id	sid	tid	token	lemma	pos
ejpam-801	1	1	7_xxx_terasvirta.dvi	7_xxx_terasvirta.dvi	NUM
ejpam-801	1	2	european	european	ADJ
ejpam-801	1	3	journal	journal	NOUN
ejpam-801	1	4	of	of	ADP
ejpam-801	1	5	pure	pure	ADJ
ejpam-801	1	6	and	and	CCONJ
ejpam-801	1	7	applied	apply	VERB
ejpam-801	1	8	mathematics	mathematic	NOUN
ejpam-801	1	9	vol	vol	NOUN
ejpam-801	1	10	.	.	PUNCT
ejpam-801	2	1	3	3	NUM
ejpam-801	2	2	,	,	PUNCT
ejpam-801	2	3	no	no	INTJ
ejpam-801	2	4	.	.	NOUN
ejpam-801	2	5	3	3	NUM
ejpam-801	2	6	,	,	PUNCT
ejpam-801	2	7	2010	2010	NUM
ejpam-801	2	8	,	,	PUNCT
ejpam-801	2	9	443	443	NUM
ejpam-801	2	10	-	-	SYM
ejpam-801	2	11	477	477	NUM
ejpam-801	2	12	issn	issn	PROPN
ejpam-801	2	13	1307	1307	NUM
ejpam-801	2	14	-	-	SYM
ejpam-801	2	15	5543	5543	NUM
ejpam-801	2	16	–	–	PUNCT
ejpam-801	2	17	www.ejpam.com	www.ejpam.com	X
ejpam-801	2	18	special	special	ADJ
ejpam-801	2	19	issue	issue	NOUN
ejpam-801	2	20	on	on	ADP
ejpam-801	2	21	granger	granger	PROPN
ejpam-801	2	22	econometrics	econometric	NOUN
ejpam-801	2	23	and	and	CCONJ
ejpam-801	2	24	statistical	statistical	ADJ
ejpam-801	2	25	modeling	modeling	NOUN
ejpam-801	2	26	dedicated	dedicate	VERB
ejpam-801	2	27	to	to	ADP
ejpam-801	2	28	the	the	DET
ejpam-801	2	29	memory	memory	NOUN
ejpam-801	2	30	of	of	ADP
ejpam-801	2	31	prof	prof	NOUN
ejpam-801	2	32	.	.	PUNCT
ejpam-801	3	1	sir	sir	PROPN
ejpam-801	3	2	clive	clive	PROPN
ejpam-801	3	3	w.j	w.j	PROPN
ejpam-801	3	4	.	.	PROPN
ejpam-801	3	5	granger	granger	PROPN
ejpam-801	3	6	stylized	stylize	VERB
ejpam-801	3	7	facts	fact	NOUN
ejpam-801	3	8	of	of	ADP
ejpam-801	3	9	financial	financial	ADJ
ejpam-801	3	10	time	time	NOUN
ejpam-801	3	11	series	series	NOUN
ejpam-801	3	12	and	and	CCONJ
ejpam-801	3	13	three	three	NUM
ejpam-801	3	14	popular	popular	ADJ
ejpam-801	3	15	models	model	NOUN
ejpam-801	3	16	of	of	ADP
ejpam-801	3	17	volatility	volatility	NOUN
ejpam-801	3	18	hans	han	NOUN
ejpam-801	3	19	malmsten1	malmsten1	PROPN
ejpam-801	3	20	and	and	CCONJ
ejpam-801	3	21	timo	timo	VERB
ejpam-801	3	22	teräsvirta2∗	teräsvirta2∗	PROPN
ejpam-801	3	23	1	1	NUM
ejpam-801	3	24	länsförsäkringar	länsförsäkringar	NOUN
ejpam-801	3	25	,	,	PUNCT
ejpam-801	3	26	stockholm	stockholm	PROPN
ejpam-801	3	27	2	2	NUM
ejpam-801	3	28	creates	create	VERB
ejpam-801	3	29	,	,	PUNCT
ejpam-801	3	30	aarhus	aarhus	PROPN
ejpam-801	3	31	university	university	NOUN
ejpam-801	3	32	,	,	PUNCT
ejpam-801	3	33	building	build	VERB
ejpam-801	3	34	1322	1322	NUM
ejpam-801	3	35	,	,	PUNCT
ejpam-801	3	36	dk-8000	dk-8000	PROPN
ejpam-801	3	37	aarhus	aarhus	PROPN
ejpam-801	3	38	c	c	PROPN
ejpam-801	3	39	,	,	PUNCT
ejpam-801	3	40	denmark	denmark	NOUN
ejpam-801	3	41	abstract	abstract	NOUN
ejpam-801	3	42	.	.	PUNCT
ejpam-801	4	1	properties	property	NOUN
ejpam-801	4	2	of	of	ADP
ejpam-801	4	3	three	three	NUM
ejpam-801	4	4	well	well	ADV
ejpam-801	4	5	-	-	PUNCT
ejpam-801	4	6	known	know	VERB
ejpam-801	4	7	and	and	CCONJ
ejpam-801	4	8	frequently	frequently	ADV
ejpam-801	4	9	applied	apply	VERB
ejpam-801	4	10	first	first	ADJ
ejpam-801	4	11	-	-	PUNCT
ejpam-801	4	12	order	order	NOUN
ejpam-801	4	13	models	model	NOUN
ejpam-801	4	14	for	for	ADP
ejpam-801	4	15	modelling	modelling	NOUN
ejpam-801	4	16	and	and	CCONJ
ejpam-801	4	17	forecasting	forecast	VERB
ejpam-801	4	18	volatility	volatility	NOUN
ejpam-801	4	19	in	in	ADP
ejpam-801	4	20	daily	daily	ADJ
ejpam-801	4	21	or	or	CCONJ
ejpam-801	4	22	weekly	weekly	ADJ
ejpam-801	4	23	financial	financial	ADJ
ejpam-801	4	24	series	series	NOUN
ejpam-801	4	25	such	such	ADJ
ejpam-801	4	26	as	as	ADP
ejpam-801	4	27	stock	stock	NOUN
ejpam-801	4	28	and	and	CCONJ
ejpam-801	4	29	exchange	exchange	NOUN
ejpam-801	4	30	rate	rate	NOUN
ejpam-801	4	31	returns	return	NOUN
ejpam-801	4	32	are	be	AUX
ejpam-801	4	33	considered	consider	VERB
ejpam-801	4	34	.	.	PUNCT
ejpam-801	5	1	these	these	PRON
ejpam-801	5	2	are	be	AUX
ejpam-801	5	3	the	the	DET
