem-4207	69	24	the	the	DET
dem-4207	69	25	us	us	PROPN
dem-4207	69	26	)	)	PUNCT
dem-4207	69	27	,	,	PUNCT
dem-4207	69	28	nikkei	nikkei	PROPN
dem-4207	69	29	(	(	PUNCT
dem-4207	69	30	for	for	ADP
dem-4207	69	31	japan	japan	PROPN
dem-4207	69	32	)	)	PUNCT
dem-4207	69	33	,	,	PUNCT
dem-4207	69	34	the	the	DET
dem-4207	69	35	cac	cac	PROPN
dem-4207	69	36	40	40	NUM
dem-4207	69	37	(	(	PUNCT
dem-4207	69	38	for	for	ADP
dem-4207	69	39	france	france	PROPN
dem-4207	69	40	)	)	PUNCT
dem-4207	69	41	,	,	PUNCT
dem-4207	69	42	the	the	DET
dem-4207	69	43	dax	dax	X
dem-4207	69	44	(	(	PUNCT
dem-4207	69	45	for	for	ADP
dem-4207	69	46	germany	germany	PROPN
dem-4207	69	47	)	)	PUNCT
dem-4207	69	48	,	,	PUNCT
dem-4207	69	49	the	the	DET
dem-4207	69	50	ftse	ftse	NOUN
dem-4207	69	51	100	100	NUM
dem-4207	69	52	(	(	PUNCT
dem-4207	69	53	for	for	ADP
dem-4207	69	54	the	the	DET
dem-4207	69	55	uk	uk	PROPN
dem-4207	69	56	)	)	PUNCT
dem-4207	69	57	,	,	PUNCT
dem-4207	69	58	wig	wig	NOUN
dem-4207	69	59	20	20	NUM
dem-4207	69	60	(	(	PUNCT
dem-4207	69	61	for	for	ADP
dem-4207	69	62	poland	poland	PROPN
dem-4207	69	63	)	)	PUNCT
dem-4207	69	64	,	,	PUNCT
dem-4207	69	65	hang	hang	PROPN
dem-4207	69	66	seng	seng	PROPN
dem-4207	69	67	(	(	PUNCT
dem-4207	69	68	for	for	ADP
dem-4207	69	69	china	china	PROPN
dem-4207	69	70	)	)	PUNCT
dem-4207	69	71	,	,	PUNCT
dem-4207	69	72	sptse	sptse	NOUN
dem-4207	69	73	60	60	NUM
dem-4207	69	74	(	(	PUNCT
dem-4207	69	75	for	for	ADP
dem-4207	69	76	canada	canada	PROPN
dem-4207	69	77	)	)	PUNCT
dem-4207	69	78	.	.	PUNCT
dem-4207	70	1	the	the	DET
dem-4207	70	2	data	datum	NOUN
dem-4207	70	3	set	set	VERB
dem-4207	70	4	consists	consist	VERB
dem-4207	70	5	of	of	ADP
dem-4207	70	6	the	the	DET
dem-4207	70	7	daily	daily	ADJ
dem-4207	70	8	closing	closing	NOUN
dem-4207	70	9	quotations	quotation	NOUN
dem-4207	70	10	of	of	ADP
dem-4207	70	11	the	the	DET
dem-4207	70	12	stock	stock	NOUN
dem-4207	70	13	market	market	NOUN
dem-4207	70	14	indices	indice	VERB
dem-4207	70	15	from	from	ADP
dem-4207	70	16	january	january	PROPN
dem-4207	70	17	2001	2001	NUM
dem-4207	70	18	(	(	PUNCT
dem-4207	70	19	or	or	CCONJ
dem-4207	70	20	2002	2002	NUM
dem-4207	70	21	)	)	PUNCT
dem-4207	70	22	until	until	ADP
dem-4207	70	23	february	february	PROPN
dem-4207	70	24	(	(	PUNCT
dem-4207	70	25	or	or	CCONJ
dem-4207	70	26	march	march	PROPN
dem-4207	70	27	)	)	PUNCT
dem-4207	70	28	2009	2009	NUM
dem-4207	70	29	(	(	PUNCT
dem-4207	70	30	see	see	VERB
dem-4207	70	31	table	table	NOUN
dem-4207	70	32	1	1	NUM
dem-4207	70	33	)	)	PUNCT
dem-4207	70	34	.	.	PUNCT
dem-4207	71	1	basic	basic	ADJ
dem-4207	71	2	descriptive	descriptive	ADJ
dem-4207	71	3	characteristics	characteristic	NOUN
dem-4207	71	4	of	of	ADP
dem-4207	71	5	the	the	DET
dem-4207	71	6	daily	daily	ADJ
dem-4207	71	7	price	price	NOUN
dem-4207	71	8	ratios	ratio	NOUN
dem-4207	71	9	are	be	AUX
dem-4207	71	10	presented	present	VERB
dem-4207	71	11	in	in	ADP
dem-4207	71	12	table	table	NOUN
dem-4207	71	13	1	1	NUM
dem-4207	71	14	.	.	PUNCT
dem-4207	72	1	all	all	DET
dem-4207	72	2	series	series	NOUN
dem-4207	72	3	of	of	ADP
dem-4207	72	4	xt	xt	PROPN
dem-4207	72	5	/	/	SYM
dem-4207	72	6	xt-1	xt-1	PROPN
dem-4207	72	7	ratio	ratio	NOUN
dem-4207	72	8	exhibit	exhibit	VERB
dem-4207	72	9	strong	strong	ADJ
dem-4207	72	10	kurtosis	kurtosis	NOUN
dem-4207	72	11	,	,	PUNCT
dem-4207	72	12	and	and	CCONJ
dem-4207	72	13	they	they	PRON
dem-4207	72	14	have	have	VERB
dem-4207	72	15	highly	highly	ADV
dem-4207	72	16	nonnormal	nonnormal	ADJ
dem-4207	72	17	(	(	PUNCT
dem-4207	72	18	truncated	truncate	VERB
dem-4207	72	19	by	by	ADP
dem-4207	72	20	zero	zero	NUM
dem-4207	72	21	)	)	PUNCT
dem-4207	72	22	empirical	empirical	ADJ
dem-4207	72	23	distributions	distribution	NOUN
dem-4207	72	24	.	.	PUNCT
dem-4207	73	1	table	table	NOUN
dem-4207	73	2	1	1	NUM
dem-4207	73	3	.	.	PUNCT
dem-4207	74	1	sample	sample	NOUN
dem-4207	74	2	characteristics	characteristic	NOUN
dem-4207	74	3	for	for	ADP
dem-4207	74	4	the	the	DET
dem-4207	74	5	data	data	NOUN
dem-4207	74	6	sets	set	NOUN
dem-4207	74	7	used	use	VERB
dem-4207	74	8	time	time	NOUN
dem-4207	74	9	series	series	NOUN
dem-4207	74	10	(	(	PUNCT
dem-4207	74	11	xt	xt	PROPN
dem-4207	74	12	/	/	SYM
dem-4207	74	13	xt-1	xt-1	PROPN
dem-4207	74	14	ratio	ratio	NOUN
dem-4207	74	15	of	of	ADP
dem-4207	74	16	:)	:)	INTJ
dem-4207	74	17	average	average	ADJ
dem-4207	74	18	std	std	NOUN
dem-4207	74	19	.	.	PUNCT
dem-4207	75	1	dev	dev	AUX
dem-4207	75	2	.	.	PUNCT
dem-4207	75	3	kurtosis	kurtosis	VERB
dem-4207	75	4	period	period	NOUN
dem-4207	75	5	from	from	ADP
dem-4207	75	6	:	:	PUNCT
dem-4207	75	7	to	to	PART
dem-4207	75	8	:	:	PUNCT
dem-4207	75	9	#	#	NOUN
dem-4207	75	10	obs	obs	PROPN
dem-4207	75	11	.	.	PUNCT
dem-4207	76	1	t	t	PROPN
dem-4207	76	2	wig	wig	NOUN
dem-4207	76	3	20	20	NUM
dem-4207	76	4	1.0000	1.0000	NUM
dem-4207	76	5	0.0162	0.0162	NUM
dem-4207	76	6	4.9800	4.9800	NUM
dem-4207	76	7	02.01.2001	02.01.2001	NOUN
dem-4207	76	8	–	–	PUNCT
dem-4207	76	9	13.02.2009	13.02.2009	NUM
dem-4207	76	10	2035	2035	NUM
dem-4207	76	11	s&p	s&p	PROPN
dem-4207	76	12	500	500	NUM
dem-4207	76	13	0.9998	0.9998	NUM
dem-4207	76	14	0.0139	0.0139	NUM
dem-4207	76	15	13.3286	13.3286	NUM
dem-4207	76	16	03.01.2002	03.01.2002	NOUN
dem-4207	76	17	–	–	PUNCT
dem-4207	76	18	06.03.2009	06.03.2009	NUM
dem-4207	76	19	1805	1805	NUM
dem-4207	76	20	nikkei	nikkei	NOUN
dem-4207	76	21	225	225	NUM
dem-4207	76	22	0.9999	0.9999	NUM
dem-4207	76	23	0.0163	0.0163	NUM
dem-4207	76	24	11.3553	11.3553	NUM
dem-4207	76	25	07.01.2002	07.01.2002	NOUN
dem-4207	76	26	–	–	PUNCT
dem-4207	76	27	06.03.2009	06.03.2009	NOUN
dem-4207	76	28	1760	1760	NUM
dem-4207	76	29	ftse	ftse	NOUN
dem-4207	76	30	100	100	NUM
dem-4207	76	31	0.9999	0.9999	NUM
dem-4207	76	32	0.0137	0.0137	NUM
dem-4207	76	33	10.9021	10.9021	NUM
dem-4207	76	34	03.01.2002	03.01.2002	NOUN
dem-4207	76	35	–	–	PUNCT
dem-4207	76	36	06.03.2009	06.03.2009	NUM
dem-4207	76	37	1813	1813	NUM
dem-4207	76	38	dax	dax	PROPN
dem-4207	76	39	1.0000	1.0000	NUM
dem-4207	76	40	0.0169	0.0169	NUM
dem-4207	76	41	8.6642	8.6642	NUM
dem-4207	76	42	03.01.2002	03.01.2002	NOUN
dem-4207	76	43	–	–	PUNCT
dem-4207	76	44	06.03.2009	06.03.2009	NUM
dem-4207	76	45	1825	1825	NUM
dem-4207	76	46	nasdaq	nasdaq	NOUN
dem-4207	76	47	100	100	NUM
dem-4207	76	48	1.0000	1.0000	NUM
dem-4207	76	49	0.0178	0.0178	NUM
dem-4207	76	50	7.8639	7.8639	NUM
dem-4207	76	51	03.01.2002	03.01.2002	NOUN
dem-4207	76	52	–	–	PUNCT
dem-4207	76	53	06.03.2009	06.03.2009	NUM
dem-4207	76	54	1808	1808	NUM
dem-4207	76	55	cac	cac	PROPN
dem-4207	76	56	40	40	NUM
dem-4207	76	57	0.9998	0.9998	NUM
dem-4207	76	58	0.0159	0.0159	NUM
dem-4207	76	59	9.7031	9.7031	NUM
dem-4207	76	60	03.01.2002	03.01.2002	NOUN
dem-4207	76	61	–	–	PUNCT
dem-4207	76	62	06.03.2009	06.03.2009	NUM
dem-4207	76	63	1838	1838	NUM
dem-4207	76	64	sptse	sptse	NOUN
dem-4207	76	65	60	60	NUM
dem-4207	76	66	1.0001	1.0001	NUM
dem-4207	76	67	0.0132	0.0132	NUM
dem-4207	76	68	14.2830	14.2830	NUM
dem-4207	76	69	03.01.2002	03.01.2002	NOUN
dem-4207	76	70	–	–	PUNCT
dem-4207	76	71	06.03.2009	06.03.2009	X
dem-4207	76	72	1798	1798	NUM
dem-4207	76	73	hang	hang	VERB
dem-4207	76	74	seng	seng	PROPN
dem-4207	76	75	1.0002	1.0002	NUM
dem-4207	76	76	0.0164	0.0164	NUM
dem-4207	76	77	15.0382	15.0382	NUM
dem-4207	76	78	03.01.2002	03.01.2002	NOUN
dem-4207	76	79	–	–	PUNCT
dem-4207	76	80	06.03.2009	06.03.2009	X
dem-4207	76	81	1789	1789	NUM
dem-4207	76	82	djia	djia	PROPN
dem-4207	76	83	0.9999	0.9999	NUM
dem-4207	76	84	0.0130	0.0130	NUM
dem-4207	76	85	12.5726	12.5726	NUM
dem-4207	76	86	02.01.2001	02.01.2001	NOUN
dem-4207	76	87	–	–	PUNCT
dem-4207	76	88	13.02.2009	13.02.2009	NUM
dem-4207	76	89	2039	2039	NUM
dem-4207	76	90	note	note	NOUN
dem-4207	76	91	:	:	PUNCT
dem-4207	76	92	the	the	DET
dem-4207	76	93	data	datum	NOUN
dem-4207	76	94	were	be	AUX
dem-4207	76	95	downloaded	download	VERB
dem-4207	76	96	from	from	ADP
dem-4207	76	97	the	the	DET
dem-4207	76	98	website	website	NOUN
dem-4207	76	99	http://finance.yahoo.com	http://finance.yahoo.com	NOUN
dem-4207	76	100	.	.	PUNCT
dem-4207	77	1	in	in	ADP
dem-4207	77	2	table	table	NOUN
dem-4207	77	3	2	2	NUM
dem-4207	77	4	we	we	PRON
dem-4207	77	5	present	present	VERB
dem-4207	77	6	the	the	DET
dem-4207	77	7	posterior	posterior	ADJ
dem-4207	77	8	means	mean	NOUN
dem-4207	77	9	and	and	CCONJ
dem-4207	77	10	standard	standard	ADJ
dem-4207	77	11	deviations	deviation	NOUN
dem-4207	77	12	(	(	PUNCT
dem-4207	77	13	in	in	ADP
dem-4207	77	14	parenthesis	parenthesis	NOUN
dem-4207	77	15	)	)	PUNCT
dem-4207	77	16	of	of	ADP
dem-4207	77	17	the	the	DET
dem-4207	77	18	parameters	parameter	NOUN
dem-4207	77	19	,	,	PUNCT
dem-4207	77	20	in	in	ADP
dem-4207	77	21	the	the	DET
dem-4207	77	22	case	case	NOUN
dem-4207	77	23	of	of	ADP
dem-4207	77	24	the	the	DET
dem-4207	77	25	ar(1)-fcsv	ar(1)-fcsv	PROPN
dem-4207	77	26	model	model	NOUN
dem-4207	77	27	with	with	ADP
dem-4207	77	28	the	the	DET
dem-4207	77	29	uniform	uniform	NOUN
dem-4207	77	30	prior	prior	ADV
dem-4207	77	31	for	for	ADP
dem-4207	77	32	λ	λ	PROPN
dem-4207	77	33	on	on	ADP
dem-4207	77	34	[	[	X
dem-4207	77	35	0	0	NUM
dem-4207	77	36	,	,	PUNCT
dem-4207	77	37	1	1	NUM
dem-4207	77	38	]	]	PUNCT
dem-4207	77	39	.	.	PUNCT
dem-4207	78	1	our	our	PRON
dem-4207	78	2	posterior	posterior	ADJ
dem-4207	78	3	results	result	NOUN
dem-4207	78	4	are	be	AUX
dem-4207	78	5	obtained	obtain	VERB
dem-4207	78	6	in	in	ADP
dem-4207	78	7	gauss	gauss	PROPN
dem-4207	78	8	9.0	9.0	NUM
dem-4207	78	9	using	use	VERB
dem-4207	78	10	mcmc	mcmc	PROPN
dem-4207	78	11	methods	method	NOUN
dem-4207	78	12	:	:	PUNCT
dem-4207	78	13	metropolis	metropolis	PROPN
dem-4207	78	14	-	-	PUNCT
dem-4207	78	15	hastings	hastings	PROPN
dem-4207	78	16	within	within	ADP
dem-4207	78	17	the	the	DET
dem-4207	78	18	gibbs	gibbs	PROPN
dem-4207	78	19	sampler	sampler	NOUN
dem-4207	78	20	(	(	PUNCT
dem-4207	78	21	see	see	VERB
dem-4207	78	22	,	,	PUNCT
dem-4207	78	23	e.g.	e.g.	ADV
dem-4207	78	24	pajor	pajor	PROPN
dem-4207	78	25	2003	2003	NUM
dem-4207	78	26	and	and	CCONJ
dem-4207	78	27	jacquier	jacqui	ADJ
dem-4207	78	28	et	et	PROPN
dem-4207	78	29	al	al	PROPN
dem-4207	78	30	.	.	PROPN
dem-4207	78	31	,	,	PUNCT
dem-4207	78	32	2004	2004	NUM
dem-4207	78	33	for	for	ADP
dem-4207	78	34	detail).2	detail).2	PROPN
dem-4207	78	35	first	first	ADV
dem-4207	78	36	,	,	PUNCT
dem-4207	78	37	for	for	ADP
dem-4207	78	38	more	more	ADJ
dem-4207	78	39	series	series	NOUN
dem-4207	78	40	the	the	DET
dem-4207	78	41	autoregressive	autoregressive	ADJ
dem-4207	78	42	parameters	parameter	NOUN
dem-4207	78	43	seem	seem	VERB
dem-4207	78	44	to	to	PART
dem-4207	78	45	be	be	AUX
dem-4207	78	46	insignificantly	insignificantly	ADV
dem-4207	78	47	different	different	ADJ
dem-4207	78	48	from	from	ADP
dem-4207	78	49	zero	zero	NUM
dem-4207	78	50	.	.	PUNCT
dem-4207	79	1	the	the	DET
dem-4207	79	2	posterior	posterior	ADJ
dem-4207	79	3	distributions	distribution	NOUN
dem-4207	79	4	of	of	ADP
dem-4207	79	5	δ	δ	PROPN
dem-4207	79	6	and	and	CCONJ
dem-4207	79	7	ρ1	ρ1	NOUN
dem-4207	79	8	are	be	AUX
dem-4207	79	9	located	locate	VERB
dem-4207	79	10	close	close	ADV
dem-4207	79	11	to	to	ADP
dem-4207	79	12	zero	zero	NUM
dem-4207	79	13	.	.	PUNCT
dem-4207	80	1	second	second	ADJ
dem-4207	80	2	,	,	PUNCT
dem-4207	80	3	all	all	DET
dem-4207	80	4	indices	index	NOUN
dem-4207	80	5	have	have	VERB
dem-4207	80	6	persistent	persistent	ADJ
dem-4207	80	7	volatility	volatility	NOUN
dem-4207	80	8	as	as	SCONJ
dem-4207	80	9	shown	show	VERB
dem-4207	80	10	by	by	ADP
dem-4207	80	11	φ	φ	PROPN
dem-4207	80	12	the	the	DET
dem-4207	80	13	lowest	low	ADJ
dem-4207	80	14	posterior	posterior	ADJ
dem-4207	80	15	mean	mean	NOUN
dem-4207	80	16	is	be	AUX
dem-4207	80	17	0.927	0.927	NUM
dem-4207	80	18	(	(	PUNCT
dem-4207	80	19	for	for	ADP
dem-4207	80	20	the	the	DET
dem-4207	80	21	wig20	wig20	PROPN
dem-4207	80	22	index	index	NOUN
dem-4207	80	23	)	)	PUNCT
dem-4207	80	24	,	,	PUNCT
dem-4207	80	25	the	the	DET
dem-4207	80	26	highest	high	ADJ
dem-4207	80	27	one	one	NUM
dem-4207	80	28	is	be	AUX
dem-4207	80	29	0.97	0.97	NUM
dem-4207	80	30	(	(	PUNCT
dem-4207	80	31	for	for	ADP
dem-4207	80	32	nasdaq	nasdaq	NOUN
dem-4207	80	33	)	)	PUNCT
dem-4207	80	34	.	.	PUNCT
dem-4207	81	1	it	it	PRON
dem-4207	81	2	means	mean	VERB
dem-4207	81	3	that	that	SCONJ
dem-4207	81	4	the	the	DET
dem-4207	81	5	halflife	halflife	NOUN
dem-4207	81	6	of	of	ADP
dem-4207	81	7	shock	shock	NOUN
dem-4207	81	8	to	to	ADP
dem-4207	81	9	volatility	volatility	NOUN
dem-4207	81	10	,	,	PUNCT
dem-4207	81	11	hl	hl	NOUN
dem-4207	81	12	=	=	SYM
dem-4207	81	13	ln(0.5)/ln(φ	ln(0.5)/ln(φ	PROPN
dem-4207	81	14	)	)	PUNCT
dem-4207	81	15	,	,	PUNCT
dem-4207	81	16	is	be	AUX
dem-4207	81	17	equal	equal	ADJ
dem-4207	81	18	to	to	ADP
dem-4207	81	19	about	about	ADV
dem-4207	81	20	9	9	NUM
dem-4207	81	21	days	day	NOUN