ejpam-801	5	4	standard	standard	ADJ
ejpam-801	5	5	generalized	generalize	VERB
ejpam-801	5	6	autoregressive	autoregressive	ADJ
ejpam-801	5	7	conditional	conditional	ADJ
ejpam-801	5	8	heteroskedasticity	heteroskedasticity	NOUN
ejpam-801	5	9	(	(	PUNCT
ejpam-801	5	10	garch	garch	NOUN
ejpam-801	5	11	)	)	PUNCT
ejpam-801	5	12	,	,	PUNCT
ejpam-801	5	13	the	the	DET
ejpam-801	5	14	exponential	exponential	ADJ
ejpam-801	5	15	garch	garch	NOUN
ejpam-801	5	16	and	and	CCONJ
ejpam-801	5	17	the	the	DET
ejpam-801	5	18	autoregressive	autoregressive	ADJ
ejpam-801	5	19	stochastic	stochastic	ADJ
ejpam-801	5	20	volatility	volatility	NOUN
ejpam-801	5	21	model	model	NOUN
ejpam-801	5	22	.	.	PUNCT
ejpam-801	6	1	the	the	DET
ejpam-801	6	2	focus	focus	NOUN
ejpam-801	6	3	is	be	AUX
ejpam-801	6	4	on	on	ADP
ejpam-801	6	5	finding	find	VERB
ejpam-801	6	6	out	out	ADP
ejpam-801	6	7	how	how	SCONJ
ejpam-801	6	8	well	well	ADV
ejpam-801	6	9	these	these	DET
ejpam-801	6	10	models	model	NOUN
ejpam-801	6	11	are	be	AUX
ejpam-801	6	12	able	able	ADJ
ejpam-801	6	13	to	to	PART
ejpam-801	6	14	reproduce	reproduce	VERB
ejpam-801	6	15	characteristic	characteristic	ADJ
ejpam-801	6	16	features	feature	NOUN
ejpam-801	6	17	of	of	ADP
ejpam-801	6	18	such	such	ADJ
ejpam-801	6	19	series	series	NOUN
ejpam-801	6	20	,	,	PUNCT
ejpam-801	6	21	also	also	ADV
ejpam-801	6	22	called	call	VERB
ejpam-801	6	23	stylized	stylize	VERB
ejpam-801	6	24	facts	fact	NOUN
ejpam-801	6	25	.	.	PUNCT
ejpam-801	7	1	these	these	PRON
ejpam-801	7	2	include	include	VERB
ejpam-801	7	3	high	high	ADJ
ejpam-801	7	4	kurtosis	kurtosis	NOUN
ejpam-801	7	5	and	and	CCONJ
ejpam-801	7	6	a	a	DET
ejpam-801	7	7	rather	rather	ADV
ejpam-801	7	8	low	low	ADV
ejpam-801	7	9	-	-	PUNCT
ejpam-801	7	10	starting	starting	NOUN
ejpam-801	7	11	and	and	CCONJ
ejpam-801	7	12	slowly	slowly	ADV
ejpam-801	7	13	decaying	decay	VERB
ejpam-801	7	14	autocorrelation	autocorrelation	NOUN
ejpam-801	7	15	function	function	NOUN
ejpam-801	7	16	of	of	ADP
ejpam-801	7	17	the	the	DET
ejpam-801	7	18	squared	squared	ADJ
ejpam-801	7	19	or	or	CCONJ
ejpam-801	7	20	absolute	absolute	ADV
ejpam-801	7	21	-	-	PUNCT
ejpam-801	7	22	valued	value	VERB
ejpam-801	7	23	observations	observation	NOUN
ejpam-801	7	24	.	.	PUNCT
ejpam-801	8	1	another	another	DET
ejpam-801	8	2	stylized	stylize	VERB
ejpam-801	8	3	fact	fact	NOUN
ejpam-801	8	4	is	be	AUX
ejpam-801	8	5	that	that	SCONJ
ejpam-801	8	6	the	the	DET
ejpam-801	8	7	autocorrelations	autocorrelation	NOUN
ejpam-801	8	8	of	of	ADP
ejpam-801	8	9	absolute	absolute	ADV
ejpam-801	8	10	-	-	PUNCT
ejpam-801	8	11	valued	value	VERB
ejpam-801	8	12	returns	return	NOUN
ejpam-801	8	13	raised	raise	VERB
ejpam-801	8	14	to	to	ADP
ejpam-801	8	15	a	a	DET
ejpam-801	8	16	positive	positive	ADJ
ejpam-801	8	17	power	power	NOUN
ejpam-801	8	18	are	be	AUX
ejpam-801	8	19	maximized	maximize	VERB
ejpam-801	8	20	when	when	SCONJ
ejpam-801	8	21	this	this	DET
ejpam-801	8	22	power	power	NOUN
ejpam-801	8	23	equals	equal	VERB
ejpam-801	8	24	unity	unity	NOUN
ejpam-801	8	25	.	.	PUNCT
ejpam-801	9	1	not	not	PART
ejpam-801	9	2	unexpectedly	unexpectedly	ADV
ejpam-801	9	3	,	,	PUNCT
ejpam-801	9	4	a	a	DET
ejpam-801	9	5	conclusion	conclusion	NOUN
ejpam-801	9	6	that	that	PRON
ejpam-801	9	7	emerges	emerge	VERB
ejpam-801	9	8	from	from	ADP
ejpam-801	9	9	these	these	DET
ejpam-801	9	10	considerations	consideration	NOUN
ejpam-801	9	11	,	,	PUNCT
ejpam-801	9	12	largely	largely	ADV
ejpam-801	9	13	based	base	VERB
ejpam-801	9	14	on	on	ADP
ejpam-801	9	15	results	result	NOUN
ejpam-801	9	16	on	on	ADP
ejpam-801	9	17	the	the	DET
ejpam-801	9	18	moment	moment	NOUN
ejpam-801	9	19	structure	structure	NOUN
ejpam-801	9	20	of	of	ADP
ejpam-801	9	21	these	these	DET
ejpam-801	9	22	models	model	NOUN
ejpam-801	9	23	,	,	PUNCT
ejpam-801	9	24	is	be	AUX
ejpam-801	9	25	that	that	SCONJ
ejpam-801	9	26	none	none	NOUN
ejpam-801	9	27	of	of	ADP
ejpam-801	9	28	the	the	DET
ejpam-801	9	29	models	model	NOUN
ejpam-801	9	30	dominates	dominate	VERB
ejpam-801	9	31	the	the	DET
ejpam-801	9	32	others	other	NOUN
ejpam-801	9	33	when	when	SCONJ
ejpam-801	9	34	it	it	PRON
ejpam-801	9	35	comes	come	VERB
ejpam-801	9	36	to	to	ADP
ejpam-801	9	37	reproducing	reproduce	VERB
ejpam-801	9	38	stylized	stylize	VERB
ejpam-801	9	39	facts	fact	NOUN
ejpam-801	9	40	in	in	ADP
ejpam-801	9	41	typical	typical	ADJ
ejpam-801	9	42	financial	financial	ADJ
ejpam-801	9	43	time	time	NOUN
ejpam-801	9	44	series	series	PROPN
ejpam-801	9	45	.	.	PUNCT
ejpam-801	10	1	2000	2000	NUM
ejpam-801	10	2	mathematics	mathematic	NOUN
ejpam-801	10	3	subject	subject	NOUN
ejpam-801	10	4	classifications	classification	NOUN
ejpam-801	10	5	:	:	PUNCT
ejpam-801	10	6	62m10	62m10	NUM
ejpam-801	10	7	,	,	PUNCT
ejpam-801	10	8	91b84	91b84	NUM
ejpam-801	10	9	key	key	ADJ
ejpam-801	10	10	words	word	NOUN
ejpam-801	10	11	and	and	CCONJ
ejpam-801	10	12	phrases	phrase	NOUN
ejpam-801	10	13	:	:	PUNCT
ejpam-801	10	14	autocorrelation	autocorrelation	NOUN
ejpam-801	10	15	of	of	ADP
ejpam-801	10	16	squared	square	VERB
ejpam-801	10	17	residuals	residual	NOUN
ejpam-801	10	18	,	,	PUNCT
ejpam-801	10	19	autoregressive	autoregressive	ADJ
ejpam-801	10	20	conditional	conditional	ADJ
ejpam-801	10	21	heteroskedasticity	heteroskedasticity	NOUN
ejpam-801	10	22	,	,	PUNCT
ejpam-801	10	23	conditional	conditional	ADJ
ejpam-801	10	24	variance	variance	NOUN
ejpam-801	10	25	,	,	PUNCT
ejpam-801	10	26	kurtosis	kurtosis	NOUN
ejpam-801	10	27	,	,	PUNCT
ejpam-801	10	28	stochastic	stochastic	ADJ
ejpam-801	10	29	volatility	volatility	NOUN
ejpam-801	10	30	,	,	PUNCT
ejpam-801	10	31	volatility	volatility	NOUN
ejpam-801	10	32	of	of	ADP
ejpam-801	10	33	stock	stock	NOUN
ejpam-801	10	34	returns	return	NOUN
ejpam-801	10	35	1	1	NUM
ejpam-801	10	36	.	.	PUNCT
ejpam-801	11	1	introduction	introduction	NOUN
ejpam-801	11	2	modelling	model	VERB
ejpam-801	11	3	volatility	volatility	NOUN
ejpam-801	11	4	of	of	ADP
ejpam-801	11	5	financial	financial	ADJ
ejpam-801	11	6	series	series	NOUN
ejpam-801	11	7	such	such	ADJ
ejpam-801	11	8	as	as	ADP
ejpam-801	11	9	stock	stock	NOUN
ejpam-801	11	10	returns	return	NOUN
ejpam-801	11	11	has	have	AUX
ejpam-801	11	12	become	become	VERB
ejpam-801	11	13	common	common	ADJ
ejpam-801	11	14	practice	practice	NOUN
ejpam-801	11	15	,	,	PUNCT
ejpam-801	11	16	as	as	SCONJ
ejpam-801	11	17	the	the	DET
ejpam-801	11	18	demand	demand	NOUN
ejpam-801	11	19	for	for	ADP
ejpam-801	11	20	volatility	volatility	NOUN
ejpam-801	11	21	forecasts	forecast	NOUN
ejpam-801	11	22	has	have	AUX
ejpam-801	11	23	increased	increase	VERB
ejpam-801	11	24	.	.	PUNCT
ejpam-801	12	1	various	various	ADJ
ejpam-801	12	2	types	type	NOUN
ejpam-801	12	3	of	of	ADP
ejpam-801	12	4	models	model	NOUN
ejpam-801	12	5	such	such	ADJ
ejpam-801	12	6	as	as	ADP
ejpam-801	12	7	models	model	NOUN
ejpam-801	12	8	of	of	ADP
ejpam-801	12	9	autoregressive	autoregressive	ADJ
ejpam-801	12	10	conditional	conditional	ADJ
ejpam-801	12	11	heteroskedasticity	heteroskedasticity	NOUN
ejpam-801	12	12	and	and	CCONJ
ejpam-801	12	13	stochastic	stochastic	ADJ
ejpam-801	12	14	volatility	volatility	NOUN
ejpam-801	12	15	models	model	NOUN
ejpam-801	12	16	have	have	AUX
ejpam-801	12	17	been	be	AUX
ejpam-801	12	18	applied	apply	VERB
ejpam-801	12	19	for	for	ADP
ejpam-801	12	20	the	the	DET
ejpam-801	12	21	purpose	purpose	NOUN
ejpam-801	12	22	.	.	PUNCT
ejpam-801	13	1	a	a	DET
ejpam-801	13	2	practitioner	practitioner	NOUN
ejpam-801	13	3	can	can	AUX
ejpam-801	13	4	thus	thus	ADV
ejpam-801	13	5	choose	choose	VERB
ejpam-801	13	6	between	between	ADP
ejpam-801	13	7	a	a	DET
ejpam-801	13	8	variety	variety	NOUN
ejpam-801	13	9	of	of	ADP
ejpam-801	13	10	models	model	NOUN
ejpam-801	13	11	.	.	PUNCT
ejpam-801	14	1	a	a	DET
ejpam-801	14	2	popular	popular	ADJ
ejpam-801	14	3	way	way	NOUN
ejpam-801	14	4	of	of	ADP