dem-4207	81	22	for	for	ADP
dem-4207	81	23	the	the	DET
dem-4207	81	24	wig20	wig20	PROPN
dem-4207	81	25	index	index	NOUN
dem-4207	81	26	and	and	CCONJ
dem-4207	81	27	20	20	NUM
dem-4207	81	28	days	day	NOUN
dem-4207	81	29	for	for	ADP
dem-4207	81	30	the	the	DET
dem-4207	81	31	nasdaq	nasdaq	PROPN
dem-4207	81	32	index	index	NOUN
dem-4207	81	33	.	.	PUNCT
dem-4207	82	1	we	we	PRON
dem-4207	82	2	observed	observe	VERB
dem-4207	82	3	that	that	SCONJ
dem-4207	82	4	the	the	DET
dem-4207	82	5	nasdaq	nasdaq	PROPN
dem-4207	82	6	index	index	NOUN
dem-4207	82	7	exhibits	exhibit	VERB
dem-4207	82	8	a	a	DET
dem-4207	82	9	lower	low	ADJ
dem-4207	82	10	variability	variability	NOUN
dem-4207	82	11	of	of	ADP
dem-4207	82	12	volatility	volatility	NOUN
dem-4207	82	13	as	as	SCONJ
dem-4207	82	14	shown	show	VERB
dem-4207	82	15	by	by	ADP
dem-4207	82	16	the	the	DET
dem-4207	82	17	precision	precision	NOUN
dem-4207	82	18	,	,	PUNCT
dem-4207	82	19	σh	σh	PROPN
dem-4207	82	20	-2	-2	INTJ
dem-4207	82	21	.	.	PUNCT
dem-4207	83	1	as	as	SCONJ
dem-4207	83	2	regards	regard	VERB
dem-4207	83	3	the	the	DET
dem-4207	83	4	leverage	leverage	NOUN
dem-4207	83	5	effect	effect	NOUN
dem-4207	83	6	parameter	parameter	NOUN
dem-4207	83	7	,	,	PUNCT
dem-4207	83	8	ρ	ρ	PROPN
dem-4207	83	9	,	,	PUNCT
dem-4207	83	10	the	the	DET
dem-4207	83	11	posterior	posterior	ADJ
dem-4207	83	12	means	mean	NOUN
dem-4207	83	13	of	of	ADP
dem-4207	83	14	ρ	ρ	PROPN
dem-4207	83	15	are	be	AUX
dem-4207	83	16	negative	negative	ADJ
dem-4207	83	17	,	,	PUNCT
dem-4207	83	18	from	from	ADP
dem-4207	83	19	-0.15	-0.15	NUM
dem-4207	83	20	for	for	ADP
dem-4207	83	21	the	the	DET
dem-4207	83	22	wig20	wig20	PROPN
dem-4207	83	23	index	index	NOUN
dem-4207	83	24	to	to	ADP
dem-4207	83	25	-0.62	-0.62	NOUN
dem-4207	83	26	for	for	ADP
dem-4207	83	27	the	the	DET
dem-4207	83	28	cac40	cac40	PROPN
dem-4207	83	29	index	index	NOUN
dem-4207	83	30	.	.	PUNCT
dem-4207	84	1	2	2	NUM
dem-4207	85	1	the	the	DET
dem-4207	85	2	results	result	NOUN
dem-4207	85	3	are	be	AUX
dem-4207	85	4	obtained	obtain	VERB
dem-4207	85	5	using	use	VERB
dem-4207	85	6	100	100	NUM
dem-4207	85	7	000	000	NUM
dem-4207	85	8	burnt	burn	VERB
dem-4207	85	9	-	-	PUNCT
dem-4207	85	10	in	in	ADP
dem-4207	85	11	and	and	CCONJ
dem-4207	85	12	1000	1000	NUM
dem-4207	85	13	000	000	NUM
dem-4207	85	14	final	final	ADJ
dem-4207	85	15	gibbs	gibbs	PROPN
dem-4207	85	16	passes	pass	NOUN
dem-4207	85	17	.	.	PUNCT
dem-4207	86	1	anna	anna	PROPN
dem-4207	86	2	pajor	pajor	PROPN
dem-4207	86	3	86	86	NUM
dem-4207	86	4	the	the	DET
dem-4207	86	5	parameter	parameter	NOUN
dem-4207	86	6	ρ	ρ	PROPN
dem-4207	86	7	is	be	AUX
dem-4207	86	8	estimated	estimate	VERB
dem-4207	86	9	precisely	precisely	ADV
dem-4207	86	10	with	with	ADP
dem-4207	86	11	a	a	DET
dem-4207	86	12	standard	standard	ADJ
dem-4207	86	13	deviation	deviation	NOUN
dem-4207	86	14	around	around	ADP
dem-4207	86	15	0.068	0.068	NUM
dem-4207	86	16	.	.	PUNCT
dem-4207	87	1	almost	almost	ADV
dem-4207	87	2	all	all	DET
dem-4207	87	3	the	the	DET
dem-4207	87	4	posterior	posterior	ADJ
dem-4207	87	5	mass	mass	NOUN
dem-4207	87	6	of	of	ADP
dem-4207	87	7	ρ	ρ	PROPN
dem-4207	87	8	is	be	AUX
dem-4207	87	9	in	in	ADP
dem-4207	87	10	the	the	DET
dem-4207	87	11	negative	negative	ADJ
dem-4207	87	12	region	region	NOUN
dem-4207	87	13	.	.	PUNCT
dem-4207	88	1	thus	thus	ADV
dem-4207	88	2	,	,	PUNCT
dem-4207	88	3	the	the	DET
dem-4207	88	4	leverage	leverage	NOUN
dem-4207	88	5	effect	effect	NOUN
dem-4207	88	6	is	be	AUX
dem-4207	88	7	strong	strong	ADJ
dem-4207	88	8	for	for	ADP
dem-4207	88	9	all	all	DET
dem-4207	88	10	indices	index	NOUN
dem-4207	88	11	excluding	exclude	VERB
dem-4207	88	12	the	the	DET
dem-4207	88	13	wig20	wig20	PROPN
dem-4207	88	14	index	index	NOUN
dem-4207	88	15	,	,	PUNCT
dem-4207	88	16	for	for	ADP
dem-4207	88	17	which	which	PRON
dem-4207	88	18	it	it	PRON
dem-4207	88	19	is	be	AUX
dem-4207	88	20	significantly	significantly	ADV
dem-4207	88	21	lower	low	ADJ
dem-4207	88	22	.	.	PUNCT
dem-4207	89	1	the	the	DET
dem-4207	89	2	posterior	posterior	ADJ
dem-4207	89	3	means	mean	NOUN
dem-4207	89	4	of	of	ADP
dem-4207	89	5	the	the	DET
dem-4207	89	6	degrees	degree	NOUN
dem-4207	89	7	of	of	ADP
dem-4207	89	8	freedom	freedom	NOUN
dem-4207	89	9	are	be	AUX
dem-4207	89	10	between	between	ADP
dem-4207	89	11	16	16	NUM
dem-4207	89	12	(	(	PUNCT
dem-4207	89	13	for	for	ADP
dem-4207	89	14	the	the	DET
dem-4207	89	15	hang	hang	PROPN
dem-4207	89	16	seng	seng	PROPN
dem-4207	89	17	index	index	PROPN
dem-4207	89	18	)	)	PUNCT
dem-4207	89	19	and	and	CCONJ
dem-4207	89	20	39	39	NUM
dem-4207	89	21	(	(	PUNCT
dem-4207	89	22	for	for	ADP
dem-4207	89	23	the	the	DET
dem-4207	89	24	ftse	ftse	PROPN
dem-4207	89	25	100	100	NUM
dem-4207	89	26	index	index	NOUN
dem-4207	89	27	)	)	PUNCT
dem-4207	89	28	.	.	PUNCT
dem-4207	90	1	the	the	DET
dem-4207	90	2	hang	hang	PROPN
dem-4207	90	3	seng	seng	PROPN
dem-4207	90	4	index	index	NOUN
dem-4207	90	5	has	have	VERB
dem-4207	90	6	the	the	DET
dem-4207	90	7	lowest	low	ADJ
dem-4207	90	8	posterior	posterior	ADJ
dem-4207	90	9	mean	mean	NOUN
dem-4207	90	10	of	of	ADP
dem-4207	90	11	degrees	degree	NOUN
dem-4207	90	12	of	of	ADP
dem-4207	90	13	freedom	freedom	NOUN
dem-4207	90	14	of	of	ADP
dem-4207	90	15	the	the	DET
dem-4207	90	16	student	student	NOUN
dem-4207	90	17	-	-	PUNCT
dem-4207	90	18	t	t	NOUN
dem-4207	90	19	distribution	distribution	NOUN
dem-4207	90	20	.	.	PUNCT
dem-4207	91	1	for	for	ADP
dem-4207	91	2	the	the	DET
dem-4207	91	3	remaining	remain	VERB
dem-4207	91	4	indices	index	NOUN
dem-4207	91	5	the	the	DET
dem-4207	91	6	posterior	posterior	ADJ
dem-4207	91	7	mean	mean	NOUN
dem-4207	91	8	of	of	ADP
dem-4207	91	9	v	v	NOUN
dem-4207	91	10	is	be	AUX
dem-4207	91	11	above	above	ADP
dem-4207	91	12	23	23	NUM
dem-4207	91	13	,	,	PUNCT
dem-4207	91	14	indicating	indicate	VERB
dem-4207	91	15	that	that	SCONJ
dem-4207	91	16	the	the	DET
dem-4207	91	17	normal	normal	ADJ
dem-4207	91	18	conditional	conditional	ADJ
dem-4207	91	19	distribution	distribution	NOUN
dem-4207	91	20	would	would	AUX
dem-4207	91	21	not	not	PART
dem-4207	91	22	be	be	AUX
dem-4207	91	23	strongly	strongly	ADV
dem-4207	91	24	rejected	reject	VERB
dem-4207	91	25	by	by	ADP
dem-4207	91	26	the	the	DET
dem-4207	91	27	data	data	PROPN
dem-4207	91	28	.	.	PUNCT
dem-4207	92	1	table	table	NOUN
dem-4207	92	2	2	2	NUM
dem-4207	92	3	.	.	PUNCT
dem-4207	92	4	posterior	posterior	ADJ
dem-4207	92	5	means	mean	NOUN
dem-4207	92	6	and	and	CCONJ
dem-4207	92	7	standard	standard	ADJ
dem-4207	92	8	deviations	deviation	NOUN
dem-4207	92	9	(	(	PUNCT
dem-4207	92	10	in	in	ADP
dem-4207	92	11	parenthesis	parenthesis	NOUN
dem-4207	92	12	)	)	PUNCT
dem-4207	92	13	of	of	ADP
dem-4207	92	14	the	the	DET
dem-4207	92	15	parameters	parameter	NOUN
dem-4207	92	16	of	of	ADP
dem-4207	92	17	the	the	DET
dem-4207	92	18	ar(1)-fcsv	ar(1)-fcsv	PROPN
dem-4207	92	19	model	model	NOUN
dem-4207	92	20	,	,	PUNCT
dem-4207	92	21	in	in	ADP
dem-4207	92	22	the	the	DET
dem-4207	92	23	case	case	NOUN
dem-4207	92	24	of	of	ADP
dem-4207	92	25	λ	λ	PROPN
dem-4207	92	26	~	~	PUNCT
dem-4207	92	27	u[0	u[0	PROPN
dem-4207	92	28	,	,	PUNCT
dem-4207	92	29	1	1	NUM
dem-4207	92	30	]	]	PUNCT
dem-4207	92	31	parameter	parameter	NOUN
dem-4207	92	32	wig	wig	NOUN
dem-4207	92	33	20	20	NUM
dem-4207	92	34	s&p	s&p	PROPN
dem-4207	92	35	500	500	NUM
dem-4207	92	36	nikkei	nikkei	NOUN
dem-4207	92	37	225	225	NUM
dem-4207	92	38	ftse	ftse	NOUN
dem-4207	92	39	100	100	NUM
dem-4207	92	40	dax	dax	PROPN
dem-4207	92	41	nasdaq	nasdaq	PROPN
dem-4207	92	42	100	100	NUM
dem-4207	92	43	cac	cac	PROPN
dem-4207	92	44	40	40	NUM
dem-4207	92	45	sptse	sptse	NOUN
dem-4207	92	46	60	60	NUM
dem-4207	92	47	hang	hang	PROPN
dem-4207	92	48	seng	seng	PROPN
dem-4207	92	49	djia	djia	PROPN
dem-4207	92	50	δ1∗104	δ1∗104	PROPN
dem-4207	92	51	4.74	4.74	NUM
dem-4207	92	52	4.74	4.74	NUM
dem-4207	92	53	6.52	6.52	NUM
dem-4207	92	54	5.43	5.43	NUM
dem-4207	92	55	9.70	9.70	NUM
dem-4207	92	56	5.77	5.77	NUM
dem-4207	92	57	6.59	6.59	NUM
dem-4207	92	58	8.68	8.68	NUM
dem-4207	92	59	7.20	7.20	NUM
dem-4207	92	60	4.14	4.14	NUM
dem-4207	92	61	(	(	PUNCT
dem-4207	92	62	3.15	3.15	NUM
dem-4207	92	63	)	)	PUNCT
dem-4207	92	64	(	(	PUNCT
dem-4207	92	65	1.65	1.65	NUM
dem-4207	92	66	)	)	PUNCT
dem-4207	92	67	(	(	PUNCT
dem-4207	92	68	2.56	2.56	NUM
dem-4207	92	69	)	)	PUNCT
dem-4207	92	70	(	(	PUNCT
dem-4207	92	71	1.63	1.63	NUM
dem-4207	92	72	)	)	PUNCT
dem-4207	92	73	(	(	PUNCT
dem-4207	92	74	2.15	2.15	NUM
dem-4207	92	75	)	)	PUNCT
dem-4207	92	76	(	(	PUNCT
dem-4207	92	77	2.63	2.63	NUM
dem-4207	92	78	)	)	PUNCT
dem-4207	92	79	(	(	PUNCT
dem-4207	92	80	1.99	1.99	NUM
dem-4207	92	81	)	)	PUNCT
dem-4207	92	82	(	(	PUNCT
dem-4207	92	83	1.78	1.78	NUM
dem-4207	92	84	)	)	PUNCT
dem-4207	92	85	(	(	PUNCT
dem-4207	92	86	2.37	2.37	NUM
dem-4207	92	87	)	)	PUNCT
dem-4207	92	88	(	(	PUNCT
dem-4207	92	89	1.60	1.60	NUM
dem-4207	92	90	)	)	PUNCT
dem-4207	92	91	ρ1	ρ1	NOUN
dem-4207	92	92	0.027	0.027	NUM
dem-4207	92	93	-0.095	-0.095	NUM
dem-4207	92	94	-0.034	-0.034	X
dem-4207	92	95	-0.092	-0.092	PUNCT
dem-4207	92	96	-0.059	-0.059	NUM
dem-4207	92	97	-0.070	-0.070	NUM
dem-4207	92	98	-0.080	-0.080	PUNCT
dem-4207	92	99	-0.060	-0.060	NOUN
dem-4207	92	100	0.005	0.005	NUM
dem-4207	92	101	-0.074	-0.074	X
dem-4207	92	102	(	(	PUNCT
dem-4207	92	103	0.023	0.023	NUM
dem-4207	92	104	)	)	PUNCT
dem-4207	92	105	(	(	PUNCT
dem-4207	92	106	0.023	0.023	NUM
dem-4207	92	107	)	)	PUNCT
dem-4207	92	108	(	(	PUNCT
dem-4207	92	109	0.024	0.024	NUM
dem-4207	92	110	)	)	PUNCT
dem-4207	92	111	(	(	PUNCT
dem-4207	92	112	0.024	0.024	NUM
dem-4207	92	113	)	)	PUNCT
dem-4207	92	114	(	(	PUNCT
dem-4207	92	115	0.023	0.023	NUM
dem-4207	92	116	)	)	PUNCT
dem-4207	92	117	(	(	PUNCT
dem-4207	92	118	0.024	0.024	NUM
dem-4207	92	119	)	)	PUNCT
dem-4207	92	120	(	(	PUNCT
dem-4207	92	121	0.023	0.023	NUM
dem-4207	92	122	)	)	PUNCT
dem-4207	92	123	(	(	PUNCT
dem-4207	92	124	0.024	0.024	NUM
dem-4207	92	125	)	)	PUNCT
dem-4207	92	126	(	(	PUNCT
dem-4207	92	127	0.023	0.023	NUM
dem-4207	92	128	)	)	PUNCT
dem-4207	92	129	(	(	PUNCT
dem-4207	92	130	0.022	0.022	NUM
dem-4207	92	131	)	)	PUNCT
dem-4207	92	132	γ	γ	PROPN
dem-4207	92	133	-0.622	-0.622	NUM
dem-4207	92	134	-0.332	-0.332	NUM
dem-4207	92	135	-0.429	-0.429	SYM
dem-4207	92	136	-0.357	-0.357	ADJ
dem-4207	92	137	-0.328	-0.328	NUM
dem-4207	92	138	-0.297	-0.297	ADP
dem-4207	92	139	-0.335	-0.335	NOUN
dem-4207	92	140	-0.493	-0.493	NUM
dem-4207	92	141	-0.408	-0.408	X
dem-4207	93	1	-0.348	-0.348	X
dem-4207	93	2	(	(	PUNCT
dem-4207	93	3	0.119	0.119	NUM
dem-4207	93	4	)	)	PUNCT
dem-4207	93	5	(	(	PUNCT
dem-4207	93	6	0.048	0.048	NUM
dem-4207	93	7	)	)	PUNCT
dem-4207	93	8	(	(	PUNCT
dem-4207	93	9	0.068	0.068	NUM
dem-4207	93	10	)	)	PUNCT
dem-4207	93	11	(	(	PUNCT
dem-4207	93	12	0.052	0.052	NUM
dem-4207	93	13	)	)	PUNCT
dem-4207	93	14	(	(	PUNCT
dem-4207	93	15	0.049	0.049	NUM
dem-4207	93	16	)	)	PUNCT
dem-4207	93	17	(	(	PUNCT
dem-4207	93	18	0.048	0.048	NUM
dem-4207	93	19	)	)	PUNCT
dem-4207	93	20	(	(	PUNCT
dem-4207	93	21	0.047	0.047	NUM
dem-4207	93	22	)	)	PUNCT
dem-4207	93	23	(	(	PUNCT
dem-4207	93	24	0.074	0.074	NUM
dem-4207	93	25	)	)	PUNCT
dem-4207	93	26	(	(	PUNCT
dem-4207	93	27	0.069	0.069	NUM
dem-4207	93	28	)	)	PUNCT
dem-4207	93	29	(	(	PUNCT
dem-4207	93	30	0.051	0.051	NUM
dem-4207	93	31	)	)	PUNCT
dem-4207	93	32	φ	φ	NUM
dem-4207	93	33	0.928	0.928	NUM
dem-4207	93	34	0.965	0.965	NUM
dem-4207	93	35	0.951	0.951	NUM
dem-4207	93	36	0.962	0.962	NUM
dem-4207	93	37	0.963	0.963	NUM
dem-4207	93	38	0.966	0.966	NUM
dem-4207	93	39	0.963	0.963	NUM
dem-4207	93	40	0.948	0.948	NUM
dem-4207	93	41	0.955	0.955	NUM
dem-4207	93	42	0.963	0.963	NUM
dem-4207	93	43	(	(	PUNCT
dem-4207	93	44	0.014	0.014	NUM
dem-4207	93	45	)	)	PUNCT
dem-4207	93	46	(	(	PUNCT
dem-4207	93	47	0.005	0.005	NUM
dem-4207	93	48	)	)	PUNCT
dem-4207	93	49	(	(	PUNCT
dem-4207	93	50	0.008	0.008	NUM
dem-4207	93	51	)	)	PUNCT
dem-4207	93	52	(	(	PUNCT
dem-4207	93	53	0.006	0.006	NUM
dem-4207	93	54	)	)	PUNCT
dem-4207	93	55	(	(	PUNCT
dem-4207	93	56	0.006	0.006	NUM
dem-4207	93	57	)	)	PUNCT
dem-4207	93	58	(	(	PUNCT
dem-4207	93	59	0.006	0.006	NUM
dem-4207	93	60	)	)	PUNCT
dem-4207	93	61	(	(	PUNCT
dem-4207	93	62	0.005	0.005	NUM
dem-4207	93	63	)	)	PUNCT
dem-4207	93	64	(	(	PUNCT
dem-4207	93	65	0.008	0.008	NUM
dem-4207	93	66	)	)	PUNCT
dem-4207	93	67	(	(	PUNCT
dem-4207	93	68	0.008	0.008	NUM
dem-4207	93	69	)	)	PUNCT
dem-4207	93	70	(	(	PUNCT
dem-4207	93	71	0.005	0.005	NUM
dem-4207	93	72	)	)	PUNCT
dem-4207	93	73	σh	σh	NOUN
dem-4207	93	74	-2	-2	NOUN
dem-4207	93	75	22.233	22.233	NUM
dem-4207	93	76	16.972	16.972	NUM
dem-4207	93	77	17.711	17.711	NUM
dem-4207	93	78	13.728	13.728	NUM
dem-4207	93	79	15.277	15.277	NUM
dem-4207	93	80	25.790	25.790	NUM
dem-4207	93	81	15.973	15.973	NUM
dem-4207	93	82	13.672	13.672	NUM