ejpam-801	14	5	comparing	compare	VERB
ejpam-801	14	6	volatility	volatility	NOUN
ejpam-801	14	7	models	model	NOUN
ejpam-801	14	8	has	have	AUX
ejpam-801	14	9	been	be	AUX
ejpam-801	14	10	to	to	PART
ejpam-801	14	11	estimate	estimate	VERB
ejpam-801	14	12	a	a	DET
ejpam-801	14	13	number	number	NOUN
ejpam-801	14	14	of	of	ADP
ejpam-801	14	15	models	model	NOUN
ejpam-801	14	16	by	by	ADP
ejpam-801	14	17	∗corresponding	∗corresponde	VERB
ejpam-801	14	18	author	author	NOUN
ejpam-801	14	19	.	.	PUNCT
ejpam-801	15	1	email	email	NOUN
ejpam-801	15	2	address	address	PROPN
ejpam-801	15	3	:	:	PUNCT
ejpam-801	15	4	tterasvirta	tterasvirta	PROPN
ejpam-801	15	5	�	�	PROPN
ejpam-801	15	6	reates.au.dk	reates.au.dk	PROPN
ejpam-801	15	7	(	(	PUNCT
ejpam-801	15	8	t.	t.	PROPN
ejpam-801	15	9	teräsvirta	teräsvirta	PROPN
ejpam-801	15	10	)	)	PUNCT
ejpam-801	15	11	http://www.ejpam.com	http://www.ejpam.com	X
ejpam-801	16	1	443	443	NUM
ejpam-801	17	1	c	c	X
ejpam-801	17	2	©	©	PROPN
ejpam-801	17	3	2010	2010	NUM
ejpam-801	17	4	ejpam	ejpam	NOUN
ejpam-801	17	5	all	all	DET
ejpam-801	17	6	rights	right	NOUN
ejpam-801	17	7	reserved	reserve	VERB
ejpam-801	17	8	.	.	PUNCT
ejpam-801	18	1	h.	h.	PROPN
ejpam-801	18	2	malmsten	malmsten	PROPN
ejpam-801	18	3	and	and	CCONJ
ejpam-801	18	4	t.	t.	PROPN
ejpam-801	18	5	teräsvirta	teräsvirta	PROPN
ejpam-801	18	6	/	/	SYM
ejpam-801	18	7	eur	eur	PROPN
ejpam-801	18	8	.	.	PUNCT
ejpam-801	19	1	j.	j.	PROPN
ejpam-801	19	2	pure	pure	PROPN
ejpam-801	19	3	appl	appl	PROPN
ejpam-801	19	4	.	.	PROPN
ejpam-801	19	5	math	math	PROPN
ejpam-801	19	6	,	,	PUNCT
ejpam-801	19	7	3	3	NUM
ejpam-801	19	8	(	(	PUNCT
ejpam-801	19	9	2010	2010	NUM
ejpam-801	19	10	)	)	PUNCT
ejpam-801	19	11	,	,	PUNCT
ejpam-801	19	12	443	443	NUM
ejpam-801	19	13	-	-	SYM
ejpam-801	19	14	477	477	NUM
ejpam-801	19	15	444	444	NUM
ejpam-801	19	16	maximum	maximum	ADJ
ejpam-801	19	17	likelihood	likelihood	NOUN
ejpam-801	19	18	and	and	CCONJ
ejpam-801	19	19	observe	observe	VERB
ejpam-801	19	20	which	which	DET
ejpam-801	19	21	one	one	PRON
ejpam-801	19	22	has	have	VERB
ejpam-801	19	23	the	the	DET
ejpam-801	19	24	highest	high	ADJ
ejpam-801	19	25	log	log	NOUN
ejpam-801	19	26	-	-	PUNCT
ejpam-801	19	27	likelihood	likelihood	NOUN
ejpam-801	19	28	value	value	NOUN
ejpam-801	19	29	;	;	PUNCT
ejpam-801	19	30	see	see	VERB
ejpam-801	19	31	[	[	X
ejpam-801	19	32	48	48	NUM
ejpam-801	19	33	]	]	PUNCT
ejpam-801	19	34	for	for	ADP
ejpam-801	19	35	an	an	DET
ejpam-801	19	36	example	example	NOUN
ejpam-801	19	37	.	.	PUNCT
ejpam-801	20	1	if	if	SCONJ
ejpam-801	20	2	the	the	DET
ejpam-801	20	3	models	model	NOUN
ejpam-801	20	4	under	under	ADP
ejpam-801	20	5	comparison	comparison	NOUN
ejpam-801	20	6	do	do	AUX
ejpam-801	20	7	not	not	PART
ejpam-801	20	8	have	have	VERB
ejpam-801	20	9	the	the	DET
ejpam-801	20	10	same	same	ADJ
ejpam-801	20	11	number	number	NOUN
ejpam-801	20	12	of	of	ADP
ejpam-801	20	13	parameters	parameter	NOUN
ejpam-801	20	14	,	,	PUNCT
ejpam-801	20	15	one	one	PRON
ejpam-801	20	16	may	may	AUX
ejpam-801	20	17	want	want	VERB
ejpam-801	20	18	to	to	PART
ejpam-801	20	19	favour	favour	VERB
ejpam-801	20	20	parsimony	parsimony	NOUN
ejpam-801	20	21	and	and	CCONJ
ejpam-801	20	22	apply	apply	VERB
ejpam-801	20	23	a	a	DET
ejpam-801	20	24	suitable	suitable	ADJ
ejpam-801	20	25	model	model	NOUN
ejpam-801	20	26	selection	selection	NOUN
ejpam-801	20	27	criterion	criterion	NOUN
ejpam-801	20	28	,	,	PUNCT
ejpam-801	20	29	such	such	ADJ
ejpam-801	20	30	as	as	ADP
ejpam-801	20	31	aic	aic	PROPN
ejpam-801	20	32	or	or	CCONJ
ejpam-801	20	33	bic	bic	PROPN
ejpam-801	20	34	,	,	PUNCT
ejpam-801	20	35	for	for	ADP
ejpam-801	20	36	the	the	DET
ejpam-801	20	37	purpose	purpose	NOUN
ejpam-801	20	38	.	.	PUNCT
ejpam-801	21	1	it	it	PRON
ejpam-801	21	2	is	be	AUX
ejpam-801	21	3	also	also	ADV
ejpam-801	21	4	possible	possible	ADJ
ejpam-801	21	5	to	to	PART
ejpam-801	21	6	choose	choose	VERB