dem-4207	93	83	15.958	15.958	NUM
dem-4207	93	84	17.871	17.871	NUM
dem-4207	93	85	(	(	PUNCT
dem-4207	93	86	5.675	5.675	NUM
dem-4207	93	87	)	)	PUNCT
dem-4207	93	88	(	(	PUNCT
dem-4207	93	89	2.809	2.809	NUM
dem-4207	93	90	)	)	PUNCT
dem-4207	93	91	(	(	PUNCT
dem-4207	93	92	3.395	3.395	NUM
dem-4207	93	93	)	)	PUNCT
dem-4207	93	94	(	(	PUNCT
dem-4207	93	95	2.123	2.123	NUM
dem-4207	93	96	)	)	PUNCT
dem-4207	93	97	(	(	PUNCT
dem-4207	93	98	2.592	2.592	NUM
dem-4207	93	99	)	)	PUNCT
dem-4207	93	100	(	(	PUNCT
dem-4207	93	101	5.279	5.279	NUM
dem-4207	93	102	)	)	PUNCT
dem-4207	93	103	(	(	PUNCT
dem-4207	93	104	2.491	2.491	NUM
dem-4207	93	105	)	)	PUNCT
dem-4207	93	106	(	(	PUNCT
dem-4207	93	107	2.447	2.447	NUM
dem-4207	93	108	)	)	PUNCT
dem-4207	93	109	(	(	PUNCT
dem-4207	93	110	3.156	3.156	NUM
dem-4207	93	111	)	)	PUNCT
dem-4207	93	112	(	(	PUNCT
dem-4207	93	113	2.996	2.996	NUM
dem-4207	93	114	)	)	PUNCT
dem-4207	93	115	ρ	ρ	PROPN
dem-4207	93	116	-0.153	-0.153	NOUN
dem-4207	93	117	-0.607	-0.607	PROPN
dem-4207	93	118	-0.55	-0.55	NUM
dem-4207	93	119	-0.578	-0.578	X
dem-4207	93	120	-0.612	-0.612	NOUN
dem-4207	93	121	-0.492	-0.492	NOUN
dem-4207	93	122	-0.62	-0.62	NUM
dem-4207	93	123	-0.484	-0.484	NOUN
dem-4207	93	124	-0.372	-0.372	PUNCT
dem-4207	93	125	-0.55	-0.55	PUNCT
dem-4207	93	126	(	(	PUNCT
dem-4207	93	127	0.081	0.081	NUM
dem-4207	93	128	)	)	PUNCT
dem-4207	93	129	(	(	PUNCT
dem-4207	93	130	0.063	0.063	NUM
dem-4207	93	131	)	)	PUNCT
dem-4207	93	132	(	(	PUNCT
dem-4207	93	133	0.065	0.065	NUM
dem-4207	93	134	)	)	PUNCT
dem-4207	93	135	(	(	PUNCT
dem-4207	93	136	0.061	0.061	NUM
dem-4207	93	137	)	)	PUNCT
dem-4207	93	138	(	(	PUNCT
dem-4207	93	139	0.059	0.059	NUM
dem-4207	93	140	)	)	PUNCT
dem-4207	93	141	(	(	PUNCT
dem-4207	93	142	0.081	0.081	NUM
dem-4207	93	143	)	)	PUNCT
dem-4207	93	144	(	(	PUNCT
dem-4207	93	145	0.063	0.063	NUM
dem-4207	93	146	)	)	PUNCT
dem-4207	93	147	(	(	PUNCT
dem-4207	93	148	0.067	0.067	NUM
dem-4207	93	149	)	)	PUNCT
dem-4207	93	150	(	(	PUNCT
dem-4207	93	151	0.075	0.075	NUM
dem-4207	93	152	)	)	PUNCT
dem-4207	93	153	(	(	PUNCT
dem-4207	93	154	0.064	0.064	NUM
dem-4207	93	155	)	)	PUNCT
dem-4207	93	156	ν	ν	ADP
dem-4207	93	157	23.04	23.04	NUM
dem-4207	93	158	27.20	27.20	NUM
dem-4207	93	159	38.47	38.47	NUM
dem-4207	93	160	39.75	39.75	NUM
dem-4207	93	161	31.77	31.77	NUM
dem-4207	93	162	30.34	30.34	NUM
dem-4207	93	163	31.33	31.33	NUM
dem-4207	93	164	37.85	37.85	NUM
dem-4207	93	165	16.04	16.04	NUM
dem-4207	93	166	26.99	26.99	NUM
dem-4207	93	167	(	(	PUNCT
dem-4207	93	168	9.96	9.96	NUM
dem-4207	93	169	)	)	PUNCT
dem-4207	93	170	(	(	PUNCT
dem-4207	93	171	11.45	11.45	NUM
dem-4207	93	172	)	)	PUNCT
dem-4207	93	173	(	(	PUNCT
dem-4207	93	174	14.52	14.52	NUM
dem-4207	93	175	)	)	PUNCT
dem-4207	93	176	(	(	PUNCT
dem-4207	93	177	14.61	14.61	NUM
dem-4207	93	178	)	)	PUNCT
dem-4207	93	179	(	(	PUNCT
dem-4207	93	180	12.76	12.76	NUM
dem-4207	93	181	)	)	PUNCT
dem-4207	93	182	(	(	PUNCT
dem-4207	93	183	12.06	12.06	NUM
dem-4207	93	184	)	)	PUNCT
dem-4207	93	185	(	(	PUNCT
dem-4207	93	186	12.55	12.55	NUM
dem-4207	93	187	)	)	PUNCT
dem-4207	93	188	(	(	PUNCT
dem-4207	93	189	14.55	14.55	NUM
dem-4207	93	190	)	)	PUNCT
dem-4207	93	191	(	(	PUNCT
dem-4207	93	192	7.22	7.22	NUM
dem-4207	93	193	)	)	PUNCT
dem-4207	93	194	(	(	PUNCT
dem-4207	93	195	11.17	11.17	NUM
dem-4207	93	196	)	)	PUNCT
dem-4207	93	197	λ	λ	NOUN
dem-4207	93	198	0.397	0.397	NUM
dem-4207	93	199	0.472	0.472	NUM
dem-4207	93	200	0.504	0.504	NUM
dem-4207	93	201	0.448	0.448	NUM
dem-4207	93	202	0.405	0.405	NUM
dem-4207	93	203	0.387	0.387	NUM
dem-4207	93	204	0.399	0.399	NUM
dem-4207	93	205	0.497	0.497	NUM
dem-4207	93	206	0.401	0.401	NUM
dem-4207	93	207	0.433	0.433	NUM
dem-4207	93	208	(	(	PUNCT
dem-4207	93	209	0.255	0.255	NUM
dem-4207	93	210	)	)	PUNCT
dem-4207	93	211	(	(	PUNCT
dem-4207	93	212	0.265	0.265	NUM
dem-4207	93	213	)	)	PUNCT
dem-4207	93	214	(	(	PUNCT
dem-4207	93	215	0.266	0.266	NUM
dem-4207	93	216	)	)	PUNCT
dem-4207	93	217	(	(	PUNCT
dem-4207	93	218	0.263	0.263	NUM
dem-4207	93	219	)	)	PUNCT
dem-4207	93	220	(	(	PUNCT
dem-4207	93	221	0.256	0.256	NUM
dem-4207	93	222	)	)	PUNCT
dem-4207	93	223	(	(	PUNCT
dem-4207	93	224	0.253	0.253	NUM
dem-4207	93	225	)	)	PUNCT
dem-4207	93	226	(	(	PUNCT
dem-4207	93	227	0.255	0.255	NUM
dem-4207	93	228	)	)	PUNCT
dem-4207	93	229	(	(	PUNCT
dem-4207	93	230	0.266	0.266	NUM
dem-4207	93	231	)	)	PUNCT
dem-4207	93	232	(	(	PUNCT
dem-4207	93	233	0.256	0.256	NUM
dem-4207	93	234	)	)	PUNCT
dem-4207	93	235	(	(	PUNCT
dem-4207	93	236	0.262	0.262	NUM
dem-4207	93	237	)	)	PUNCT
dem-4207	93	238	table	table	NOUN
dem-4207	93	239	3	3	NUM
dem-4207	93	240	.	.	PUNCT
dem-4207	93	241	posterior	posterior	ADJ
dem-4207	93	242	means	mean	NOUN
dem-4207	93	243	and	and	CCONJ
dem-4207	93	244	standard	standard	ADJ
dem-4207	93	245	deviations	deviation	NOUN
dem-4207	93	246	(	(	PUNCT
dem-4207	93	247	in	in	ADP
dem-4207	93	248	parenthesis	parenthesis	NOUN
dem-4207	93	249	)	)	PUNCT
dem-4207	93	250	of	of	ADP
dem-4207	93	251	λ	λ	NOUN
dem-4207	93	252	,	,	PUNCT
dem-4207	93	253	in	in	ADP
dem-4207	93	254	the	the	DET
dem-4207	93	255	case	case	NOUN
dem-4207	93	256	of	of	ADP
dem-4207	93	257	the	the	DET
dem-4207	93	258	exponential	exponential	ADJ
dem-4207	93	259	prior	prior	ADJ
dem-4207	93	260	distribution	distribution	NOUN
dem-4207	93	261	for	for	ADP
dem-4207	93	262	λ	λ	PROPN
dem-4207	93	263	(	(	PUNCT
dem-4207	93	264	d	d	NOUN
dem-4207	93	265	)	)	PUNCT
dem-4207	93	266	parameter	parameter	NOUN
dem-4207	93	267	wig	wig	NOUN
dem-4207	93	268	20	20	NUM
dem-4207	93	269	s&p	s&p	PROPN
dem-4207	93	270	500	500	NUM
dem-4207	93	271	nikkei	nikkei	NOUN
dem-4207	93	272	225	225	NUM
dem-4207	93	273	ftse	ftse	NOUN
dem-4207	93	274	100	100	NUM
dem-4207	93	275	dax	dax	PROPN
dem-4207	93	276	nas	nas	PROPN
dem-4207	93	277	-	-	PUNCT
dem-4207	93	278	daq	daq	PROPN
dem-4207	93	279	100	100	NUM
dem-4207	93	280	cac	cac	PROPN
dem-4207	93	281	40	40	NUM
dem-4207	93	282	sptse	sptse	NOUN
dem-4207	93	283	60	60	NUM
dem-4207	93	284	hang	hang	PROPN
dem-4207	93	285	seng	seng	PROPN
dem-4207	93	286	djia	djia	PROPN
dem-4207	93	287	λ	λ	PROPN
dem-4207	93	288	0.431	0.431	NUM
dem-4207	93	289	0.666	0.666	NUM
dem-4207	93	290	0.801	0.801	NUM
dem-4207	93	291	0.579	0.579	NUM
dem-4207	93	292	0.45	0.45	NUM
dem-4207	93	293	0.412	0.412	NUM
dem-4207	93	294	0.44	0.44	NUM
dem-4207	93	295	0.798	0.798	NUM
dem-4207	93	296	0.437	0.437	NUM
dem-4207	93	297	0.531	0.531	NUM
dem-4207	93	298	(	(	PUNCT
dem-4207	93	299	0.371	0.371	NUM
dem-4207	93	300	)	)	PUNCT
dem-4207	93	301	(	(	PUNCT
dem-4207	93	302	0.556	0.556	NUM
dem-4207	93	303	)	)	PUNCT
dem-4207	93	304	(	(	PUNCT
dem-4207	93	305	0.624	0.624	NUM
dem-4207	93	306	)	)	PUNCT
dem-4207	93	307	(	(	PUNCT
dem-4207	93	308	0.497	0.497	NUM
dem-4207	93	309	)	)	PUNCT
dem-4207	93	310	(	(	PUNCT
dem-4207	93	311	0.382	0.382	NUM
dem-4207	93	312	)	)	PUNCT
dem-4207	93	313	(	(	PUNCT
dem-4207	93	314	0.35	0.35	NUM
dem-4207	93	315	)	)	PUNCT
dem-4207	93	316	(	(	PUNCT
dem-4207	93	317	0.377	0.377	NUM
dem-4207	93	318	)	)	PUNCT
dem-4207	93	319	(	(	PUNCT
dem-4207	93	320	0.652	0.652	NUM
dem-4207	93	321	)	)	PUNCT
dem-4207	93	322	(	(	PUNCT
dem-4207	93	323	0.376	0.376	NUM
dem-4207	93	324	)	)	PUNCT
dem-4207	93	325	(	(	PUNCT
dem-4207	93	326	0.453	0.453	NUM
dem-4207	93	327	)	)	PUNCT
dem-4207	93	328	finally	finally	ADV
dem-4207	93	329	,	,	PUNCT
dem-4207	93	330	we	we	PRON
dem-4207	93	331	consider	consider	VERB
dem-4207	93	332	the	the	DET
dem-4207	93	333	posterior	posterior	ADJ
dem-4207	93	334	evidence	evidence	NOUN
dem-4207	93	335	regarding	regard	VERB
dem-4207	93	336	the	the	DET
dem-4207	93	337	box	box	NOUN
dem-4207	93	338	-	-	PUNCT
dem-4207	93	339	cox	cox	PROPN
dem-4207	93	340	transformation	transformation	NOUN
dem-4207	93	341	parameter	parameter	PROPN
dem-4207	93	342	.	.	PUNCT
dem-4207	94	1	figure	figure	NOUN
dem-4207	94	2	2	2	NUM
dem-4207	94	3	shows	show	VERB
dem-4207	94	4	the	the	DET
dem-4207	94	5	prior	prior	ADJ
dem-4207	94	6	and	and	CCONJ
dem-4207	94	7	posterior	posterior	ADJ
dem-4207	94	8	distributions	distribution	NOUN
dem-4207	94	9	for	for	ADP
dem-4207	94	10	λ	λ	PROPN
dem-4207	94	11	in	in	ADP
dem-4207	94	12	the	the	DET
dem-4207	94	13	case	case	NOUN
dem-4207	94	14	of	of	ADP
dem-4207	94	15	the	the	DET
dem-4207	94	16	wig20	wig20	PROPN
dem-4207	94	17	index	index	NOUN
dem-4207	94	18	.	.	PUNCT
dem-4207	95	1	we	we	PRON
dem-4207	95	2	see	see	VERB
dem-4207	95	3	from	from	ADP
dem-4207	95	4	the	the	DET
dem-4207	95	5	graphs	graph	NOUN
dem-4207	95	6	that	that	SCONJ
dem-4207	95	7	the	the	DET
dem-4207	95	8	prior	prior	ADJ
dem-4207	95	9	distribution	distribution	NOUN
dem-4207	95	10	for	for	ADP
dem-4207	95	11	λ	λ	PROPN
dem-4207	95	12	strongly	strongly	ADV
dem-4207	95	13	affects	affect	VERB
dem-4207	95	14	the	the	DET
dem-4207	95	15	posterior	posterior	ADJ
dem-4207	95	16	distribution	distribution	NOUN
dem-4207	95	17	for	for	ADP
dem-4207	95	18	this	this	DET
dem-4207	95	19	parameter	parameter	NOUN
dem-4207	95	20	,	,	PUNCT
dem-4207	95	21	e.g.	e.g.	ADV
dem-4207	95	22	,	,	PUNCT
dem-4207	95	23	a	a	DET
dem-4207	95	24	u	u	NOUN
dem-4207	95	25	-	-	ADJ
dem-4207	95	26	shaped	shape	VERB
dem-4207	95	27	prior	prior	ADJ
dem-4207	95	28	distribution	distribution	NOUN
dem-4207	95	29	implies	imply	VERB
dem-4207	95	30	the	the	DET
dem-4207	95	31	u	u	NOUN
dem-4207	95	32	-	-	ADJ
dem-4207	95	33	shaped	shape	VERB
dem-4207	95	34	posterior	posterior	ADJ
dem-4207	95	35	distribution	distribution	NOUN
dem-4207	95	36	.	.	PUNCT
dem-4207	96	1	in	in	ADP
dem-4207	96	2	the	the	DET
dem-4207	96	3	case	case	NOUN
dem-4207	96	4	of	of	ADP
dem-4207	96	5	the	the	DET
dem-4207	96	6	uniform	uniform	NOUN
dem-4207	96	7	prior	prior	ADV
dem-4207	96	8	for	for	ADP
dem-4207	96	9	λ	λ	PROPN
dem-4207	96	10	on	on	ADP
dem-4207	96	11	the	the	DET
dem-4207	96	12	interval	interval	NOUN
dem-4207	96	13	[	[	X
dem-4207	96	14	0	0	NUM
dem-4207	96	15	;	;	PUNCT
dem-4207	96	16	1	1	NUM
dem-4207	96	17	]	]	PUNCT
dem-4207	96	18	,	,	PUNCT
dem-4207	96	19	for	for	ADP
dem-4207	96	20	most	most	ADJ
dem-4207	96	21	stock	stock	NOUN
dem-4207	96	22	indices	index	NOUN
dem-4207	96	23	(	(	PUNCT
dem-4207	96	24	considered	consider	VERB
dem-4207	96	25	here	here	ADV
dem-4207	96	26	)	)	PUNCT
dem-4207	96	27	the	the	DET
dem-4207	96	28	posterior	posterior	ADJ
dem-4207	96	29	mean	mean	VERB
dem-4207	96	30	is	be	AUX
dem-4207	96	31	smaller	small	ADJ
dem-4207	96	32	than	than	ADP
dem-4207	96	33	the	the	DET
dem-4207	96	34	prior	prior	ADJ
dem-4207	96	35	mean	mean	NOUN
dem-4207	96	36	,	,	PUNCT
dem-4207	96	37	but	but	CCONJ
dem-4207	96	38	the	the	DET
dem-4207	96	39	dispersion	dispersion	NOUN
dem-4207	96	40	of	of	ADP
dem-4207	96	41	posterior	posterior	ADJ
dem-4207	96	42	distribution	distribution	NOUN
dem-4207	96	43	is	be	AUX
dem-4207	96	44	close	close	ADJ
dem-4207	96	45	to	to	ADP
dem-4207	96	46	that	that	PRON
dem-4207	96	47	of	of	ADP
dem-4207	96	48	the	the	DET
dem-4207	96	49	prior	prior	ADJ
dem-4207	96	50	distribution	distribution	NOUN
dem-4207	96	51	(	(	PUNCT
dem-4207	96	52	in	in	ADP
dem-4207	96	53	the	the	DET
dem-4207	96	54	case	case	NOUN
dem-4207	96	55	of	of	ADP
dem-4207	96	56	c	c	NOUN
dem-4207	96	57	,	,	PUNCT
dem-4207	96	58	bayesian	bayesian	NOUN
dem-4207	96	59	analysis	analysis	NOUN
dem-4207	96	60	of	of	ADP
dem-4207	96	61	the	the	DET
dem-4207	96	62	box	box	NOUN
dem-4207	96	63	-	-	PUNCT
dem-4207	96	64	cox	cox	PROPN
dem-4207	96	65	transformation	transformation	NOUN
dem-4207	96	66	in	in	ADP
dem-4207	96	67	stochastic	stochastic	ADJ
dem-4207	96	68	volatility	volatility	NOUN
dem-4207	96	69	models	model	NOUN
dem-4207	96	70	87	87	NUM
dem-4207	96	71	the	the	DET
dem-4207	96	72	prior	prior	ADJ
dem-4207	96	73	mean	mean	NOUN
dem-4207	96	74	is	be	AUX
dem-4207	96	75	equal	equal	ADJ
dem-4207	96	76	to	to	ADP
dem-4207	96	77	0.5	0.5	NUM
dem-4207	96	78	,	,	PUNCT
dem-4207	96	79	the	the	DET
dem-4207	96	80	prior	prior	ADJ
dem-4207	96	81	standard	standard	ADJ
dem-4207	96	82	deviation	deviation	NOUN
dem-4207	96	83	is	be	AUX
dem-4207	96	84	equal	equal	ADJ
dem-4207	96	85	to	to	ADP
dem-4207	96	86	0.288	0.288	NUM
dem-4207	96	87	)	)	PUNCT
dem-4207	96	88	.	.	PUNCT
dem-4207	97	1	even	even	ADV
dem-4207	97	2	though	though	SCONJ
dem-4207	97	3	the	the	DET
dem-4207	97	4	prior	prior	ADJ
dem-4207	97	5	distribution	distribution	NOUN
dem-4207	97	6	is	be	AUX
dem-4207	97	7	symmetrical	symmetrical	ADJ
dem-4207	97	8	,	,	PUNCT
dem-4207	97	9	in	in	ADP
dem-4207	97	10	the	the	DET
dem-4207	97	11	majority	majority	NOUN
dem-4207	97	12	of	of	ADP
dem-4207	97	13	cases	case	NOUN
dem-4207	97	14	the	the	DET
dem-4207	97	15	posterior	posterior	ADJ
dem-4207	97	16	distributions	distribution	NOUN
dem-4207	97	17	are	be	AUX
dem-4207	97	18	asymmetrical	asymmetrical	ADJ
dem-4207	97	19	.	.	PUNCT
dem-4207	98	1	the	the	DET
dem-4207	98	2	values	value	NOUN