ejpam-801	21	7	a	a	DET
ejpam-801	21	8	model	model	NOUN
ejpam-801	21	9	after	after	ADP
ejpam-801	21	10	actually	actually	ADV
ejpam-801	21	11	applying	apply	VERB
ejpam-801	21	12	it	it	PRON
ejpam-801	21	13	to	to	ADP
ejpam-801	21	14	forecasting	forecasting	NOUN
ejpam-801	21	15	.	.	PUNCT
ejpam-801	22	1	[	[	X
ejpam-801	22	2	44	44	NUM
ejpam-801	22	3	]	]	PUNCT
ejpam-801	22	4	provide	provide	VERB
ejpam-801	22	5	a	a	DET
ejpam-801	22	6	survey	survey	NOUN
ejpam-801	22	7	of	of	ADP
ejpam-801	22	8	papers	paper	NOUN
ejpam-801	22	9	that	that	PRON
ejpam-801	22	10	contain	contain	VERB
ejpam-801	22	11	results	result	NOUN
ejpam-801	22	12	of	of	ADP
ejpam-801	22	13	such	such	ADJ
ejpam-801	22	14	comparisons	comparison	NOUN
ejpam-801	22	15	.	.	PUNCT
ejpam-801	23	1	another	another	DET
ejpam-801	23	2	way	way	NOUN
ejpam-801	23	3	of	of	ADP
ejpam-801	23	4	comparing	compare	VERB
ejpam-801	23	5	models	model	NOUN
ejpam-801	23	6	is	be	AUX
ejpam-801	23	7	to	to	PART
ejpam-801	23	8	submit	submit	VERB
ejpam-801	23	9	estimated	estimate	VERB
ejpam-801	23	10	models	model	NOUN
ejpam-801	23	11	to	to	ADP
ejpam-801	23	12	misspecification	misspecification	NOUN
ejpam-801	23	13	tests	test	NOUN
ejpam-801	23	14	and	and	CCONJ
ejpam-801	23	15	see	see	VERB
ejpam-801	23	16	how	how	SCONJ
ejpam-801	23	17	well	well	ADV
ejpam-801	23	18	they	they	PRON
ejpam-801	23	19	pass	pass	VERB
ejpam-801	23	20	the	the	DET
ejpam-801	23	21	tests	test	NOUN
ejpam-801	23	22	.	.	PUNCT
ejpam-801	24	1	this	this	PRON
ejpam-801	24	2	also	also	ADV
ejpam-801	24	3	paves	pave	VERB
ejpam-801	24	4	the	the	DET
ejpam-801	24	5	way	way	NOUN
ejpam-801	24	6	for	for	ADP
ejpam-801	24	7	building	building	NOUN
ejpam-801	24	8	models	model	NOUN
ejpam-801	24	9	within	within	ADP
ejpam-801	24	10	the	the	DET
ejpam-801	24	11	same	same	ADJ
ejpam-801	24	12	family	family	NOUN
ejpam-801	24	13	of	of	ADP
ejpam-801	24	14	models	model	NOUN
ejpam-801	24	15	.	.	PUNCT
ejpam-801	25	1	one	one	PRON
ejpam-801	25	2	can	can	AUX
ejpam-801	25	3	extend	extend	VERB
ejpam-801	25	4	a	a	DET
ejpam-801	25	5	failed	fail	VERB
ejpam-801	25	6	model	model	NOUN
ejpam-801	25	7	by	by	ADP
ejpam-801	25	8	estimating	estimate	VERB
ejpam-801	25	9	the	the	DET
ejpam-801	25	10	alternative	alternative	NOUN
ejpam-801	25	11	it	it	PRON
ejpam-801	25	12	has	have	AUX
ejpam-801	25	13	been	be	AUX
ejpam-801	25	14	tested	test	VERB
ejpam-801	25	15	against	against	ADP
ejpam-801	25	16	and	and	CCONJ
ejpam-801	25	17	subject	subject	VERB
ejpam-801	25	18	that	that	DET
ejpam-801	25	19	model	model	NOUN
ejpam-801	25	20	to	to	ADP
ejpam-801	25	21	new	new	ADJ
ejpam-801	25	22	misspecification	misspecification	NOUN
ejpam-801	25	23	tests	test	NOUN
ejpam-801	25	24	.	.	PUNCT
ejpam-801	26	1	such	such	ADJ
ejpam-801	26	2	tests	test	NOUN
ejpam-801	26	3	have	have	AUX
ejpam-801	26	4	been	be	AUX
ejpam-801	26	5	derived	derive	VERB
ejpam-801	26	6	for	for	ADP
ejpam-801	26	7	generalized	generalized	ADJ
ejpam-801	26	8	autoregressive	autoregressive	ADJ
ejpam-801	26	9	conditional	conditional	ADJ
ejpam-801	26	10	heteroskedasticity	heteroskedasticity	NOUN
ejpam-801	26	11	(	(	PUNCT
ejpam-801	26	12	garch	garch	NOUN
ejpam-801	26	13	)	)	PUNCT
ejpam-801	26	14	models	model	NOUN
ejpam-801	26	15	;	;	PUNCT
ejpam-801	26	16	see	see	VERB
ejpam-801	26	17	,	,	PUNCT
ejpam-801	26	18	for	for	ADP
ejpam-801	26	19	example	example	NOUN
ejpam-801	26	20	,	,	PUNCT
ejpam-801	26	21	[	[	X
ejpam-801	26	22	15	15	NUM
ejpam-801	26	23	,	,	PUNCT
ejpam-801	26	24	10	10	NUM
ejpam-801	26	25	,	,	PUNCT
ejpam-801	26	26	37	37	NUM
ejpam-801	26	27	,	,	PUNCT
ejpam-801	26	28	39	39	NUM
ejpam-801	26	29	]	]	PUNCT
ejpam-801	26	30	.	.	PUNCT
ejpam-801	27	1	similar	similar	ADJ
ejpam-801	27	2	devices	device	NOUN
ejpam-801	27	3	for	for	ADP
ejpam-801	27	4	the	the	DET
ejpam-801	27	5	exponential	exponential	ADJ
ejpam-801	27	6	garch	garch	NOUN
ejpam-801	27	7	(	(	PUNCT
ejpam-801	27	8	egarch	egarch	NOUN
ejpam-801	27	9	)	)	PUNCT
ejpam-801	27	10	model	model	NOUN
ejpam-801	27	11	of	of	ADP
ejpam-801	27	12	[	[	X
ejpam-801	27	13	42	42	NUM
ejpam-801	27	14	]	]	PUNCT
ejpam-801	27	15	who	who	PRON
ejpam-801	27	16	already	already	ADV
ejpam-801	27	17	suggested	suggest	VERB
ejpam-801	27	18	such	such	ADJ
ejpam-801	27	19	tests	test	NOUN
ejpam-801	27	20	,	,	PUNCT
ejpam-801	27	21	are	be	AUX
ejpam-801	27	22	presented	present	VERB
ejpam-801	27	23	in	in	ADP
ejpam-801	27	24	[	[	X
ejpam-801	27	25	40	40	NUM
ejpam-801	27	26	]	]	PUNCT
ejpam-801	27	27	.	.	PUNCT
ejpam-801	28	1	in	in	ADP
ejpam-801	28	2	addition	addition	NOUN
ejpam-801	28	3	,	,	PUNCT
ejpam-801	28	4	nonnested	nonneste	VERB
ejpam-801	28	5	models	model	NOUN
ejpam-801	28	6	can	can	AUX
ejpam-801	28	7	be	be	AUX
ejpam-801	28	8	tested	test	VERB
ejpam-801	28	9	against	against	ADP
ejpam-801	28	10	each	each	DET
ejpam-801	28	11	other	other	ADJ
ejpam-801	28	12	.	.	PUNCT
ejpam-801	29	1	[	[	X
ejpam-801	29	2	33	33	NUM
ejpam-801	29	3	]	]	PUNCT
ejpam-801	29	4	considered	consider	VERB
ejpam-801	29	5	testing	testing	NOUN
ejpam-801	29	6	garch	garch	NOUN
ejpam-801	29	7	against	against	ADP
ejpam-801	29	8	the	the	DET
ejpam-801	29	9	autoregressive	autoregressive	ADJ
ejpam-801	29	10	stochastic	stochastic	ADJ
ejpam-801	29	11	volatility	volatility	NOUN
ejpam-801	29	12	(	(	PUNCT
ejpam-801	29	13	arsv	arsv	NOUN
ejpam-801	29	14	)	)	PUNCT
ejpam-801	29	15	model	model	NOUN
ejpam-801	29	16	and	and	CCONJ
ejpam-801	29	17	[	[	X
ejpam-801	29	18	35	35	NUM
ejpam-801	29	19	]	]	PUNCT
ejpam-801	29	20	suggested	suggest	VERB
ejpam-801	29	21	the	the	DET
ejpam-801	29	22	simulated	simulated	ADJ
ejpam-801	29	23	likelihood	likelihood	NOUN
ejpam-801	29	24	ratio	ratio	NOUN
ejpam-801	29	25	test	test	NOUN
ejpam-801	29	26	for	for	ADP
ejpam-801	29	27	choosing	choose	VERB
ejpam-801	29	28	between	between	ADP
ejpam-801	29	29	garch	garch	NOUN
ejpam-801	29	30	and	and	CCONJ
ejpam-801	29	31	egarch	egarch	NOUN
ejpam-801	29	32	:	:	PUNCT
ejpam-801	29	33	for	for	ADP
ejpam-801	29	34	other	other	ADJ
ejpam-801	29	35	approaches	approach	NOUN
ejpam-801	29	36	see	see	VERB
ejpam-801	29	37	[	[	X
ejpam-801	29	38	15	15	NUM
ejpam-801	29	39	]	]	PUNCT
ejpam-801	29	40	and	and	CCONJ
ejpam-801	29	41	[	[	X
ejpam-801	29	42	38	38	NUM
ejpam-801	29	43	]	]	PUNCT
ejpam-801	29	44	.	.	PUNCT
ejpam-801	30	1	the	the	DET
ejpam-801	30	2	pseudoscore	pseudoscore	NOUN
ejpam-801	30	3	test	test	NOUN
ejpam-801	30	4	of	of	ADP
ejpam-801	30	5	[	[	X
ejpam-801	30	6	9	9	NUM
ejpam-801	30	7	]	]	PUNCT
ejpam-801	30	8	can	can	AUX
ejpam-801	30	9	be	be	AUX
ejpam-801	30	10	applied	apply	VERB
ejpam-801	30	11	to	to	ADP
ejpam-801	30	12	this	this	DET
ejpam-801	30	13	problem	problem	NOUN
ejpam-801	30	14	as	as	ADV
ejpam-801	30	15	well	well	ADV
ejpam-801	30	16	.	.	PUNCT
ejpam-801	31	1	small	small	ADJ
ejpam-801	31	2	sample	sample	NOUN
ejpam-801	31	3	properties	property	NOUN
ejpam-801	31	4	of	of	ADP
ejpam-801	31	5	some	some	PRON
ejpam-801	31	6	of	of	ADP
ejpam-801	31	7	the	the	DET
ejpam-801	31	8	available	available	ADJ
ejpam-801	31	9	tests	test	NOUN
ejpam-801	31	10	for	for	ADP
ejpam-801	31	11	that	that	DET
ejpam-801	31	12	testing	testing	NOUN
ejpam-801	31	13	problem	problem	NOUN
ejpam-801	31	14	are	be	AUX
ejpam-801	31	15	considered	consider	VERB
ejpam-801	31	16	in	in	ADP
ejpam-801	31	17	[	[	X
ejpam-801	31	18	40	40	NUM
ejpam-801	31	19	]	]	PUNCT
ejpam-801	31	20	.	.	PUNCT
ejpam-801	32	1	it	it	PRON
ejpam-801	32	2	should	should	AUX
ejpam-801	32	3	be	be	AUX
ejpam-801	32	4	noted	note	VERB
ejpam-801	32	5	,	,	PUNCT
ejpam-801	32	6	however	however	ADV
ejpam-801	32	7	,	,	PUNCT
ejpam-801	32	8	that	that	SCONJ
ejpam-801	32	9	testing	test	VERB
ejpam-801	32	10	two	two	NUM
ejpam-801	32	11	models	model	NOUN
ejpam-801	32	12	against	against	ADP
ejpam-801	32	13	each	each	DET
ejpam-801	32	14	other	other	ADJ
ejpam-801	32	15	does	do	AUX