dem-4207	98	3	of	of	ADP
dem-4207	98	4	λ	λ	PROPN
dem-4207	98	5	from	from	ADP
dem-4207	98	6	the	the	DET
dem-4207	98	7	interval	interval	NOUN
dem-4207	98	8	[	[	X
dem-4207	98	9	0	0	NUM
dem-4207	98	10	,	,	PUNCT
dem-4207	98	11	0.5	0.5	NUM
dem-4207	98	12	]	]	PUNCT
dem-4207	98	13	are	be	AUX
dem-4207	98	14	more	more	ADV
dem-4207	98	15	probable	probable	ADJ
dem-4207	98	16	a	a	DET
dem-4207	98	17	posterior	posterior	NOUN
dem-4207	98	18	than	than	ADP
dem-4207	98	19	those	those	PRON
dem-4207	98	20	from	from	ADP
dem-4207	98	21	[	[	X
dem-4207	98	22	0.5	0.5	NUM
dem-4207	98	23	,	,	PUNCT
dem-4207	98	24	1	1	NUM
dem-4207	98	25	]	]	PUNCT
dem-4207	98	26	(	(	PUNCT
dem-4207	98	27	see	see	VERB
dem-4207	98	28	the	the	DET
dem-4207	98	29	quantiles	quantile	NOUN
dem-4207	98	30	of	of	ADP
dem-4207	98	31	the	the	DET
dem-4207	98	32	posterior	posterior	ADJ
dem-4207	98	33	distributions	distribution	NOUN
dem-4207	98	34	of	of	ADP
dem-4207	98	35	the	the	DET
dem-4207	98	36	box	box	NOUN
dem-4207	98	37	-	-	PUNCT
dem-4207	98	38	cox	cox	PROPN
dem-4207	98	39	transformation	transformation	NOUN
dem-4207	98	40	parameter	parameter	NOUN
dem-4207	98	41	in	in	ADP
dem-4207	98	42	table	table	NOUN
dem-4207	98	43	4	4	NUM
dem-4207	98	44	)	)	PUNCT
dem-4207	98	45	.	.	PUNCT
dem-4207	99	1	a	a	DET
dem-4207	99	2	–	–	PUNCT
dem-4207	99	3	non	non	ADJ
dem-4207	99	4	-	-	ADJ
dem-4207	99	5	standard	standard	ADJ
dem-4207	99	6	b	b	NOUN
dem-4207	99	7	–	–	PUNCT
dem-4207	99	8	beta	beta	ADJ
dem-4207	99	9	distribution	distribution	NOUN
dem-4207	99	10	c	c	NOUN
dem-4207	99	11	–	–	PUNCT
dem-4207	99	12	uniform	uniform	ADJ
dem-4207	99	13	distribution	distribution	NOUN
dem-4207	99	14	on	on	ADP
dem-4207	99	15	the	the	DET
dem-4207	99	16	interval	interval	NOUN
dem-4207	99	17	[	[	X
dem-4207	99	18	0	0	NUM
dem-4207	99	19	,	,	PUNCT
dem-4207	99	20	1	1	NUM
dem-4207	99	21	]	]	SYM
dem-4207	99	22	d	d	X
dem-4207	99	23	–	–	PUNCT
dem-4207	99	24	exponential	exponential	ADJ
dem-4207	99	25	sistribution	sistribution	NOUN
dem-4207	99	26	figure	figure	NOUN
dem-4207	99	27	2	2	NUM
dem-4207	99	28	.	.	PUNCT
dem-4207	99	29	prior	prior	ADV
dem-4207	99	30	(	(	PUNCT
dem-4207	99	31	solid	solid	ADJ
dem-4207	99	32	line	line	NOUN
dem-4207	99	33	)	)	PUNCT
dem-4207	99	34	and	and	CCONJ
dem-4207	99	35	posterior	posterior	ADJ
dem-4207	99	36	(	(	PUNCT
dem-4207	99	37	bars	bar	NOUN
dem-4207	99	38	)	)	PUNCT
dem-4207	99	39	distributions	distribution	NOUN
dem-4207	99	40	for	for	ADP
dem-4207	99	41	λ	λ	PROPN
dem-4207	99	42	(	(	PUNCT
dem-4207	99	43	the	the	DET
dem-4207	99	44	wig20	wig20	PROPN
dem-4207	99	45	index	index	PROPN
dem-4207	99	46	)	)	PUNCT
dem-4207	99	47	in	in	ADP
dem-4207	99	48	the	the	DET
dem-4207	99	49	case	case	NOUN
dem-4207	99	50	of	of	ADP
dem-4207	99	51	the	the	DET
dem-4207	99	52	non	non	ADJ
dem-4207	99	53	-	-	ADJ
dem-4207	99	54	standard	standard	ADJ
dem-4207	99	55	prior	prior	ADJ
dem-4207	99	56	distribution	distribution	NOUN
dem-4207	99	57	for	for	ADP
dem-4207	99	58	λ	λ	NOUN
dem-4207	99	59	considered	consider	VERB
dem-4207	99	60	in	in	ADP
dem-4207	99	61	(	(	PUNCT
dem-4207	99	62	a	a	X
dem-4207	99	63	)	)	PUNCT
dem-4207	99	64	,	,	PUNCT
dem-4207	99	65	except	except	SCONJ
dem-4207	99	66	for	for	ADP
dem-4207	99	67	the	the	DET
dem-4207	99	68	nikkei	nikkei	NOUN
dem-4207	99	69	and	and	CCONJ
dem-4207	99	70	sptse	sptse	NOUN
dem-4207	99	71	60	60	NUM
dem-4207	99	72	indices	index	NOUN
dem-4207	99	73	,	,	PUNCT
dem-4207	99	74	the	the	DET
dem-4207	99	75	posterior	posterior	ADJ
dem-4207	99	76	medians	median	NOUN
dem-4207	99	77	are	be	AUX
dem-4207	99	78	below	below	ADP
dem-4207	99	79	0.1	0.1	NUM
dem-4207	99	80	,	,	PUNCT
dem-4207	99	81	but	but	CCONJ
dem-4207	99	82	the	the	DET
dem-4207	99	83	probability	probability	NOUN
dem-4207	99	84	that	that	SCONJ
dem-4207	99	85	λ	λ	NOUN
dem-4207	99	86	is	be	AUX
dem-4207	99	87	less	less	ADJ
dem-4207	99	88	than	than	ADP
dem-4207	99	89	0.9	0.9	NUM
dem-4207	99	90	is	be	AUX
dem-4207	99	91	not	not	PART
dem-4207	99	92	zero	zero	NUM
dem-4207	99	93	.	.	PUNCT
dem-4207	100	1	in	in	ADP
dem-4207	100	2	table	table	NOUN
dem-4207	100	3	5	5	NUM
dem-4207	100	4	we	we	PRON
dem-4207	100	5	present	present	VERB
dem-4207	100	6	the	the	DET
dem-4207	100	7	posterior	posterior	ADJ
dem-4207	100	8	probabilities	probability	NOUN
dem-4207	100	9	that	that	PRON
dem-4207	100	10	λ	λ	NOUN
dem-4207	100	11	is	be	AUX
dem-4207	100	12	in	in	ADP
dem-4207	100	13	the	the	DET
dem-4207	100	14	interval	interval	NOUN
dem-4207	100	15	[	[	X
dem-4207	100	16	0	0	NUM
dem-4207	100	17	,	,	PUNCT
dem-4207	100	18	0.01	0.01	NUM
dem-4207	100	19	]	]	PUNCT
dem-4207	100	20	and	and	CCONJ
dem-4207	100	21	in	in	ADP
dem-4207	100	22	the	the	DET
dem-4207	100	23	interval	interval	NOUN
dem-4207	100	24	[	[	X
dem-4207	100	25	0.99	0.99	NUM
dem-4207	100	26	,	,	PUNCT
dem-4207	100	27	1	1	NUM
dem-4207	100	28	]	]	PUNCT
dem-4207	100	29	.	.	PUNCT
dem-4207	101	1	except	except	SCONJ
dem-4207	101	2	for	for	ADP
dem-4207	101	3	the	the	DET
dem-4207	101	4	nikkei	nikkei	PROPN
dem-4207	101	5	index	index	PROPN
dem-4207	101	6	,	,	PUNCT
dem-4207	101	7	the	the	DET
dem-4207	101	8	values	value	NOUN
dem-4207	101	9	of	of	ADP
dem-4207	101	10	λ	λ	PROPN
dem-4207	101	11	from	from	ADP
dem-4207	101	12	the	the	DET
dem-4207	101	13	interval	interval	NOUN
dem-4207	101	14	[	[	X
dem-4207	101	15	0	0	NUM
dem-4207	101	16	,	,	PUNCT
dem-4207	101	17	0.01	0.01	NUM
dem-4207	101	18	]	]	PUNCT
dem-4207	101	19	are	be	AUX
dem-4207	101	20	more	more	ADV
dem-4207	101	21	probable	probable	ADJ
dem-4207	101	22	a	a	DET
dem-4207	101	23	posterior	posterior	NOUN
dem-4207	101	24	than	than	ADP
dem-4207	101	25	those	those	PRON
dem-4207	101	26	from	from	ADP
dem-4207	101	27	the	the	DET
dem-4207	101	28	interval	interval	NOUN
dem-4207	101	29	[	[	X
dem-4207	101	30	0.99	0.99	NUM
dem-4207	101	31	,	,	PUNCT
dem-4207	101	32	1	1	NUM
dem-4207	101	33	]	]	PUNCT
dem-4207	101	34	.	.	PUNCT
dem-4207	102	1	thus	thus	ADV
dem-4207	102	2	the	the	DET
dem-4207	102	3	data	data	NOUN
dem-4207	102	4	transformations	transformation	NOUN
dem-4207	102	5	which	which	PRON
dem-4207	102	6	are	be	AUX
dem-4207	102	7	close	close	ADJ
dem-4207	102	8	to	to	ADP
dem-4207	102	9	the	the	DET
dem-4207	102	10	log	log	NOUN
dem-4207	102	11	-	-	PUNCT
dem-4207	102	12	return	return	NOUN
dem-4207	102	13	are	be	AUX
dem-4207	102	14	more	more	ADV
dem-4207	102	15	probable	probable	ADJ
dem-4207	102	16	a	a	DET
dem-4207	102	17	posterior	posterior	NOUN
dem-4207	102	18	than	than	ADP
dem-4207	102	19	those	those	PRON
dem-4207	102	20	which	which	PRON
dem-4207	102	21	lead	lead	VERB
dem-4207	102	22	to	to	ADP
dem-4207	102	23	the	the	DET
dem-4207	102	24	simple	simple	ADJ
dem-4207	102	25	return	return	NOUN
dem-4207	102	26	.	.	PUNCT
dem-4207	103	1	0	0	NUM
dem-4207	103	2	0.5	0.5	NUM
dem-4207	103	3	1	1	NUM
dem-4207	103	4	1.5	1.5	NUM
dem-4207	103	5	2	2	NUM
dem-4207	103	6	2.5	2.5	NUM
dem-4207	103	7	3	3	NUM
dem-4207	103	8	3.5	3.5	NUM
dem-4207	103	9	4	4	NUM
dem-4207	103	10	0	0	NUM
dem-4207	103	11	0	0	NUM
dem-4207	103	12	.	.	PUNCT
dem-4207	103	13	09	09	NUM
dem-4207	103	14	0	0	NUM
dem-4207	103	15	.	.	PUNCT
dem-4207	103	16	18	18	NUM
dem-4207	103	17	0	0	NUM
dem-4207	103	18	.	.	PUNCT
dem-4207	103	19	27	27	NUM
dem-4207	103	20	0	0	NUM
dem-4207	103	21	.	.	PUNCT
dem-4207	104	1	36	36	NUM
dem-4207	104	2	0	0	NUM
dem-4207	104	3	.	.	PUNCT
dem-4207	105	1	45	45	NUM
dem-4207	105	2	0	0	NUM
dem-4207	105	3	.	.	PUNCT
dem-4207	106	1	54	54	NUM
dem-4207	106	2	0	0	NUM
dem-4207	106	3	.	.	PUNCT
dem-4207	107	1	63	63	NUM
dem-4207	107	2	0	0	NUM
dem-4207	107	3	.	.	PUNCT
dem-4207	107	4	72	72	NUM
dem-4207	107	5	0	0	NUM
dem-4207	107	6	.	.	PUNCT
dem-4207	108	1	81	81	NUM
dem-4207	108	2	0	0	NUM
dem-4207	108	3	.	.	PUNCT
dem-4207	109	1	9	9	NUM
dem-4207	109	2	0	0	NUM
dem-4207	109	3	.	.	PUNCT
dem-4207	109	4	99	99	NUM
dem-4207	109	5	0	0	NUM
dem-4207	109	6	0.5	0.5	NUM
dem-4207	109	7	1	1	NUM
dem-4207	109	8	1.5	1.5	NUM
dem-4207	109	9	2	2	NUM
dem-4207	109	10	2.5	2.5	NUM
dem-4207	109	11	3	3	NUM
dem-4207	109	12	3.5	3.5	NUM
dem-4207	109	13	4	4	NUM
dem-4207	109	14	0	0	NUM
dem-4207	109	15	0	0	NUM
dem-4207	109	16	.	.	PUNCT
dem-4207	109	17	09	09	NUM
dem-4207	109	18	0	0	NUM
dem-4207	109	19	.	.	PUNCT
dem-4207	110	1	18	18	NUM
dem-4207	110	2	0	0	NUM
dem-4207	110	3	.	.	PUNCT
dem-4207	111	1	27	27	NUM
dem-4207	111	2	0	0	NUM
dem-4207	111	3	.	.	PUNCT
dem-4207	112	1	36	36	NUM
dem-4207	112	2	0	0	NUM
dem-4207	112	3	.	.	PUNCT
dem-4207	113	1	45	45	NUM
dem-4207	113	2	0	0	NUM
dem-4207	113	3	.	.	PUNCT
dem-4207	114	1	54	54	NUM
dem-4207	114	2	0	0	NUM
dem-4207	114	3	.	.	PUNCT
dem-4207	115	1	63	63	NUM
dem-4207	115	2	0	0	NUM
dem-4207	115	3	.	.	PUNCT
dem-4207	115	4	72	72	NUM
dem-4207	115	5	0	0	NUM
dem-4207	115	6	.	.	PUNCT
dem-4207	116	1	81	81	NUM
dem-4207	116	2	0	0	NUM
dem-4207	116	3	.	.	PUNCT
dem-4207	117	1	9	9	NUM
dem-4207	117	2	0	0	NUM
dem-4207	117	3	.	.	PUNCT
dem-4207	117	4	99	99	NUM
dem-4207	117	5	0	0	NUM
dem-4207	117	6	0.5	0.5	NUM
dem-4207	117	7	1	1	NUM
dem-4207	117	8	1.5	1.5	NUM
dem-4207	117	9	2	2	NUM
dem-4207	117	10	2.5	2.5	NUM
dem-4207	117	11	3	3	NUM
dem-4207	117	12	3.5	3.5	NUM
dem-4207	117	13	4	4	NUM
dem-4207	117	14	0	0	NUM
dem-4207	117	15	0	0	NUM
dem-4207	117	16	.	.	PUNCT
dem-4207	117	17	09	09	NUM
dem-4207	117	18	0	0	NUM
dem-4207	117	19	.	.	PUNCT
dem-4207	118	1	18	18	NUM
dem-4207	118	2	0	0	NUM
dem-4207	118	3	.	.	PUNCT
dem-4207	119	1	27	27	NUM
dem-4207	119	2	0	0	NUM
dem-4207	119	3	.	.	PUNCT
dem-4207	120	1	36	36	NUM
dem-4207	120	2	0	0	NUM
dem-4207	120	3	.	.	PUNCT
dem-4207	121	1	45	45	NUM
dem-4207	121	2	0	0	NUM
dem-4207	121	3	.	.	PUNCT
dem-4207	122	1	54	54	NUM
dem-4207	122	2	0	0	NUM
dem-4207	122	3	.	.	PUNCT
dem-4207	123	1	63	63	NUM
dem-4207	123	2	0	0	NUM
dem-4207	123	3	.	.	PUNCT
dem-4207	123	4	72	72	NUM
dem-4207	123	5	0	0	NUM
dem-4207	123	6	.	.	PUNCT
dem-4207	124	1	81	81	NUM
dem-4207	124	2	0	0	NUM
dem-4207	124	3	.	.	PUNCT
dem-4207	125	1	9	9	NUM
dem-4207	125	2	0	0	NUM
dem-4207	125	3	.	.	PUNCT
dem-4207	125	4	99	99	NUM
dem-4207	125	5	0	0	NUM
dem-4207	125	6	0.5	0.5	NUM
dem-4207	125	7	1	1	NUM
dem-4207	125	8	1.5	1.5	NUM
dem-4207	125	9	2	2	NUM
dem-4207	125	10	2.5	2.5	NUM
dem-4207	125	11	3	3	NUM
dem-4207	125	12	3.5	3.5	NUM
dem-4207	125	13	4	4	NUM
dem-4207	125	14	0	0	NUM
dem-4207	125	15	0	0	NUM
dem-4207	125	16	.	.	PUNCT
dem-4207	126	1	18	18	NUM
dem-4207	126	2	0	0	NUM
dem-4207	126	3	.	.	PUNCT
dem-4207	127	1	36	36	NUM
dem-4207	127	2	0	0	NUM
dem-4207	127	3	.	.	PUNCT
dem-4207	128	1	54	54	NUM
dem-4207	128	2	0	0	NUM
dem-4207	128	3	.	.	PUNCT
dem-4207	128	4	72	72	NUM
dem-4207	128	5	0	0	NUM
dem-4207	128	6	.	.	PUNCT
dem-4207	128	7	9	9	NUM
dem-4207	128	8	1	1	NUM
dem-4207	128	9	.	.	NUM
dem-4207	128	10	08	08	NUM
dem-4207	129	1	1	1	NUM
dem-4207	129	2	.	.	X
dem-4207	129	3	26	26	NUM
dem-4207	129	4	1	1	NUM
dem-4207	129	5	.	.	X
dem-4207	129	6	44	44	NUM
dem-4207	129	7	1	1	NUM
dem-4207	129	8	.	.	PUNCT
dem-4207	130	1	62	62	NUM
dem-4207	130	2	1	1	NUM
dem-4207	130	3	.	.	NOUN
dem-4207	130	4	8	8	NUM
dem-4207	130	5	1	1	NUM
dem-4207	130	6	.	.	NUM
dem-4207	130	7	98	98	NUM
dem-4207	130	8	anna	anna	PROPN
dem-4207	130	9	pajor	pajor	NOUN
dem-4207	130	10	88	88	NUM
dem-4207	130	11	table	table	NOUN
dem-4207	130	12	4	4	NUM
dem-4207	130	13	.	.	PUNCT
dem-4207	130	14	posterior	posterior	ADJ
dem-4207	130	15	quantiles	quantile	NOUN
dem-4207	130	16	for	for	ADP
dem-4207	130	17	λ	λ	SYM
dem-4207	130	18	quantile	quantile	NOUN
dem-4207	130	19	of	of	ADP
dem-4207	130	20	order	order	NOUN
dem-4207	130	21	wig	wig	NOUN
dem-4207	130	22	20	20	NUM
dem-4207	130	23	s&p	s&p	PROPN
dem-4207	130	24	500	500	NUM
dem-4207	130	25	nikkei	nikkei	NOUN
dem-4207	130	26	225	225	NUM
dem-4207	130	27	ftse	ftse	NOUN
dem-4207	130	28	100	100	NUM
dem-4207	130	29	dax	dax	PROPN
dem-4207	130	30	nasdaq	nasdaq	PROPN
dem-4207	130	31	100	100	NUM
dem-4207	130	32	cac	cac	PROPN
dem-4207	130	33	40	40	NUM
dem-4207	130	34	sptse	sptse	NOUN
dem-4207	130	35	60	60	NUM
dem-4207	130	36	hang	hang	PROPN
dem-4207	130	37	seng	seng	PROPN
dem-4207	130	38	djia	djia	PROPN
dem-4207	130	39	0.05	0.05	NUM
dem-4207	130	40	0.003	0.003	NUM
dem-4207	130	41	0.004	0.004	NUM
dem-4207	130	42	0.005	0.005	NUM
dem-4207	130	43	0.004	0.004	NUM
dem-4207	130	44	0.003	0.003	NUM
dem-4207	130	45	0.003	0.003	NUM
dem-4207	130	46	0.003	0.003	NUM
dem-4207	130	47	0.005	0.005	NUM
dem-4207	130	48	0.003	0.003	NUM
dem-4207	130	49	0.004	0.004	NUM
dem-4207	130	50	0.25	0.25	NUM
dem-4207	130	51	0.016	0.016	NUM
dem-4207	130	52	0.023	0.023	NUM
dem-4207	130	53	0.033	0.033	NUM
dem-4207	130	54	0.021	0.021	NUM
dem-4207	130	55	0.016	0.016	NUM
dem-4207	130	56	0.015	0.015	NUM
dem-4207	130	57	0.016	0.016	NUM
dem-4207	130	58	0.031	0.031	NUM
dem-4207	130	59	0.016	0.016	NUM
dem-4207	130	60	0.019	0.019	NUM
dem-4207	130	61	a	a	PRON
dem-4207	130	62	0.5	0.5	NUM
dem-4207	130	63	0.042	0.042	NUM