ejpam-801	32	16	not	not	PART
ejpam-801	32	17	necessary	necessary	ADJ
ejpam-801	32	18	lead	lead	VERB
ejpam-801	32	19	to	to	ADP
ejpam-801	32	20	a	a	DET
ejpam-801	32	21	unique	unique	ADJ
ejpam-801	32	22	choice	choice	NOUN
ejpam-801	32	23	of	of	ADP
ejpam-801	32	24	a	a	DET
ejpam-801	32	25	model	model	NOUN
ejpam-801	32	26	.	.	PUNCT
ejpam-801	33	1	neither	neither	DET
ejpam-801	33	2	model	model	NOUN
ejpam-801	33	3	may	may	AUX
ejpam-801	33	4	be	be	AUX
ejpam-801	33	5	rejected	reject	VERB
ejpam-801	33	6	against	against	ADP
ejpam-801	33	7	the	the	DET
ejpam-801	33	8	other	other	ADJ
ejpam-801	33	9	or	or	CCONJ
ejpam-801	33	10	both	both	PRON
ejpam-801	33	11	may	may	AUX
ejpam-801	33	12	be	be	AUX
ejpam-801	33	13	rejected	reject	VERB
ejpam-801	33	14	against	against	ADP
ejpam-801	33	15	each	each	DET
ejpam-801	33	16	other	other	ADJ
ejpam-801	33	17	.	.	PUNCT
ejpam-801	34	1	for	for	ADP
ejpam-801	34	2	a	a	DET
ejpam-801	34	3	discussion	discussion	NOUN
ejpam-801	34	4	of	of	ADP
ejpam-801	34	5	conceptual	conceptual	ADJ
ejpam-801	34	6	differences	difference	NOUN
ejpam-801	34	7	between	between	ADP
ejpam-801	34	8	the	the	DET
ejpam-801	34	9	model	model	NOUN
ejpam-801	34	10	selection	selection	NOUN
ejpam-801	34	11	and	and	CCONJ
ejpam-801	34	12	testing	testing	NOUN
ejpam-801	34	13	approaches	approach	NOUN
ejpam-801	34	14	,	,	PUNCT
ejpam-801	34	15	see	see	VERB
ejpam-801	34	16	[	[	X
ejpam-801	34	17	21	21	NUM
ejpam-801	34	18	]	]	PUNCT
ejpam-801	34	19	.	.	PUNCT
ejpam-801	35	1	the	the	DET
ejpam-801	35	2	purpose	purpose	NOUN
ejpam-801	35	3	of	of	ADP
ejpam-801	35	4	this	this	DET
ejpam-801	35	5	paper	paper	NOUN
ejpam-801	35	6	is	be	AUX
ejpam-801	35	7	to	to	PART
ejpam-801	35	8	compare	compare	VERB
ejpam-801	35	9	volatility	volatility	NOUN
ejpam-801	35	10	models	model	NOUN
ejpam-801	35	11	from	from	ADP
ejpam-801	35	12	a	a	DET
ejpam-801	35	13	rather	rather	ADV
ejpam-801	35	14	different	different	ADJ
ejpam-801	35	15	angle	angle	NOUN
ejpam-801	35	16	.	.	PUNCT
ejpam-801	36	1	financial	financial	ADJ
ejpam-801	36	2	time	time	NOUN
ejpam-801	36	3	series	series	NOUN
ejpam-801	36	4	of	of	ADP
ejpam-801	36	5	sufficiently	sufficiently	ADV
ejpam-801	36	6	high	high	ADJ
ejpam-801	36	7	frequency	frequency	NOUN
ejpam-801	36	8	such	such	ADJ
ejpam-801	36	9	as	as	ADP
ejpam-801	36	10	daily	daily	ADJ
ejpam-801	36	11	or	or	CCONJ
ejpam-801	36	12	weekly	weekly	ADJ
ejpam-801	36	13	or	or	CCONJ
ejpam-801	36	14	even	even	ADV
ejpam-801	36	15	intradaily	intradaily	ADJ
ejpam-801	36	16	stock	stock	NOUN
ejpam-801	36	17	or	or	CCONJ
ejpam-801	36	18	exchange	exchange	NOUN
ejpam-801	36	19	rate	rate	NOUN
ejpam-801	36	20	return	return	NOUN
ejpam-801	36	21	series	series	NOUN
ejpam-801	36	22	seem	seem	VERB
ejpam-801	36	23	to	to	PART
ejpam-801	36	24	share	share	VERB
ejpam-801	36	25	a	a	DET
ejpam-801	36	26	number	number	NOUN
ejpam-801	36	27	of	of	ADP
ejpam-801	36	28	characteristic	characteristic	ADJ
ejpam-801	36	29	features	feature	NOUN
ejpam-801	36	30	,	,	PUNCT
ejpam-801	36	31	sometimes	sometimes	ADV
ejpam-801	36	32	called	call	VERB
ejpam-801	36	33	stylized	stylize	VERB
ejpam-801	36	34	facts	fact	NOUN
ejpam-801	36	35	.	.	PUNCT
ejpam-801	37	1	[	[	X
ejpam-801	37	2	20	20	NUM
ejpam-801	37	3	]	]	PUNCT
ejpam-801	37	4	and	and	CCONJ
ejpam-801	37	5	[	[	X
ejpam-801	37	6	22	22	NUM
ejpam-801	37	7	]	]	PUNCT
ejpam-801	37	8	,	,	PUNCT
ejpam-801	37	9	among	among	ADP
ejpam-801	37	10	others	other	NOUN
ejpam-801	37	11	,	,	PUNCT
ejpam-801	37	12	pointed	point	VERB
ejpam-801	37	13	out	out	ADP
ejpam-801	37	14	such	such	ADJ
ejpam-801	37	15	features	feature	NOUN
ejpam-801	37	16	and	and	CCONJ
ejpam-801	37	17	investigated	investigate	VERB
ejpam-801	37	18	their	their	PRON
ejpam-801	37	19	presence	presence	NOUN
ejpam-801	37	20	in	in	ADP
ejpam-801	37	21	financial	financial	ADJ
ejpam-801	37	22	time	time	NOUN
ejpam-801	37	23	series	series	NOUN
ejpam-801	37	24	.	.	PUNCT