dem-4207	130	64	0.082	0.082	NUM
dem-4207	130	65	0.824	0.824	NUM
dem-4207	130	66	0.062	0.062	NUM
dem-4207	130	67	0.044	0.044	NUM
dem-4207	130	68	0.039	0.039	NUM
dem-4207	130	69	0.042	0.042	NUM
dem-4207	130	70	0.665	0.665	NUM
dem-4207	130	71	0.042	0.042	NUM
dem-4207	130	72	0.055	0.055	NUM
dem-4207	130	73	0.75	0.75	NUM
dem-4207	130	74	0.135	0.135	NUM
dem-4207	130	75	0.957	0.957	NUM
dem-4207	130	76	0.972	0.972	NUM
dem-4207	130	77	0.937	0.937	NUM
dem-4207	130	78	0.161	0.161	NUM
dem-4207	130	79	0.111	0.111	NUM
dem-4207	130	80	0.144	0.144	NUM
dem-4207	130	81	0.97	0.97	NUM
dem-4207	130	82	0.133	0.133	NUM
dem-4207	130	83	0.914	0.914	NUM
dem-4207	130	84	0.95	0.95	NUM
dem-4207	130	85	0.988	0.988	NUM
dem-4207	130	86	0.995	0.995	NUM
dem-4207	130	87	0.996	0.996	NUM
dem-4207	130	88	0.993	0.993	NUM
dem-4207	130	89	0.989	0.989	NUM
dem-4207	130	90	0.985	0.985	NUM
dem-4207	130	91	0.988	0.988	NUM
dem-4207	130	92	0.996	0.996	NUM
dem-4207	130	93	0.988	0.988	NUM
dem-4207	130	94	0.992	0.992	NUM
dem-4207	130	95	0.05	0.05	NUM
dem-4207	130	96	0.005	0.005	NUM
dem-4207	130	97	0.011	0.011	NUM
dem-4207	130	98	0.016	0.016	NUM
dem-4207	130	99	0.008	0.008	NUM
dem-4207	130	100	0.005	0.005	NUM
dem-4207	130	101	0.005	0.005	NUM
dem-4207	130	102	0.004	0.004	NUM
dem-4207	130	103	0.013	0.013	NUM
dem-4207	130	104	0.004	0.004	NUM
dem-4207	130	105	0.007	0.007	NUM
dem-4207	130	106	0.25	0.25	NUM
dem-4207	130	107	0.088	0.088	NUM
dem-4207	130	108	0.163	0.163	NUM
dem-4207	130	109	0.217	0.217	NUM
dem-4207	130	110	0.131	0.131	NUM
dem-4207	130	111	0.095	0.095	NUM
dem-4207	130	112	0.081	0.081	NUM
dem-4207	130	113	0.088	0.088	NUM
dem-4207	130	114	0.194	0.194	NUM
dem-4207	130	115	0.087	0.087	NUM
dem-4207	130	116	0.116	0.116	NUM
dem-4207	130	117	b	b	X
dem-4207	130	118	0.5	0.5	NUM
dem-4207	130	119	0.277	0.277	NUM
dem-4207	130	120	0.433	0.433	NUM
dem-4207	130	121	0.516	0.516	NUM
dem-4207	130	122	0.375	0.375	NUM
dem-4207	130	123	0.294	0.294	NUM
dem-4207	130	124	0.26	0.26	NUM
dem-4207	130	125	0.28	0.28	NUM
dem-4207	130	126	0.489	0.489	NUM
dem-4207	130	127	0.278	0.278	NUM
dem-4207	130	128	0.343	0.343	NUM
dem-4207	130	129	0.75	0.75	NUM
dem-4207	130	130	0.573	0.573	NUM
dem-4207	130	131	0.746	0.746	NUM
dem-4207	130	132	0.806	0.806	NUM
dem-4207	130	133	0.693	0.693	NUM
dem-4207	130	134	0.597	0.597	NUM
dem-4207	130	135	0.545	0.545	NUM
dem-4207	130	136	0.575	0.575	NUM
dem-4207	130	137	0.787	0.787	NUM
dem-4207	130	138	0.576	0.576	NUM
dem-4207	130	139	0.658	0.658	NUM
dem-4207	130	140	0.95	0.95	NUM
dem-4207	130	141	0.939	0.939	NUM
dem-4207	130	142	0.981	0.981	NUM
dem-4207	130	143	0.987	0.987	NUM
dem-4207	130	144	0.973	0.973	NUM
dem-4207	130	145	0.945	0.945	NUM
dem-4207	130	146	0.926	0.926	NUM
dem-4207	130	147	0.939	0.939	NUM
dem-4207	130	148	0.985	0.985	NUM
dem-4207	130	149	0.938	0.938	NUM
dem-4207	130	150	0.963	0.963	NUM
dem-4207	130	151	0.05	0.05	NUM
dem-4207	130	152	0.042	0.042	NUM
dem-4207	130	153	0.063	0.063	NUM
dem-4207	130	154	0.076	0.076	NUM
dem-4207	130	155	0.055	0.055	NUM
dem-4207	130	156	0.044	0.044	NUM
dem-4207	130	157	0.04	0.04	NUM
dem-4207	130	158	0.042	0.042	NUM
dem-4207	130	159	0.072	0.072	NUM
dem-4207	130	160	0.043	0.043	NUM
dem-4207	130	161	0.051	0.051	NUM
dem-4207	130	162	0.25	0.25	NUM
dem-4207	130	163	0.185	0.185	NUM
dem-4207	130	164	0.252	0.252	NUM
dem-4207	130	165	0.286	0.286	NUM
dem-4207	130	166	0.229	0.229	NUM
dem-4207	130	167	0.192	0.192	NUM
dem-4207	130	168	0.178	0.178	NUM
dem-4207	130	169	0.186	0.186	NUM
dem-4207	130	170	0.278	0.278	NUM
dem-4207	130	171	0.188	0.188	NUM
dem-4207	130	172	0.215	0.215	NUM
dem-4207	130	173	c	c	NOUN
dem-4207	130	174	0.5	0.5	NUM
dem-4207	130	175	0.362	0.362	NUM
dem-4207	130	176	0.462	0.462	NUM
dem-4207	130	177	0.506	0.506	NUM
dem-4207	130	178	0.429	0.429	NUM
dem-4207	130	179	0.374	0.374	NUM
dem-4207	130	180	0.35	0.35	NUM
dem-4207	130	181	0.366	0.366	NUM
dem-4207	130	182	0.496	0.496	NUM
dem-4207	130	183	0.369	0.369	NUM
dem-4207	130	184	0.409	0.409	NUM
dem-4207	130	185	0.75	0.75	NUM
dem-4207	130	186	0.585	0.585	NUM
dem-4207	130	187	0.686	0.686	NUM
dem-4207	130	188	0.723	0.723	NUM
dem-4207	130	189	0.656	0.656	NUM
dem-4207	130	190	0.597	0.597	NUM
dem-4207	130	191	0.571	0.571	NUM
dem-4207	130	192	0.589	0.589	NUM
dem-4207	130	193	0.716	0.716	NUM
dem-4207	130	194	0.591	0.591	NUM
dem-4207	130	195	0.636	0.636	NUM
dem-4207	130	196	0.95	0.95	NUM
dem-4207	130	197	0.864	0.864	NUM
dem-4207	130	198	0.914	0.914	NUM
dem-4207	130	199	0.929	0.929	NUM
dem-4207	130	200	0.901	0.901	NUM
dem-4207	130	201	0.871	0.871	NUM
dem-4207	130	202	0.855	0.855	NUM
dem-4207	130	203	0.865	0.865	NUM
dem-4207	130	204	0.926	0.926	NUM
dem-4207	130	205	0.867	0.867	NUM
dem-4207	130	206	0.891	0.891	NUM
dem-4207	130	207	0.05	0.05	NUM
dem-4207	130	208	0.034	0.034	NUM
dem-4207	130	209	0.058	0.058	NUM
dem-4207	130	210	0.077	0.077	NUM
dem-4207	130	211	0.047	0.047	NUM
dem-4207	130	212	0.036	0.036	NUM
dem-4207	130	213	0.032	0.032	NUM
dem-4207	130	214	0.035	0.035	NUM
dem-4207	130	215	0.071	0.071	NUM
dem-4207	130	216	0.034	0.034	NUM
dem-4207	130	217	0.044	0.044	NUM
dem-4207	130	218	0.25	0.25	NUM
dem-4207	130	219	0.158	0.158	NUM
dem-4207	130	220	0.252	0.252	NUM
dem-4207	130	221	0.322	0.322	NUM
dem-4207	130	222	0.213	0.213	NUM
dem-4207	130	223	0.167	0.167	NUM
dem-4207	130	224	0.153	0.153	NUM
dem-4207	130	225	0.161	0.161	NUM
dem-4207	130	226	0.307	0.307	NUM
dem-4207	130	227	0.16	0.16	NUM
dem-4207	130	228	0.196	0.196	NUM
dem-4207	130	229	d	d	ADP
dem-4207	130	230	0.5	0.5	NUM
dem-4207	130	231	0.332	0.332	NUM
dem-4207	130	232	0.52	0.52	NUM
dem-4207	130	233	0.652	0.652	NUM
dem-4207	130	234	0.445	0.445	NUM
dem-4207	130	235	0.351	0.351	NUM
dem-4207	130	236	0.32	0.32	NUM
dem-4207	130	237	0.341	0.341	NUM
dem-4207	130	238	0.63	0.63	NUM
dem-4207	130	239	0.337	0.337	NUM
dem-4207	130	240	0.411	0.411	NUM
dem-4207	130	241	0.75	0.75	NUM
dem-4207	130	242	0.598	0.598	NUM
dem-4207	130	243	0.932	0.932	NUM
dem-4207	130	244	1.13	1.13	NUM
dem-4207	130	245	0.805	0.805	NUM
dem-4207	130	246	0.629	0.629	NUM
dem-4207	130	247	0.574	0.574	NUM
dem-4207	130	248	0.615	0.615	NUM
dem-4207	130	249	1.122	1.122	NUM
dem-4207	130	250	0.61	0.61	NUM
dem-4207	130	251	0.74	0.74	NUM
dem-4207	130	252	0.95	0.95	NUM
dem-4207	130	253	1.172	1.172	NUM
dem-4207	130	254	1.771	1.771	NUM
dem-4207	130	255	2.037	2.037	NUM
dem-4207	130	256	1.577	1.577	NUM
dem-4207	130	257	1.208	1.208	NUM
dem-4207	130	258	1.11	1.11	NUM
dem-4207	130	259	1.186	1.186	NUM
dem-4207	130	260	2.095	2.095	NUM
dem-4207	130	261	1.186	1.186	NUM
dem-4207	130	262	1.435	1.435	NUM
dem-4207	130	263	note	note	NOUN
dem-4207	130	264	:	:	PUNCT
dem-4207	130	265	prior	prior	ADJ
dem-4207	130	266	distributions	distribution	NOUN
dem-4207	130	267	for	for	ADP
dem-4207	130	268	λ	λ	NOUN
dem-4207	130	269	:	:	PUNCT
dem-4207	130	270	a	a	PRON
dem-4207	130	271	–	–	PUNCT
dem-4207	130	272	non	non	ADJ
dem-4207	130	273	-	-	ADJ
dem-4207	130	274	standard	standard	ADJ
dem-4207	130	275	,	,	PUNCT
dem-4207	130	276	u	u	NOUN
dem-4207	130	277	-	-	VERB
dem-4207	130	278	shaped	shaped	ADJ
dem-4207	130	279	on	on	ADP
dem-4207	130	280	the	the	DET
dem-4207	130	281	interval	interval	NOUN
dem-4207	130	282	[	[	X
dem-4207	130	283	0	0	NUM
dem-4207	130	284	,	,	PUNCT
dem-4207	130	285	1	1	NUM
dem-4207	130	286	]	]	PUNCT
dem-4207	130	287	,	,	PUNCT
dem-4207	130	288	b	b	X
dem-4207	130	289	–	–	PUNCT
dem-4207	130	290	beta	beta	ADJ
dem-4207	130	291	distribution	distribution	NOUN
dem-4207	130	292	,	,	PUNCT
dem-4207	130	293	c	c	X
dem-4207	130	294	–	–	PUNCT
dem-4207	130	295	uniform	uniform	ADJ
dem-4207	130	296	distribution	distribution	NOUN
dem-4207	130	297	on	on	ADP
dem-4207	130	298	[	[	X
dem-4207	130	299	0	0	NUM
dem-4207	130	300	,	,	PUNCT
dem-4207	130	301	1	1	NUM
dem-4207	130	302	]	]	PUNCT
dem-4207	130	303	,	,	PUNCT
dem-4207	130	304	d	d	ADJ
dem-4207	130	305	–	–	PUNCT
dem-4207	130	306	exponential	exponential	ADJ
dem-4207	130	307	distribution	distribution	NOUN
dem-4207	130	308	.	.	PUNCT
dem-4207	131	1	table	table	NOUN
dem-4207	131	2	5	5	NUM
dem-4207	131	3	.	.	PUNCT
dem-4207	131	4	posterior	posterior	ADJ
dem-4207	131	5	results	result	NOUN
dem-4207	131	6	for	for	ADP
dem-4207	131	7	λ	λ	PROPN
dem-4207	131	8	case	case	NOUN
dem-4207	131	9	index	index	NOUN
dem-4207	131	10	:	:	PUNCT
dem-4207	131	11	wig	wig	NOUN
dem-4207	131	12	20	20	NUM
dem-4207	131	13	s&p	s&p	PROPN
dem-4207	131	14	500	500	NUM
dem-4207	131	15	nikkei	nikkei	NOUN
dem-4207	131	16	225	225	NUM
dem-4207	131	17	ftse	ftse	NOUN
dem-4207	131	18	100	100	NUM
dem-4207	131	19	dax	dax	PROPN
dem-4207	131	20	nasdaq	nasdaq	PROPN
dem-4207	131	21	100	100	NUM
dem-4207	131	22	cac	cac	PROPN
dem-4207	131	23	40	40	NUM
dem-4207	131	24	sptse	sptse	NOUN
dem-4207	131	25	60	60	NUM
dem-4207	131	26	hang	hang	PROPN
dem-4207	131	27	seng	seng	PROPN
dem-4207	131	28	djia	djia	PROPN
dem-4207	131	29	u	u	PROPN
dem-4207	131	30	=	=	NOUN
dem-4207	131	31	pr(λ<0.01|y	pr(λ<0.01|y	NOUN
dem-4207	131	32	)	)	PUNCT
dem-4207	131	33	0.173	0.173	NUM
dem-4207	131	34	0.127	0.127	NUM
dem-4207	131	35	0.102	0.102	NUM
dem-4207	131	36	0.142	0.142	NUM
dem-4207	131	37	0.172	0.172	NUM
dem-4207	131	38	0.178	0.178	NUM
dem-4207	131	39	0.172	0.172	NUM
dem-4207	131	40	0.105	0.105	NUM
dem-4207	131	41	0.174	0.174	NUM
dem-4207	131	42	0.149	0.149	NUM
dem-4207	131	43	a	a	DET
dem-4207	131	44	v	v	NOUN
dem-4207	131	45	=	=	SYM
dem-4207	131	46	pr(λ>0.99|y	pr(λ>0.99|y	NUM
dem-4207	131	47	)	)	PUNCT
dem-4207	131	48	0.041	0.041	NUM
dem-4207	131	49	0.083	0.083	NUM
dem-4207	131	50	0.109	0.109	NUM
dem-4207	131	51	0.068	0.068	NUM
dem-4207	131	52	0.044	0.044	NUM
dem-4207	131	53	0.038	0.038	NUM
dem-4207	131	54	0.042	0.042	NUM
dem-4207	131	55	0.100	0.100	NUM
dem-4207	131	56	0.040	0.040	NUM
dem-4207	131	57	0.060	0.060	NUM
dem-4207	131	58	u	u	NOUN
dem-4207	131	59	/	/	SYM
dem-4207	131	60	v	v	ADP
dem-4207	131	61	4.238	4.238	NUM
dem-4207	131	62	1.531	1.531	NUM
dem-4207	131	63	0.934	0.934	NUM
dem-4207	131	64	2.088	2.088	NUM
dem-4207	131	65	3.942	3.942	NUM
dem-4207	131	66	4.693	4.693	NUM
dem-4207	131	67	4.111	4.111	NUM
dem-4207	131	68	1.052	1.052	NUM
dem-4207	131	69	4.370	4.370	NUM
dem-4207	131	70	2.492	2.492	NUM
dem-4207	131	71	u	u	NOUN
dem-4207	131	72	=	=	NOUN
dem-4207	131	73	pr(λ<0.01|y	pr(λ<0.01|y	NOUN
dem-4207	131	74	)	)	PUNCT
dem-4207	131	75	0.077	0.077	NUM
dem-4207	131	76	0.050	0.050	NUM
dem-4207	131	77	0.040	0.040	NUM
dem-4207	131	78	0.060	0.060	NUM
dem-4207	131	79	0.073	0.073	NUM
dem-4207	131	80	0.081	0.081	NUM
dem-4207	131	81	0.079	0.079	NUM
dem-4207	131	82	0.045	0.045	NUM
dem-4207	131	83	0.081	0.081	NUM
dem-4207	131	84	0.064	0.064	NUM
dem-4207	131	85	b	b	PROPN
dem-4207	131	86	v	v	ADP
dem-4207	131	87	=	=	SYM
dem-4207	131	88	pr(λ>0.99|y	pr(λ>0.99|y	NUM
dem-4207	131	89	)	)	PUNCT
dem-4207	131	90	0.018	0.018	NUM
dem-4207	131	91	0.035	0.035	NUM
dem-4207	132	1	0.044	0.044	NUM
dem-4207	132	2	0.030	0.030	NUM
dem-4207	132	3	0.019	0.019	NUM
dem-4207	132	4	0.016	0.016	NUM
dem-4207	132	5	0.018	0.018	NUM
dem-4207	132	6	0.039	0.039	NUM
dem-4207	132	7	0.017	0.017	NUM
dem-4207	132	8	0.024	0.024	NUM
dem-4207	132	9	u	u	NOUN
dem-4207	132	10	/	/	SYM
dem-4207	132	11	v	v	NUM
dem-4207	132	12	4.294	4.294	NUM
dem-4207	132	13	1.418	1.418	NUM
dem-4207	132	14	0.913	0.913	NUM
dem-4207	132	15	1.999	1.999	NUM
dem-4207	132	16	3.829	3.829	NUM
dem-4207	132	17	4.924	4.924	NUM
dem-4207	132	18	4.402	4.402	NUM
dem-4207	132	19	1.137	1.137	NUM
dem-4207	132	20	4.769	4.769	NUM
dem-4207	132	21	2.656	2.656	NUM
dem-4207	132	22	u	u	NOUN
dem-4207	132	23	=	=	NOUN
dem-4207	132	24	pr(λ<0.01|y	pr(λ<0.01|y	NOUN
dem-4207	132	25	)	)	PUNCT
dem-4207	132	26	0.011	0.011	NUM
dem-4207	132	27	0.007	0.007	NUM
dem-4207	132	28	0.006	0.006	NUM
dem-4207	132	29	0.008	0.008	NUM
dem-4207	132	30	0.011	0.011	NUM
dem-4207	132	31	0.012	0.012	NUM
dem-4207	132	32	0.011	0.011	NUM
dem-4207	132	33	0.006	0.006	NUM
dem-4207	132	34	0.011	0.011	NUM
dem-4207	132	35	0.009	0.009	NUM
dem-4207	132	36	c	c	NOUN
dem-4207	132	37	v	v	NOUN
dem-4207	132	38	=	=	SYM
dem-4207	132	39	pr(λ>0.99|y	pr(λ>0.99|y	NUM
dem-4207	132	40	)	)	PUNCT
dem-4207	132	41	0.003	0.003	NUM
dem-4207	132	42	0.005	0.005	NUM
dem-4207	132	43	0.006	0.006	NUM
dem-4207	132	44	0.004	0.004	NUM
dem-4207	132	45	0.003	0.003	NUM
dem-4207	132	46	0.002	0.002	NUM
dem-4207	132	47	0.003	0.003	NUM
dem-4207	132	48	0.006	0.006	NUM
dem-4207	132	49	0.003	0.003	NUM
dem-4207	132	50	0.004	0.004	NUM
dem-4207	132	51	u	u	NOUN
dem-4207	132	52	/	/	SYM
dem-4207	132	53	v	v	ADP
dem-4207	132	54	4.485	4.485	NUM
dem-4207	132	55	1.546	1.546	NUM
dem-4207	132	56	0.933	0.933	NUM
dem-4207	132	57	2.084	2.084	NUM
dem-4207	132	58	3.733	3.733	NUM
dem-4207	132	59	5.293	5.293	NUM
dem-4207	132	60	4.222	4.222	NUM
dem-4207	132	61	1.027	1.027	NUM
dem-4207	132	62	4.184	4.184	NUM
dem-4207	132	63	2.604	2.604	NUM
dem-4207	132	64	note	note	NOUN
dem-4207	132	65	:	:	PUNCT
dem-4207	132	66	prior	prior	ADJ
dem-4207	132	67	distributions	distribution	NOUN
dem-4207	132	68	for	for	ADP
dem-4207	132	69	λ	λ	NOUN
dem-4207	132	70	:	:	PUNCT
dem-4207	132	71	a	a	DET
dem-4207	132	72	–	–	PUNCT
dem-4207	132	73	non	non	ADJ
dem-4207	132	74	-	-	ADJ
dem-4207	132	75	standard	standard	ADJ
dem-4207	132	76	,	,	PUNCT
dem-4207	132	77	u	u	NOUN
dem-4207	132	78	-	-	VERB
dem-4207	132	79	shaped	shaped	ADJ
dem-4207	132	80	on	on	ADP
dem-4207	132	81	the	the	DET
dem-4207	132	82	interval	interval	NOUN
dem-4207	132	83	[	[	X
dem-4207	132	84	0	0	NUM
dem-4207	132	85	,	,	PUNCT
dem-4207	132	86	1	1	NUM
dem-4207	132	87	]	]	PUNCT
dem-4207	132	88	,	,	PUNCT
dem-4207	132	89	b	b	X
dem-4207	132	90	–	–	PUNCT
dem-4207	132	91	beta	beta	ADJ
dem-4207	132	92	distribution	distribution	NOUN
dem-4207	132	93	,	,	PUNCT
dem-4207	132	94	c	c	X
dem-4207	132	95	–	–	PUNCT
dem-4207	132	96	uniform	uniform	ADJ
dem-4207	132	97	distribution	distribution	NOUN
dem-4207	132	98	on	on	ADP
dem-4207	132	99	[	[	X
dem-4207	132	100	0	0	NUM
dem-4207	132	101	,	,	PUNCT
dem-4207	132	102	1	1	NUM
dem-4207	132	103	]	]	PUNCT
dem-4207	132	104	.	.	PUNCT
dem-4207	133	1	it	it	PRON
dem-4207	133	2	is	be	AUX
dem-4207	133	3	important	important	ADJ
dem-4207	133	4	to	to	PART
dem-4207	133	5	stress	stress	VERB
dem-4207	133	6	that	that	SCONJ
dem-4207	133	7	even	even	ADV
dem-4207	133	8	though	though	SCONJ
dem-4207	133	9	the	the	DET
dem-4207	133	10	prior	prior	ADJ
dem-4207	133	11	distribution	distribution	NOUN
dem-4207	133	12	of	of	ADP
dem-4207	133	13	λ	λ	PROPN
dem-4207	133	14	has	have	VERB
dem-4207	133	15	a	a	DET
dem-4207	133	16	strong	strong	ADJ
dem-4207	133	17	effect	effect	NOUN
dem-4207	133	18	on	on	ADP
dem-4207	133	19	the	the	DET
dem-4207	133	20	posterior	posterior	ADJ
dem-4207	133	21	distribution	distribution	NOUN
dem-4207	133	22	of	of	ADP
dem-4207	133	23	λ	λ	PROPN
dem-4207	133	24	,	,	PUNCT
dem-4207	133	25	it	it	PRON
dem-4207	133	26	does	do	AUX
dem-4207	133	27	not	not	PART
dem-4207	133	28	affect	affect	VERB
dem-4207	133	29	the	the	DET
dem-4207	133	30	posterior	posterior	ADJ
dem-4207	133	31	distribution	distribution	NOUN
dem-4207	133	32	of	of	ADP
dem-4207	133	33	the	the	DET
dem-4207	133	34	remaining	remain	VERB
dem-4207	133	35	parameters	parameter	NOUN
dem-4207	133	36	.	.	PUNCT
dem-4207	134	1	thus	thus	ADV
dem-4207	134	2	in	in	ADP
dem-4207	134	3	table	table	NOUN
dem-4207	134	4	3	3	NUM
dem-4207	134	5	we	we	PRON
dem-4207	134	6	present	present	VERB
dem-4207	134	7	the	the	DET
dem-4207	134	8	posterior	posterior	ADJ
dem-4207	134	9	characteristics	characteristic	NOUN
dem-4207	134	10	only	only	ADV
dem-4207	134	11	of	of	ADP
dem-4207	134	12	λ	λ	PROPN
dem-4207	134	13	,	,	PUNCT
dem-4207	134	14	obtained	obtain	VERB
dem-4207	134	15	in	in	ADP
dem-4207	134	16	the	the	DET
dem-4207	134	17	ar(1)-fcsv	ar(1)-fcsv	PROPN
dem-4207	134	18	model	model	NOUN
dem-4207	134	19	with	with	ADP
dem-4207	134	20	the	the	DET
dem-4207	134	21	exponential	exponential	ADJ
dem-4207	134	22	bayesian	bayesian	NOUN
dem-4207	134	23	analysis	analysis	NOUN
dem-4207	134	24	of	of	ADP
dem-4207	134	25	the	the	DET
dem-4207	134	26	box	box	NOUN
dem-4207	134	27	-	-	PUNCT
dem-4207	134	28	cox	cox	PROPN
dem-4207	134	29	transformation	transformation	NOUN
dem-4207	134	30	in	in	ADP
dem-4207	134	31	stochastic	stochastic	ADJ
dem-4207	134	32	volatility	volatility	NOUN
dem-4207	134	33	models	model	NOUN
dem-4207	134	34	89	89	NUM
dem-4207	134	35	distribution	distribution	NOUN
dem-4207	134	36	for	for	ADP
dem-4207	134	37	the	the	DET
dem-4207	134	38	box	box	NOUN
dem-4207	134	39	-	-	PUNCT
dem-4207	134	40	cox	cox	PROPN
dem-4207	134	41	transformation	transformation	NOUN
dem-4207	134	42	parameter	parameter	NOUN
dem-4207	134	43	.	.	PUNCT
dem-4207	135	1	although	although	SCONJ
dem-4207	135	2	the	the	DET
dem-4207	135	3	prior	prior	ADJ
dem-4207	135	4	mean	mean	NOUN
dem-4207	135	5	is	be	AUX
dem-4207	135	6	equal	equal	ADJ
dem-4207	135	7	to	to	ADP
dem-4207	135	8	1	1	NUM
dem-4207	135	9	,	,	PUNCT
dem-4207	135	10	for	for	ADP
dem-4207	135	11	all	all	DET
dem-4207	135	12	series	series	NOUN
dem-4207	135	13	the	the	DET
dem-4207	135	14	posterior	posterior	ADJ
dem-4207	135	15	mean	mean	VERB
dem-4207	135	16	is	be	AUX
dem-4207	135	17	less	less	ADJ
dem-4207	135	18	than	than	ADP
dem-4207	135	19	1	1	NUM
dem-4207	135	20	.	.	PUNCT
dem-4207	136	1	finally	finally	ADV
dem-4207	136	2	,	,	PUNCT
dem-4207	136	3	in	in	ADP
dem-4207	136	4	table	table	NOUN
dem-4207	136	5	6	6	NUM
dem-4207	136	6	we	we	PRON
dem-4207	136	7	present	present	VERB
dem-4207	136	8	the	the	DET
dem-4207	136	9	results	result	NOUN
dem-4207	136	10	of	of	ADP
dem-4207	136	11	the	the	DET
dem-4207	136	12	formal	formal	ADJ
dem-4207	136	13	bayesian	bayesian	NOUN
dem-4207	136	14	model	model	NOUN
dem-4207	136	15	comparison	comparison	NOUN
dem-4207	136	16	.	.	PUNCT
dem-4207	137	1	we	we	PRON
dem-4207	137	2	consider	consider	VERB
dem-4207	137	3	three	three	NUM
dem-4207	137	4	ar(1)-fcsv	ar(1)-fcsv	ADJ
dem-4207	137	5	models	model	NOUN
dem-4207	137	6	:	:	PUNCT
dem-4207	137	7	with	with	ADP
dem-4207	137	8	,	,	PUNCT
dem-4207	137	9	respectively	respectively	ADV
dem-4207	137	10	,	,	PUNCT
dem-4207	137	11	λ	λ	PROPN
dem-4207	137	12	=	=	SYM
dem-4207	137	13	0	0	NUM
dem-4207	137	14	(	(	PUNCT
dem-4207	137	15	m1	m1	NOUN
dem-4207	137	16	)	)	PUNCT
dem-4207	137	17	,	,	PUNCT
dem-4207	137	18	λ	λ	X
dem-4207	137	19	=	=	SYM
dem-4207	137	20	1	1	NUM
dem-4207	137	21	(	(	PUNCT
dem-4207	137	22	m2	m2	PROPN
dem-4207	137	23	)	)	PUNCT
dem-4207	137	24	,	,	PUNCT
dem-4207	137	25	and	and	CCONJ
dem-4207	137	26	λ	λ	X
dem-4207	137	27	~	~	PUNCT
dem-4207	137	28	u(0	u(0	PROPN
dem-4207	137	29	,	,	PUNCT
dem-4207	137	30	1	1	NUM
dem-4207	137	31	)	)	PUNCT
dem-4207	137	32	(	(	PUNCT
dem-4207	137	33	m3	m3	PROPN
dem-4207	137	34	)	)	PUNCT
dem-4207	137	35	.	.	PUNCT
dem-4207	138	1	if	if	SCONJ
dem-4207	138	2	λ	λ	X
dem-4207	138	3	=	=	SYM
dem-4207	138	4	1	1	NUM
dem-4207	138	5	,	,	PUNCT
dem-4207	138	6	the	the	DET
dem-4207	138	7	relation	relation	NOUN
dem-4207	138	8	(	(	PUNCT
dem-4207	138	9	1	1	X
dem-4207	138	10	)	)	PUNCT
dem-4207	138	11	is	be	AUX
dem-4207	138	12	linear	linear	ADJ
dem-4207	138	13	in	in	ADP
dem-4207	138	14	the	the	DET
dem-4207	138	15	simple	simple	ADJ
dem-4207	138	16	returns	return	NOUN
dem-4207	138	17	.	.	PUNCT
dem-4207	139	1	if	if	SCONJ
dem-4207	139	2	λ	λ	X
dem-4207	139	3	=	=	SYM
dem-4207	139	4	0	0	NUM
dem-4207	139	5	,	,	PUNCT
dem-4207	139	6	it	it	PRON
dem-4207	139	7	is	be	AUX
dem-4207	139	8	linear	linear	ADJ
dem-4207	139	9	in	in	ADP
dem-4207	139	10	the	the	DET
dem-4207	139	11	logarithmic	logarithmic	ADJ
dem-4207	139	12	returns	return	NOUN
dem-4207	139	13	.	.	PUNCT
dem-4207	140	1	to	to	PART
dem-4207	140	2	obtain	obtain	VERB
dem-4207	140	3	the	the	DET
dem-4207	140	4	marginal	marginal	ADJ
dem-4207	140	5	data	datum	NOUN
dem-4207	140	6	densities	density	NOUN
dem-4207	140	7	we	we	PRON
dem-4207	140	8	use	use	VERB
dem-4207	140	9	the	the	DET
dem-4207	140	10	newton	newton	PROPN
dem-4207	140	11	and	and	CCONJ
dem-4207	140	12	raftery	raftery	PROPN
dem-4207	140	13	method	method	NOUN
dem-4207	140	14	(	(	PUNCT
dem-4207	140	15	see	see	VERB
dem-4207	140	16	newton	newton	PROPN
dem-4207	140	17	and	and	CCONJ
dem-4207	140	18	raftery	raftery	NOUN
dem-4207	140	19	1994	1994	NUM
dem-4207	140	20	)	)	PUNCT
dem-4207	140	21	.	.	PUNCT
dem-4207	141	1	the	the	DET
dem-4207	141	2	newton	newton	PROPN
dem-4207	141	3	and	and	CCONJ
dem-4207	141	4	raftery	raftery	PROPN
dem-4207	141	5	estimator	estimator	NOUN
dem-4207	141	6	is	be	AUX
dem-4207	141	7	quite	quite	ADV
dem-4207	141	8	stable	stable	ADJ
dem-4207	141	9	for	for	ADP
dem-4207	141	10	all	all	DET
dem-4207	141	11	our	our	PRON
dem-4207	141	12	models	model	NOUN
dem-4207	141	13	.	.	PUNCT
dem-4207	142	1	the	the	DET
dem-4207	142	2	drawback	drawback	NOUN
dem-4207	142	3	of	of	ADP
dem-4207	142	4	this	this	DET
dem-4207	142	5	method	method	NOUN
dem-4207	142	6	in	in	ADP
dem-4207	142	7	the	the	DET
dem-4207	142	8	fcsv	fcsv	ADJ
dem-4207	142	9	models	model	NOUN
dem-4207	142	10	is	be	AUX
dem-4207	142	11	that	that	SCONJ
dem-4207	142	12	the	the	DET
dem-4207	142	13	models	model	NOUN
dem-4207	142	14	differ	differ	VERB
dem-4207	142	15	from	from	ADP
dem-4207	142	16	one	one	NUM
dem-4207	142	17	another	another	DET
dem-4207	142	18	by	by	ADP
dem-4207	142	19	quite	quite	DET
dem-4207	142	20	a	a	DET
dem-4207	142	21	few	few	ADJ
dem-4207	142	22	orders	order	NOUN
dem-4207	142	23	of	of	ADP
dem-4207	142	24	magnitude	magnitude	NOUN
dem-4207	142	25	.	.	PUNCT
dem-4207	143	1	for	for	ADP
dem-4207	143	2	all	all	DET
dem-4207	143	3	series	series	NOUN
dem-4207	143	4	,	,	PUNCT
dem-4207	143	5	assuming	assume	VERB
dem-4207	143	6	equal	equal	ADJ
dem-4207	143	7	prior	prior	ADJ
dem-4207	143	8	model	model	NOUN
dem-4207	143	9	probabilities	probability	NOUN
dem-4207	143	10	,	,	PUNCT
dem-4207	143	11	the	the	DET
dem-4207	143	12	ar(1)-fcsv	ar(1)-fcsv	PROPN
dem-4207	143	13	model	model	NOUN
dem-4207	143	14	with	with	ADP
dem-4207	143	15	λ	λ	PROPN
dem-4207	143	16	=	=	SYM
dem-4207	143	17	0	0	PUNCT
dem-4207	143	18	(	(	PUNCT
dem-4207	143	19	log	log	NOUN
dem-4207	143	20	-	-	PUNCT
dem-4207	143	21	returns	return	NOUN
dem-4207	143	22	)	)	PUNCT
dem-4207	143	23	is	be	AUX
dem-4207	143	24	more	more	ADV
dem-4207	143	25	probable	probable	ADJ
dem-4207	143	26	a	a	DET
dem-4207	143	27	posterior	posterior	NOUN
dem-4207	143	28	than	than	ADP
dem-4207	143	29	with	with	ADP
dem-4207	143	30	λ	λ	PROPN
dem-4207	143	31	=	=	SYM
dem-4207	143	32	1	1	NUM
dem-4207	143	33	(	(	PUNCT
dem-4207	143	34	simple	simple	ADJ
dem-4207	143	35	returns	return	NOUN
dem-4207	143	36	)	)	PUNCT
dem-4207	143	37	.	.	PUNCT
dem-4207	144	1	only	only	ADV
dem-4207	144	2	for	for	ADP
dem-4207	144	3	the	the	DET
dem-4207	144	4	djia	djia	PROPN
dem-4207	144	5	index	index	PROPN
dem-4207	144	6	,	,	PUNCT
dem-4207	144	7	the	the	DET
dem-4207	144	8	ar(1)-fcsv	ar(1)-fcsv	PROPN
dem-4207	144	9	model	model	NOUN
dem-4207	144	10	with	with	ADP
dem-4207	144	11	the	the	DET
dem-4207	144	12	uniform	uniform	ADJ
dem-4207	144	13	prior	prior	ADJ
dem-4207	144	14	distribution	distribution	NOUN
dem-4207	144	15	of	of	ADP
dem-4207	144	16	λ	λ	PROPN
dem-4207	144	17	is	be	AUX
dem-4207	144	18	quite	quite	DET
dem-4207	144	19	a	a	DET
dem-4207	144	20	few	few	ADJ
dem-4207	144	21	orders	order	NOUN
dem-4207	144	22	of	of	ADP
dem-4207	144	23	magnitude	magnitude	NOUN
dem-4207	144	24	better	well	ADJ
dem-4207	144	25	than	than	ADP
dem-4207	144	26	that	that	PRON
dem-4207	144	27	with	with	ADP
dem-4207	144	28	λ	λ	PROPN
dem-4207	144	29	=	=	SYM
dem-4207	144	30	0	0	PROPN
dem-4207	144	31	.	.	PUNCT
dem-4207	144	32	table	table	NOUN
dem-4207	144	33	6	6	NUM
dem-4207	144	34	.	.	PUNCT
dem-4207	144	35	posterior	posterior	ADJ
dem-4207	144	36	probabilities	probability	NOUN
dem-4207	144	37	(	(	PUNCT
dem-4207	144	38	under	under	ADP
dem-4207	144	39	equal	equal	ADJ
dem-4207	144	40	prior	prior	ADJ
dem-4207	144	41	model	model	NOUN
dem-4207	144	42	probabilities	probability	NOUN
dem-4207	144	43	)	)	PUNCT
dem-4207	144	44	and	and	CCONJ
dem-4207	144	45	marginal	marginal	ADJ
dem-4207	144	46	data	datum	NOUN
dem-4207	144	47	densities	density	NOUN
dem-4207	144	48	of	of	ADP
dem-4207	144	49	the	the	DET
dem-4207	144	50	observation	observation	NOUN
dem-4207	144	51	vector	vector	NOUN
dem-4207	144	52	y	y	PROPN
dem-4207	144	53	in	in	ADP
dem-4207	144	54	mi	mi	PROPN
dem-4207	144	55	model	model	NOUN
dem-4207	144	56	(	(	PUNCT
dem-4207	144	57	based	base	VERB
dem-4207	144	58	on	on	ADP
dem-4207	144	59	the	the	DET
dem-4207	144	60	newton	newton	PROPN
dem-4207	144	61	–	–	PUNCT
dem-4207	144	62	raftery	raftery	NOUN
dem-4207	144	63	method	method	NOUN
dem-4207	144	64	)	)	PUNCT
dem-4207	144	65	index	index	NOUN
dem-4207	144	66	m1	m1	NOUN
dem-4207	144	67	:	:	PUNCT
dem-4207	145	1	λ	λ	X
dem-4207	145	2	=	=	SYM
dem-4207	145	3	0	0	NUM
dem-4207	145	4	m2	m2	PROPN
dem-4207	145	5	:	:	PUNCT
dem-4207	145	6	λ	λ	X
dem-4207	145	7	=	=	SYM
dem-4207	145	8	1	1	NUM
dem-4207	145	9	m3	m3	PROPN
dem-4207	145	10	:	:	PUNCT
dem-4207	145	11	0	0	PUNCT
dem-4207	145	12	<	<	X
dem-4207	145	13	λ	λ	X
dem-4207	145	14	<	<	X
dem-4207	145	15	1	1	NUM
dem-4207	145	16	*	*	NOUN
dem-4207	145	17	p(y|m1	p(y|m1	NOUN
dem-4207	145	18	)	)	PUNCT
dem-4207	145	19	p(y|m2	p(y|m2	PROPN
dem-4207	145	20	)	)	PUNCT
dem-4207	145	21	p(y|m3	p(y|m3	NOUN
dem-4207	145	22	)	)	PUNCT
dem-4207	145	23	*	*	PUNCT
dem-4207	145	24	wig	wig	NOUN
dem-4207	145	25	20	20	NUM
dem-4207	145	26	0.9754	0.9754	NUM
dem-4207	145	27	0.0000	0.0000	NUM
dem-4207	145	28	0.0246	0.0246	NUM
dem-4207	145	29	2.4⋅10	2.4⋅10	NUM
dem-4207	145	30	-	-	SYM
dem-4207	145	31	170	170	NUM
dem-4207	145	32	1.8⋅10	1.8⋅10	NUM
dem-4207	145	33	-	-	NUM
dem-4207	145	34	176	176	NUM
dem-4207	145	35	6.0⋅10	6.0⋅10	NUM
dem-4207	145	36	-	-	SYM
dem-4207	145	37	172	172	NUM
dem-4207	145	38	s&p	s&p	PROPN
dem-4207	145	39	500	500	NUM
dem-4207	145	40	0.9995	0.9995	NUM
dem-4207	145	41	0.0000	0.0000	NUM
dem-4207	145	42	0.0005	0.0005	NUM
dem-4207	145	43	2.8⋅10	2.8⋅10	NOUN
dem-4207	145	44	-	-	SYM
dem-4207	145	45	176	176	NUM
dem-4207	145	46	2.0⋅10	2.0⋅10	NUM
dem-4207	145	47	-	-	SYM
dem-4207	145	48	186	186	NUM
dem-4207	145	49	1.4⋅10	1.4⋅10	NUM
dem-4207	145	50	-	-	SYM
dem-4207	145	51	179	179	NUM
dem-4207	145	52	nikkei	nikkei	NOUN
dem-4207	145	53	225	225	NUM
dem-4207	145	54	0.9997	0.9997	NUM
dem-4207	145	55	0.0000	0.0000	NUM
dem-4207	145	56	0.0003	0.0003	NUM
dem-4207	145	57	1.5⋅10	1.5⋅10	NUM
dem-4207	145	58	-	-	SYM
dem-4207	145	59	188	188	NUM
dem-4207	145	60	7.5⋅10	7.5⋅10	NUM
dem-4207	145	61	-	-	SYM
dem-4207	145	62	196	196	NUM
dem-4207	145	63	4.2⋅10	4.2⋅10	NUM
dem-4207	145	64	-	-	SYM
dem-4207	145	65	192	192	NUM
dem-4207	145	66	ftst	ftst	NOUN
dem-4207	145	67	100	100	NUM
dem-4207	145	68	0.9931	0.9931	NUM
dem-4207	145	69	0.0069	0.0069	NUM
dem-4207	145	70	0.0000	0.0000	NUM
dem-4207	145	71	4.1⋅10	4.1⋅10	NOUN
dem-4207	145	72	-	-	SYM
dem-4207	145	73	161	161	NUM
dem-4207	145	74	2.8⋅10	2.8⋅10	NUM
dem-4207	145	75	-	-	SYM
dem-4207	145	76	163	163	NUM
dem-4207	145	77	4.3⋅10	4.3⋅10	NUM
dem-4207	145	78	-	-	SYM
dem-4207	145	79	177	177	NUM
dem-4207	145	80	dax	dax	NOUN
dem-4207	145	81	1.0000	1.0000	NUM
dem-4207	145	82	0.0000	0.0000	NUM
dem-4207	145	83	0.0000	0.0000	NUM
dem-4207	145	84	3.4⋅10	3.4⋅10	NUM
dem-4207	145	85	-	-	SYM
dem-4207	145	86	122	122	NUM
dem-4207	145	87	2.4⋅10	2.4⋅10	NUM
dem-4207	145	88	-	-	SYM
dem-4207	145	89	141	141	NUM
dem-4207	145	90	1.3⋅10	1.3⋅10	NUM
dem-4207	145	91	-	-	SYM
dem-4207	145	92	129	129	NUM
dem-4207	145	93	nasdaq	nasdaq	NOUN
dem-4207	145	94	100	100	NUM
dem-4207	145	95	1.0000	1.0000	NUM
dem-4207	145	96	0.0000	0.0000	NUM
dem-4207	145	97	0.0000	0.0000	NUM
dem-4207	145	98	9.3⋅10	9.3⋅10	NUM
dem-4207	145	99	-	-	SYM
dem-4207	145	100	103	103	NUM
dem-4207	145	101	1.6⋅10	1.6⋅10	NUM
dem-4207	145	102	-	-	SYM
dem-4207	145	103	108	108	NUM
dem-4207	145	104	1.7⋅10	1.7⋅10	NUM
dem-4207	145	105	-	-	SYM
dem-4207	145	106	113	113	NUM
dem-4207	145	107	cac	cac	PROPN
dem-4207	145	108	40	40	NUM
dem-4207	145	109	1.0000	1.0000	NUM
dem-4207	145	110	0.0000	0.0000	NUM
dem-4207	145	111	0.0000	0.0000	NUM
dem-4207	145	112	5.5⋅10	5.5⋅10	NUM
dem-4207	145	113	-	-	SYM
dem-4207	145	114	192	192	NUM
dem-4207	145	115	2.4⋅10	2.4⋅10	NUM
dem-4207	145	116	-	-	SYM
dem-4207	145	117	202	202	NUM
dem-4207	145	118	3.3⋅10	3.3⋅10	NUM
dem-4207	145	119	-	-	SYM
dem-4207	145	120	197	197	NUM
dem-4207	145	121	sptse	sptse	NOUN
dem-4207	145	122	60	60	NUM
dem-4207	145	123	1.0000	1.0000	NUM
dem-4207	145	124	0.0000	0.0000	NUM
dem-4207	145	125	0.0000	0.0000	NUM
dem-4207	145	126	3.3⋅10	3.3⋅10	NOUN
dem-4207	145	127	-	-	SYM
dem-4207	145	128	45	45	NUM
dem-4207	145	129	2.5⋅10	2.5⋅10	NUM
dem-4207	145	130	-	-	SYM
dem-4207	145	131	53	53	NUM
dem-4207	145	132	1.1⋅10	1.1⋅10	NUM
dem-4207	145	133	-	-	SYM
dem-4207	145	134	55	55	NUM
dem-4207	145	135	hang	hang	NOUN
dem-4207	145	136	seng	seng	PROPN
dem-4207	145	137	1.0000	1.0000	NUM
dem-4207	145	138	0.0000	0.0000	NUM
dem-4207	145	139	0.0000	0.0000	NUM
dem-4207	145	140	3.3⋅10	3.3⋅10	NOUN
dem-4207	145	141	-	-	SYM
dem-4207	145	142	50	50	NUM
dem-4207	145	143	5.2⋅10	5.2⋅10	NUM
dem-4207	145	144	-	-	SYM
dem-4207	145	145	55	55	NUM
dem-4207	145	146	2.9⋅10	2.9⋅10	NUM
dem-4207	145	147	-	-	SYM
dem-4207	145	148	55	55	NUM
dem-4207	145	149	djia	djia	NOUN
dem-4207	145	150	0.0000	0.0000	NUM
dem-4207	145	151	0.0000	0.0000	NUM
dem-4207	145	152	1.0000	1.0000	NUM
dem-4207	145	153	2.3⋅10	2.3⋅10	NUM
dem-4207	145	154	-	-	SYM
dem-4207	145	155	202	202	NUM
dem-4207	145	156	7.8⋅10	7.8⋅10	PROPN
dem-4207	145	157	-	-	NUM
dem-4207	145	158	204	204	NUM
dem-4207	145	159	2.6⋅10	2.6⋅10	NUM
dem-4207	145	160	-	-	SYM
dem-4207	145	161	195	195	NUM
dem-4207	145	162	note	note	NOUN
dem-4207	145	163	:	:	PUNCT
dem-4207	145	164	*	*	PUNCT
dem-4207	145	165	the	the	DET
dem-4207	145	166	results	result	NOUN
dem-4207	145	167	are	be	AUX
dem-4207	145	168	obtained	obtain	VERB
dem-4207	145	169	in	in	ADP
dem-4207	145	170	the	the	DET
dem-4207	145	171	ar(1)-fcsv	ar(1)-fcsv	PROPN
dem-4207	145	172	model	model	NOUN
dem-4207	145	173	with	with	ADP
dem-4207	145	174	the	the	DET
dem-4207	145	175	uniform	uniform	NOUN
dem-4207	145	176	prior	prior	ADV
dem-4207	145	177	for	for	ADP
dem-4207	145	178	λ	λ	PROPN
dem-4207	145	179	on	on	ADP
dem-4207	145	180	the	the	DET
dem-4207	145	181	interval	interval	NOUN
dem-4207	145	182	(	(	PUNCT
dem-4207	145	183	0	0	NUM
dem-4207	145	184	,	,	PUNCT
dem-4207	145	185	1	1	NUM
dem-4207	145	186	)	)	PUNCT
dem-4207	145	187	.	.	PUNCT
dem-4207	146	1	4	4	X
dem-4207	146	2	.	.	X
dem-4207	146	3	conclusions	conclusion	NOUN
dem-4207	146	4	the	the	DET
dem-4207	146	5	paper	paper	NOUN
dem-4207	146	6	presents	present	VERB
dem-4207	146	7	the	the	DET
dem-4207	146	8	stochastic	stochastic	ADJ
dem-4207	146	9	volatility	volatility	NOUN
dem-4207	146	10	models	model	NOUN
dem-4207	146	11	with	with	ADP
dem-4207	146	12	the	the	DET
dem-4207	146	13	box	box	NOUN
dem-4207	146	14	-	-	PUNCT
dem-4207	146	15	cox	cox	PROPN
dem-4207	146	16	transformation	transformation	NOUN
dem-4207	146	17	of	of	ADP
dem-4207	146	18	financial	financial	ADJ
dem-4207	146	19	time	time	NOUN
dem-4207	146	20	series	series	NOUN
dem-4207	146	21	.	.	PUNCT
dem-4207	147	1	the	the	DET
dem-4207	147	2	widely	widely	ADV
dem-4207	147	3	used	use	VERB
dem-4207	147	4	logarithmic	logarithmic	ADJ
dem-4207	147	5	and	and	CCONJ
dem-4207	147	6	simple	simple	ADJ
dem-4207	147	7	returns	return	NOUN
dem-4207	147	8	are	be	AUX
dem-4207	147	9	nested	nest	VERB
dem-4207	147	10	into	into	ADP
dem-4207	147	11	the	the	DET
dem-4207	147	12	box	box	NOUN
dem-4207	147	13	-	-	PUNCT
dem-4207	147	14	cox	cox	PROPN
dem-4207	147	15	transformation	transformation	NOUN
dem-4207	147	16	by	by	ADP
dem-4207	147	17	setting	set	VERB
dem-4207	147	18	λ	λ	PROPN
dem-4207	147	19	=	=	SYM
dem-4207	147	20	0	0	NUM
dem-4207	147	21	and	and	CCONJ
dem-4207	147	22	λ	λ	X
dem-4207	147	23	=	=	NOUN
dem-4207	147	24	1	1	NUM
dem-4207	147	25	,	,	PUNCT
dem-4207	147	26	respectively	respectively	ADV
dem-4207	147	27	.	.	PUNCT
dem-4207	148	1	using	use	VERB
dem-4207	148	2	daily	daily	ADJ
dem-4207	148	3	data	datum	NOUN
dem-4207	148	4	,	,	PUNCT
dem-4207	148	5	we	we	PRON
dem-4207	148	6	show	show	VERB
dem-4207	148	7	that	that	SCONJ
dem-4207	148	8	in	in	ADP
dem-4207	148	9	the	the	DET
dem-4207	148	10	stochastic	stochastic	ADJ
dem-4207	148	11	volatility	volatility	NOUN
dem-4207	148	12	model	model	NOUN
dem-4207	148	13	with	with	ADP
dem-4207	148	14	fat	fat	ADJ
dem-4207	148	15	tails	tail	NOUN
dem-4207	148	16	and	and	CCONJ
dem-4207	148	17	correlated	correlate	VERB
dem-4207	148	18	errors	error	NOUN
dem-4207	148	19	,	,	PUNCT
dem-4207	148	20	the	the	DET
dem-4207	148	21	posterior	posterior	ADJ
dem-4207	148	22	distribution	distribution	NOUN
dem-4207	148	23	of	of	ADP
dem-4207	148	24	the	the	DET
dem-4207	148	25	box	box	NOUN
dem-4207	148	26	-	-	PUNCT
dem-4207	148	27	cox	cox	PROPN
dem-4207	148	28	transformation	transformation	NOUN
dem-4207	148	29	parameter	parameter	PROPN
dem-4207	148	30	strongly	strongly	ADV
dem-4207	148	31	depends	depend	VERB
dem-4207	148	32	on	on	ADP
dem-4207	148	33	the	the	DET
dem-4207	148	34	prior	prior	ADJ
dem-4207	148	35	assumption	assumption	NOUN
dem-4207	148	36	about	about	ADP
dem-4207	148	37	this	this	DET
dem-4207	148	38	parameter	parameter	NOUN
dem-4207	148	39	.	.	PUNCT
dem-4207	149	1	our	our	PRON
dem-4207	149	2	empirical	empirical	ADJ
dem-4207	149	3	results	result	NOUN
dem-4207	149	4	show	show	VERB
dem-4207	149	5	that	that	SCONJ
dem-4207	149	6	in	in	ADP
dem-4207	149	7	the	the	DET
dem-4207	149	8	majority	majority	NOUN
dem-4207	149	9	of	of	ADP
dem-4207	149	10	cases	case	NOUN
dem-4207	149	11	the	the	DET
dem-4207	149	12	values	value	NOUN
dem-4207	149	13	of	of	ADP
dem-4207	149	14	anna	anna	PROPN
dem-4207	149	15	pajor	pajor	PROPN
dem-4207	149	16	90	90	NUM
dem-4207	149	17	λ	λ	NOUN
dem-4207	149	18	close	close	ADJ
dem-4207	149	19	to	to	ADP
dem-4207	149	20	0	0	NUM
dem-4207	149	21	are	be	AUX
dem-4207	149	22	more	more	ADV
dem-4207	149	23	probable	probable	ADJ
dem-4207	149	24	a	a	DET
dem-4207	149	25	posteriori	posteriori	NOUN
dem-4207	149	26	than	than	ADP
dem-4207	149	27	the	the	DET
dem-4207	149	28	ones	one	NOUN
dem-4207	149	29	close	close	ADJ
dem-4207	149	30	to	to	ADP
dem-4207	149	31	1	1	NUM
dem-4207	149	32	.	.	PUNCT
dem-4207	150	1	the	the	DET
dem-4207	150	2	formal	formal	ADJ
dem-4207	150	3	bayesian	bayesian	NOUN
dem-4207	150	4	model	model	NOUN
dem-4207	150	5	comparison	comparison	NOUN
dem-4207	150	6	indicates	indicate	VERB
dem-4207	150	7	that	that	SCONJ
dem-4207	150	8	the	the	DET
dem-4207	150	9	box	box	PROPN
dem-4207	150	10	-	-	PUNCT
dem-4207	150	11	cox	cox	PROPN
dem-4207	150	12	transformation	transformation	NOUN
dem-4207	150	13	with	with	ADP
dem-4207	150	14	λ	λ	PROPN
dem-4207	150	15	=	=	SYM
dem-4207	150	16	0	0	PUNCT
dem-4207	150	17	(	(	PUNCT
dem-4207	150	18	log	log	NOUN
dem-4207	150	19	-	-	PUNCT
dem-4207	150	20	return	return	NOUN
dem-4207	150	21	)	)	PUNCT
dem-4207	150	22	is	be	AUX
dem-4207	150	23	preferred	prefer	VERB
dem-4207	150	24	by	by	ADP
dem-4207	150	25	the	the	DET
dem-4207	150	26	data	datum	NOUN
dem-4207	150	27	in	in	ADP
dem-4207	150	28	the	the	DET
dem-4207	150	29	fcsv	fcsv	PROPN
dem-4207	150	30	model	model	NOUN
dem-4207	150	31	.	.	PUNCT
dem-4207	151	1	however	however	ADV
dem-4207	151	2	,	,	PUNCT
dem-4207	151	3	the	the	DET
dem-4207	151	4	posterior	posterior	ADJ
dem-4207	151	5	distributions	distribution	NOUN
dem-4207	151	6	of	of	ADP
dem-4207	151	7	λ	λ	PROPN
dem-4207	151	8	show	show	VERB
dem-4207	151	9	that	that	SCONJ
dem-4207	151	10	the	the	DET
dem-4207	151	11	simple	simple	ADJ
dem-4207	151	12	returns	return	NOUN
dem-4207	151	13	are	be	AUX
dem-4207	151	14	not	not	PART
dem-4207	151	15	completely	completely	ADV
dem-4207	151	16	inappropriate	inappropriate	ADJ
dem-4207	151	17	.	.	PUNCT
dem-4207	152	1	references	reference	NOUN
dem-4207	152	2	bauwens	bauwen	NOUN
dem-4207	152	3	,	,	PUNCT
dem-4207	152	4	l.	l.	PROPN
dem-4207	152	5	,	,	PUNCT
dem-4207	152	6	lubrano	lubrano	PROPN
dem-4207	152	7	,	,	PUNCT
dem-4207	152	8	m.	m.	NOUN
dem-4207	152	9	(	(	PUNCT
dem-4207	152	10	2002	2002	NUM
dem-4207	152	11	)	)	PUNCT
dem-4207	152	12	,	,	PUNCT
dem-4207	152	13	bayesian	bayesian	NOUN
dem-4207	152	14	option	option	NOUN
dem-4207	152	15	pricing	pricing	NOUN
dem-4207	152	16	using	use	VERB
dem-4207	152	17	asymmetric	asymmetric	ADJ
dem-4207	152	18	garch	garch	NOUN
dem-4207	152	19	models	model	NOUN
dem-4207	152	20	,	,	PUNCT
dem-4207	152	21	journal	journal	NOUN
dem-4207	152	22	of	of	ADP
dem-4207	152	23	empirical	empirical	ADJ
dem-4207	152	24	finance	finance	NOUN
dem-4207	152	25	,	,	PUNCT
dem-4207	152	26	9	9	NUM
dem-4207	152	27	,	,	PUNCT
dem-4207	152	28	321–342	321–342	NUM
dem-4207	152	29	.	.	PUNCT
dem-4207	153	1	campbell	campbell	PROPN
dem-4207	153	2	,	,	PUNCT
dem-4207	153	3	j.y	j.y	PROPN
dem-4207	153	4	.	.	PROPN
dem-4207	153	5	,	,	PUNCT
dem-4207	153	6	lo	lo	PROPN
dem-4207	153	7	,	,	PUNCT
dem-4207	153	8	a.w	a.w	PROPN
dem-4207	153	9	.	.	PROPN
dem-4207	153	10	,	,	PUNCT
dem-4207	153	11	mackinlay	mackinlay	PROPN
dem-4207	153	12	,	,	PUNCT
dem-4207	153	13	a.c	a.c	PROPN
dem-4207	153	14	.	.	PROPN
dem-4207	153	15	(	(	PUNCT
dem-4207	153	16	1997	1997	NUM
dem-4207	153	17	)	)	PUNCT
dem-4207	153	18	,	,	PUNCT
dem-4207	153	19	the	the	DET
dem-4207	153	20	econometrics	econometrics	NOUN
dem-4207	153	21	of	of	ADP
dem-4207	153	22	financial	financial	ADJ
dem-4207	153	23	markets	market	NOUN
dem-4207	153	24	,	,	PUNCT
dem-4207	153	25	princeton	princeton	PROPN
dem-4207	153	26	university	university	PROPN
dem-4207	153	27	press	press	NOUN
dem-4207	153	28	,	,	PUNCT
dem-4207	153	29	chichester	chichester	PROPN
dem-4207	153	30	1997	1997	NUM
dem-4207	153	31	.	.	PUNCT
dem-4207	154	1	clark	clark	PROPN
dem-4207	154	2	,	,	PUNCT
dem-4207	154	3	p.k	p.k	PROPN
dem-4207	154	4	.	.	PROPN
dem-4207	154	5	(	(	PUNCT
dem-4207	154	6	1973	1973	NUM
dem-4207	154	7	)	)	PUNCT
dem-4207	154	8	a	a	DET
dem-4207	154	9	subordinated	subordinated	ADJ
dem-4207	154	10	stochastic	stochastic	ADJ
dem-4207	154	11	process	process	NOUN
dem-4207	154	12	model	model	NOUN
dem-4207	154	13	with	with	ADP
dem-4207	154	14	finite	finite	ADJ
dem-4207	154	15	variance	variance	NOUN
dem-4207	154	16	for	for	ADP
dem-4207	154	17	speculative	speculative	ADJ
dem-4207	154	18	prices	price	NOUN
dem-4207	154	19	,	,	PUNCT
dem-4207	154	20	econometrica	econometrica	PROPN
dem-4207	154	21	,	,	PUNCT
dem-4207	154	22	41	41	NUM
dem-4207	154	23	,	,	PUNCT
dem-4207	154	24	135–155	135–155	NUM
dem-4207	154	25	.	.	PUNCT
dem-4207	154	26	duan	duan	PROPN
dem-4207	154	27	,	,	PUNCT
dem-4207	154	28	j.-c	j.-c	PROPN
dem-4207	154	29	.	.	PUNCT
dem-4207	155	1	(	(	PUNCT
dem-4207	155	2	1999	1999	NUM
dem-4207	155	3	)	)	PUNCT
dem-4207	155	4	,	,	PUNCT
dem-4207	155	5	conditionally	conditionally	ADV
dem-4207	155	6	fat	fat	ADJ
dem-4207	155	7	-	-	PUNCT
dem-4207	155	8	tailed	tail	VERB
dem-4207	155	9	distributions	distribution	NOUN
dem-4207	155	10	and	and	CCONJ
dem-4207	155	11	the	the	DET
dem-4207	155	12	volatility	volatility	NOUN
dem-4207	155	13	smile	smile	NOUN
dem-4207	155	14	in	in	ADP
dem-4207	155	15	options	option	NOUN
dem-4207	155	16	,	,	PUNCT
dem-4207	155	17	working	working	NOUN
dem-4207	155	18	paper	paper	NOUN
dem-4207	155	19	,	,	PUNCT
dem-4207	155	20	http://www.bm.ust.hk/~jeduan	http://www.bm.ust.hk/~jeduan	PROPN
dem-4207	155	21	.	.	PUNCT
dem-4207	156	1	hafner	hafner	PROPN
dem-4207	156	2	,	,	PUNCT
dem-4207	156	3	c.m	c.m	PROPN
dem-4207	156	4	.	.	PROPN
dem-4207	156	5	,	,	PUNCT
dem-4207	156	6	harwartz	harwartz	PROPN
dem-4207	156	7	,	,	PUNCT
dem-4207	156	8	h.	h.	PROPN
dem-4207	156	9	(	(	PUNCT
dem-4207	156	10	1999	1999	NUM
dem-4207	156	11	)	)	PUNCT
dem-4207	156	12	,	,	PUNCT
dem-4207	156	13	option	option	NOUN
dem-4207	156	14	pricing	pricing	NOUN
dem-4207	156	15	under	under	ADP
dem-4207	156	16	linear	linear	ADJ
dem-4207	156	17	autoregressive	autoregressive	ADJ
dem-4207	156	18	dynamics	dynamic	NOUN
dem-4207	156	19	,	,	PUNCT
dem-4207	156	20	heteroskedasticity	heteroskedasticity	NOUN
dem-4207	156	21	,	,	PUNCT
dem-4207	156	22	and	and	CCONJ
dem-4207	156	23	conditional	conditional	ADJ
dem-4207	156	24	leptokurtosis	leptokurtosis	NOUN
dem-4207	156	25	,	,	PUNCT
dem-4207	156	26	journal	journal	NOUN
dem-4207	156	27	of	of	ADP
dem-4207	156	28	empirical	empirical	ADJ
dem-4207	156	29	finance	finance	NOUN
dem-4207	156	30	,	,	PUNCT
dem-4207	156	31	8(1	8(1	NOUN
dem-4207	156	32	)	)	PUNCT
dem-4207	156	33	,	,	PUNCT
dem-4207	156	34	1–34	1–34	PROPN
dem-4207	156	35	.	.	PUNCT
dem-4207	156	36	härdle	härdle	PROPN
dem-4207	156	37	,	,	PUNCT
dem-4207	156	38	w.	w.	PROPN
dem-4207	156	39	,	,	PUNCT
dem-4207	156	40	hafner	hafner	PROPN
dem-4207	156	41	,	,	PUNCT
dem-4207	156	42	c.m	c.m	PROPN
dem-4207	156	43	.	.	PROPN
dem-4207	156	44	(	(	PUNCT
dem-4207	156	45	2000	2000	NUM
dem-4207	156	46	)	)	PUNCT
dem-4207	156	47	,	,	PUNCT
dem-4207	156	48	discrete	discrete	ADJ
dem-4207	156	49	time	time	NOUN
dem-4207	156	50	option	option	NOUN
dem-4207	156	51	pricing	pricing	NOUN
dem-4207	156	52	with	with	ADP
dem-4207	156	53	flexible	flexible	ADJ
dem-4207	156	54	volatility	volatility	NOUN
dem-4207	156	55	estimation	estimation	NOUN
dem-4207	156	56	,	,	PUNCT
dem-4207	156	57	finance	finance	NOUN
dem-4207	156	58	and	and	CCONJ
dem-4207	156	59	stochastics	stochastic	NOUN
dem-4207	156	60	,	,	PUNCT
dem-4207	156	61	4(2	4(2	NUM
dem-4207	156	62	)	)	PUNCT
dem-4207	156	63	,	,	PUNCT
dem-4207	156	64	189	189	NUM
dem-4207	156	65	-	-	SYM
dem-4207	156	66	207	207	NUM
dem-4207	156	67	.	.	PUNCT
dem-4207	157	1	jacquier	jacqui	ADJ
dem-4207	157	2	,	,	PUNCT
dem-4207	157	3	e.	e.	PROPN
dem-4207	157	4	,	,	PUNCT
dem-4207	157	5	polson	polson	PROPN
dem-4207	157	6	,	,	PUNCT
dem-4207	157	7	n.	n.	PROPN
dem-4207	157	8	,	,	PUNCT
dem-4207	157	9	rossi	rossi	ADJ
dem-4207	157	10	,	,	PUNCT
dem-4207	157	11	p.	p.	NOUN
dem-4207	157	12	(	(	PUNCT
dem-4207	157	13	2004	2004	NUM
dem-4207	157	14	)	)	PUNCT
dem-4207	157	15	,	,	PUNCT
dem-4207	157	16	bayesian	bayesian	NOUN
dem-4207	157	17	analysis	analysis	NOUN
dem-4207	157	18	of	of	ADP
dem-4207	157	19	stochastic	stochastic	ADJ
dem-4207	157	20	volatility	volatility	NOUN
dem-4207	157	21	models	model	NOUN
dem-4207	157	22	with	with	ADP
dem-4207	157	23	fat	fat	ADJ
dem-4207	157	24	-	-	PUNCT
dem-4207	157	25	tails	tail	NOUN
dem-4207	157	26	and	and	CCONJ
dem-4207	157	27	correlated	correlate	VERB
dem-4207	157	28	errors	error	NOUN
dem-4207	157	29	,	,	PUNCT
dem-4207	157	30	journal	journal	NOUN
dem-4207	157	31	of	of	ADP
dem-4207	157	32	econometrics	econometric	NOUN
dem-4207	157	33	,	,	PUNCT
dem-4207	157	34	122	122	NUM
dem-4207	157	35	,	,	PUNCT
dem-4207	157	36	185–212	185–212	NUM
dem-4207	157	37	.	.	PUNCT
dem-4207	157	38	newton	newton	PROPN
dem-4207	157	39	,	,	PUNCT
dem-4207	157	40	m.a	m.a	PROPN
dem-4207	157	41	.	.	PROPN
dem-4207	157	42	,	,	PUNCT
dem-4207	157	43	raftery	raftery	PROPN
dem-4207	157	44	,	,	PUNCT
dem-4207	157	45	a.e	a.e	PROPN
dem-4207	157	46	.	.	PROPN
dem-4207	157	47	(	(	PUNCT
dem-4207	157	48	1994	1994	NUM
dem-4207	157	49	)	)	PUNCT
dem-4207	157	50	,	,	PUNCT
dem-4207	157	51	approximate	approximate	ADJ
dem-4207	157	52	bayesian	bayesian	NOUN
dem-4207	157	53	inference	inference	NOUN
dem-4207	157	54	by	by	ADP
dem-4207	157	55	the	the	DET
dem-4207	157	56	weighted	weight	VERB
dem-4207	157	57	likelihood	likelihood	NOUN
dem-4207	157	58	bootstrap	bootstrap	NOUN
dem-4207	157	59	(	(	PUNCT
dem-4207	157	60	with	with	ADP
dem-4207	157	61	discussion	discussion	NOUN
dem-4207	157	62	)	)	PUNCT
dem-4207	157	63	,	,	PUNCT
dem-4207	157	64	journal	journal	NOUN
dem-4207	157	65	of	of	ADP
dem-4207	157	66	the	the	DET
dem-4207	157	67	royal	royal	ADJ
dem-4207	157	68	statistical	statistical	ADJ
dem-4207	157	69	society	society	NOUN
dem-4207	157	70	b	b	PROPN
dem-4207	157	71	56	56	NUM
dem-4207	157	72	,	,	PUNCT
dem-4207	157	73	3–48	3–48	PROPN
dem-4207	157	74	.	.	PUNCT
dem-4207	158	1	pajor	pajor	PROPN
dem-4207	158	2	,	,	PUNCT
dem-4207	158	3	a.	a.	NOUN
dem-4207	158	4	(	(	PUNCT
dem-4207	158	5	2003	2003	NUM
dem-4207	158	6	)	)	PUNCT
dem-4207	158	7	,	,	PUNCT
dem-4207	158	8	procesy	procesy	PROPN
dem-4207	158	9	zmienności	zmienności	PROPN
dem-4207	158	10	stochastycznej	stochastycznej	PROPN
dem-4207	158	11	sv	sv	PROPN
dem-4207	158	12	w	w	PROPN
dem-4207	158	13	bayesowskiej	bayesowskiej	PROPN
dem-4207	158	14	analizie	analizie	PROPN
dem-4207	158	15	finansowych	finansowych	PROPN
dem-4207	158	16	szeregów	szeregów	PROPN
dem-4207	158	17	czasowych	czasowych	PROPN
dem-4207	158	18	,	,	PUNCT
dem-4207	158	19	czasowych	czasowych	PROPN
dem-4207	158	20	(	(	PUNCT
dem-4207	158	21	stochastic	stochastic	ADJ
dem-4207	158	22	volatility	volatility	NOUN
dem-4207	158	23	processes	process	NOUN
dem-4207	158	24	in	in	ADP
dem-4207	158	25	bayesian	bayesian	NOUN
dem-4207	158	26	analysis	analysis	NOUN
dem-4207	158	27	of	of	ADP
dem-4207	158	28	financial	financial	ADJ
dem-4207	158	29	time	time	NOUN
dem-4207	158	30	series	series	PROPN
dem-4207	158	31	)	)	PUNCT
dem-4207	158	32	,	,	PUNCT
dem-4207	158	33	doctoral	doctoral	ADJ
dem-4207	158	34	dissertation	dissertation	NOUN
dem-4207	158	35	published	publish	VERB
dem-4207	158	36	by	by	ADP
dem-4207	158	37	cracow	cracow	PROPN
dem-4207	158	38	university	university	PROPN
dem-4207	158	39	of	of	ADP
dem-4207	158	40	economics	economics	PROPN
dem-4207	158	41	,	,	PUNCT
dem-4207	158	42	kraków	kraków	PROPN
dem-4207	158	43	.	.	PUNCT
dem-4207	159	1	zellner	zellner	NOUN
dem-4207	159	2	,	,	PUNCT
dem-4207	159	3	a.	a.	NOUN
dem-4207	159	4	(	(	PUNCT
dem-4207	159	5	1971	1971	NUM
dem-4207	159	6	)	)	PUNCT
dem-4207	159	7	,	,	PUNCT
dem-4207	159	8	an	an	DET
dem-4207	159	9	introduction	introduction	NOUN
dem-4207	159	10	to	to	ADP
dem-4207	159	11	bayesian	bayesian	NOUN
dem-4207	159	12	inference	inference	NOUN
dem-4207	159	13	in	in	ADP
dem-4207	159	14	econometrics	econometric	NOUN
dem-4207	159	15	,	,	PUNCT
dem-4207	159	16	j.	j.	PROPN
dem-4207	159	17	wiley	wiley	PROPN
dem-4207	159	18	,	,	PUNCT
dem-4207	159	19	new	new	PROPN
dem-4207	159	20	york	york	PROPN
dem-4207	159	21	.	.	PUNCT
dem-4207	160	1	bayesowska	bayesowska	PROPN
dem-4207	160	2	analiza	analiza	PROPN
dem-4207	160	3	transformacji	transformacji	PROPN
dem-4207	160	4	boxa	boxa	PROPN
dem-4207	160	5	i	i	PRON
dem-4207	160	6	coxa	coxa	VERB
dem-4207	161	1	dla	dla	NOUN
dem-4207	161	2	w	w	PROPN
dem-4207	161	3	modelach	modelach	NOUN
dem-4207	161	4	o	o	PROPN
dem-4207	161	5	zmienności	zmienności	PROPN
dem-4207	161	6	stochastycznej	stochastycznej	PROPN
dem-4207	161	7	z	z	PROPN
dem-4207	161	8	a	a	DET
dem-4207	161	9	r	r	NOUN
dem-4207	161	10	y	y	PROPN
dem-4207	161	11	s	s	PROPN
dem-4207	161	12	t	t	NOUN
dem-4207	161	13	r	r	NOUN
dem-4207	161	14	e	e	PROPN
dem-4207	161	15	ś	ś	PROPN
dem-4207	161	16	c	c	PROPN
dem-4207	161	17	i.	i.	PROPN
dem-4207	161	18	celem	celem	PROPN
dem-4207	162	1	artykułu	artykułu	PROPN
dem-4207	162	2	jest	jest	PROPN
dem-4207	162	3	statystyczna	statystyczna	PROPN
dem-4207	162	4	analiza	analiza	PROPN
dem-4207	162	5	transformacji	transformacji	NOUN
dem-4207	162	6	boxa	boxa	PROPN
dem-4207	162	7	i	i	PRON
dem-4207	162	8	coxa	coxa	PROPN
dem-4207	162	9	ilorazu	ilorazu	PROPN
dem-4207	162	10	cen	cen	PROPN
dem-4207	162	11	instrumentów	instrumentów	PROPN
dem-4207	162	12	finansowych	finansowych	PROPN
dem-4207	162	13	w	w	PROPN
dem-4207	162	14	modelach	modelach	PROPN
dem-4207	162	15	fcsv	fcsv	PROPN
dem-4207	162	16	.	.	PUNCT
dem-4207	163	1	stosowane	stosowane	PROPN
dem-4207	163	2	jest	jest	PROPN
dem-4207	163	3	podejście	podejście	PROPN
dem-4207	163	4	bayesowskie	bayesowskie	PROPN
dem-4207	163	5	,	,	PUNCT
dem-4207	163	6	które	które	PROPN
dem-4207	163	7	pozwala	pozwala	PROPN
dem-4207	163	8	zbadać	zbadać	PROPN
dem-4207	163	9	,	,	PUNCT
dem-4207	163	10	w	w	PROPN
dem-4207	163	11	jakim	jakim	PROPN
dem-4207	163	12	stopniu	stopniu	PROPN
dem-4207	163	13	dane	dane	PROPN
dem-4207	163	14	modyfikują	modyfikują	PROPN
dem-4207	163	15	wstępne	wstępne	PROPN
dem-4207	163	16	przekonanie	przekonanie	NUM
dem-4207	163	17	o	o	NOUN
dem-4207	163	18	parametrze	parametrze	NOUN
dem-4207	163	19	transformacji	transformacji	NOUN
dem-4207	163	20	.	.	PUNCT
dem-4207	164	1	wyniki	wyniki	PROPN
dem-4207	164	2	empiryczne	empiryczne	PROPN
dem-4207	164	3	pokazują	pokazują	PROPN
dem-4207	164	4	,	,	PUNCT
dem-4207	164	5	że	że	NOUN
dem-4207	164	6	założenia	założenia	PROPN
dem-4207	164	7	o	o	PROPN
dem-4207	164	8	rozkładzie	rozkładzie	PROPN
dem-4207	164	9	a	a	DET
dem-4207	164	10	priori	priori	ADJ
dem-4207	164	11	parametru	parametru	PROPN
dem-4207	164	12	transformacji	transformacji	PROPN
dem-4207	164	13	ma	ma	PROPN
dem-4207	164	14	istotny	istotny	PROPN
dem-4207	164	15	wpływ	wpływ	PROPN
dem-4207	164	16	na	na	PROPN
dem-4207	164	17	kształt	kształt	PROPN
dem-4207	164	18	brzegowego	brzegowego	PROPN
dem-4207	164	19	rozkładu	rozkładu	VERB
dem-4207	164	20	a	a	DET
dem-4207	164	21	posteriori	posteriori	NOUN
dem-4207	164	22	tego	tego	PROPN
dem-4207	164	23	parametru	parametru	PROPN
dem-4207	164	24	.	.	PUNCT
dem-4207	165	1	jednak	jednak	PROPN
dem-4207	165	2	w	w	PROPN
dem-4207	165	3	większości	większości	PROPN
dem-4207	165	4	rozważanych	rozważanych	PROPN
dem-4207	165	5	przypadków	przypadków	PROPN
dem-4207	165	6	rozkłady	rozkłady	PROPN
dem-4207	165	7	te	te	PROPN
dem-4207	165	8	,	,	PUNCT
dem-4207	165	9	w	w	PROPN
dem-4207	165	10	porównaniu	porównaniu	PROPN
dem-4207	165	11	z	z	PROPN
dem-4207	165	12	rozkładami	rozkładami	NOUN
dem-4207	165	13	a	a	PRON
dem-4207	165	14	priori	priori	ADV
dem-4207	165	15	,	,	PUNCT
dem-4207	165	16	są	są	PROPN
dem-4207	165	17	przesunięte	przesunięte	PROPN
dem-4207	165	18	w	w	PROPN
dem-4207	165	19	kierunku	kierunku	PROPN
dem-4207	165	20	zera	zera	PROPN
dem-4207	165	21	.	.	PUNCT
dem-4207	166	1	zatem	zatem	PROPN
dem-4207	166	2	transformacje	transformacje	PROPN
dem-4207	166	3	ilorazu	ilorazu	PROPN
dem-4207	166	4	cen	cen	NOUN
dem-4207	166	5	dające	dające	PROPN
dem-4207	166	6	wartości	wartości	PROPN
dem-4207	166	7	bliskie	bliskie	PROPN
dem-4207	166	8	logarytmicznej	logarytmicznej	PROPN
dem-4207	166	9	stopie	stopie	PROPN
dem-4207	166	10	zwrotu	zwrotu	PROPN
dem-4207	166	11	są	są	PROPN
dem-4207	166	12	bardziej	bardziej	PROPN
dem-4207	166	13	prawdopodobne	prawdopodobne	ADV
dem-4207	166	14	a	a	DET
dem-4207	166	15	posteriori	posteriori	NOUN
dem-4207	166	16	niż	niż	PROPN
dem-4207	166	17	transformacje	transformacje	ADV
dem-4207	166	18	prowadzące	prowadzące	NOUN
dem-4207	166	19	do	do	AUX
dem-4207	166	20	prostej	prostej	NOUN
dem-4207	166	21	stopy	stopy	VERB
dem-4207	166	22	zwrotu	zwrotu	PROPN
dem-4207	166	23	.	.	PUNCT
dem-4207	167	1	s	s	PROPN
dem-4207	167	2	ł	ł	PROPN
dem-4207	167	3	o	o	X
dem-4207	167	4	w	w	NOUN
dem-4207	167	5	a	a	DET
dem-4207	167	6	k	k	X
dem-4207	167	7	l	l	NOUN
dem-4207	167	8	u	u	NOUN
dem-4207	168	1	c	c	NOUN
dem-4207	168	2	z	z	NOUN
dem-4207	168	3	o	o	X
dem-4207	168	4	w	w	PROPN
dem-4207	169	1	e	e	NOUN
dem-4207	169	2	:	:	PUNCT
dem-4207	169	3	transformacja	transformacja	ADV
dem-4207	169	4	boxa	boxa	PROPN
dem-4207	169	5	i	i	PRON
dem-4207	169	6	coxa	coxa	NOUN
dem-4207	169	7	,	,	PUNCT
dem-4207	169	8	model	model	NOUN
dem-4207	169	9	sv	sv	PROPN
dem-4207	169	10	,	,	PUNCT
dem-4207	169	11	wnioskowanie	wnioskowanie	PROPN
dem-4207	169	12	bayesowskie	bayesowskie	NOUN
dem-4207	169	13	.	.	PUNCT