ejpam-801	38	1	given	give	VERB
ejpam-801	38	2	a	a	DET
ejpam-801	38	3	set	set	NOUN
ejpam-801	38	4	of	of	ADP
ejpam-801	38	5	characteristic	characteristic	ADJ
ejpam-801	38	6	features	feature	NOUN
ejpam-801	38	7	or	or	CCONJ
ejpam-801	38	8	stylized	stylize	VERB
ejpam-801	38	9	facts	fact	NOUN
ejpam-801	38	10	,	,	PUNCT
ejpam-801	38	11	one	one	PRON
ejpam-801	38	12	may	may	AUX
ejpam-801	38	13	ask	ask	VERB
ejpam-801	38	14	the	the	DET
ejpam-801	38	15	following	follow	VERB
ejpam-801	38	16	question	question	NOUN
ejpam-801	38	17	:	:	PUNCT
ejpam-801	38	18	“	"	PUNCT
ejpam-801	38	19	have	have	VERB
ejpam-801	38	20	popular	popular	ADJ
ejpam-801	38	21	volatility	volatility	NOUN
ejpam-801	38	22	models	model	NOUN
ejpam-801	38	23	been	be	AUX
ejpam-801	38	24	parameterized	parameterized	ADJ
ejpam-801	38	25	in	in	ADP
ejpam-801	38	26	such	such	DET
ejpam-801	38	27	a	a	DET
ejpam-801	38	28	way	way	NOUN
ejpam-801	38	29	that	that	PRON
ejpam-801	38	30	they	they	PRON
ejpam-801	38	31	can	can	AUX
ejpam-801	38	32	accommodate	accommodate	VERB
ejpam-801	38	33	and	and	CCONJ
ejpam-801	38	34	explain	explain	VERB
ejpam-801	38	35	the	the	DET
ejpam-801	38	36	most	most	ADV
ejpam-801	38	37	common	common	ADJ
ejpam-801	38	38	stylized	stylize	VERB
ejpam-801	38	39	facts	fact	NOUN
ejpam-801	38	40	visible	visible	ADJ
ejpam-801	38	41	in	in	ADP
ejpam-801	38	42	the	the	DET
ejpam-801	38	43	data	data	NOUN
ejpam-801	38	44	?	?	PUNCT
ejpam-801	38	45	”	"	PUNCT
ejpam-801	38	46	models	model	NOUN
ejpam-801	38	47	for	for	ADP
ejpam-801	38	48	which	which	PRON
ejpam-801	38	49	the	the	DET
ejpam-801	38	50	answer	answer	NOUN
ejpam-801	38	51	is	be	AUX
ejpam-801	38	52	positive	positive	ADJ
ejpam-801	38	53	may	may	AUX
ejpam-801	38	54	be	be	AUX
ejpam-801	38	55	viewed	view	VERB
ejpam-801	38	56	as	as	ADP
ejpam-801	38	57	suitable	suitable	ADJ
ejpam-801	38	58	for	for	ADP
ejpam-801	38	59	practical	practical	ADJ
ejpam-801	38	60	use	use	NOUN
ejpam-801	38	61	.	.	PUNCT
ejpam-801	39	1	the	the	DET
ejpam-801	39	2	other	other	ADJ
ejpam-801	39	3	parameterizations	parameterization	NOUN
ejpam-801	39	4	may	may	AUX
ejpam-801	39	5	be	be	AUX
ejpam-801	39	6	regarded	regard	VERB
ejpam-801	39	7	as	as	ADP
ejpam-801	39	8	less	less	ADV
ejpam-801	39	9	useful	useful	ADJ
ejpam-801	39	10	in	in	ADP
ejpam-801	39	11	practice	practice	NOUN
ejpam-801	39	12	.	.	PUNCT
ejpam-801	40	1	there	there	PRON
ejpam-801	40	2	exists	exist	VERB
ejpam-801	40	3	some	some	DET
ejpam-801	40	4	work	work	NOUN
ejpam-801	40	5	towards	towards	ADP
ejpam-801	40	6	answering	answer	VERB
ejpam-801	40	7	this	this	DET
ejpam-801	40	8	question	question	NOUN
ejpam-801	40	9	.	.	PUNCT
ejpam-801	41	1	[	[	X
ejpam-801	41	2	51	51	NUM
ejpam-801	41	3	]	]	PUNCT
ejpam-801	41	4	considered	consider	VERB
ejpam-801	41	5	the	the	DET
ejpam-801	41	6	ability	ability	NOUN
ejpam-801	41	7	of	of	ADP
ejpam-801	41	8	the	the	DET
ejpam-801	41	9	garch	garch	NOUN
ejpam-801	41	10	model	model	NOUN
ejpam-801	41	11	to	to	PART
ejpam-801	41	12	reproduce	reproduce	VERB
ejpam-801	41	13	series	series	NOUN
ejpam-801	41	14	with	with	ADP
ejpam-801	41	15	high	high	ADJ
ejpam-801	41	16	kurtosis	kurtosis	NOUN
ejpam-801	41	17	and	and	CCONJ
ejpam-801	41	18	,	,	PUNCT
ejpam-801	41	19	at	at	ADP
ejpam-801	41	20	the	the	DET
ejpam-801	41	21	same	same	ADJ
ejpam-801	41	22	time	time	NOUN
ejpam-801	41	23	,	,	PUNCT
ejpam-801	41	24	positive	positive	ADJ
ejpam-801	41	25	but	but	CCONJ
ejpam-801	41	26	low	low	ADJ
ejpam-801	41	27	and	and	CCONJ
ejpam-801	41	28	slowly	slowly	ADV
ejpam-801	41	29	decreasing	decrease	VERB
ejpam-801	41	30	autocorrelations	autocorrelation	NOUN
ejpam-801	41	31	of	of	ADP
ejpam-801	41	32	squared	square	VERB
ejpam-801	41	33	observations	observation	NOUN
ejpam-801	41	34	.	.	PUNCT
ejpam-801	42	1	[	[	X
ejpam-801	42	2	36	36	NUM
ejpam-801	42	3	]	]	PUNCT
ejpam-801	42	4	discussed	discuss	VERB
ejpam-801	42	5	this	this	PRON
ejpam-801	42	6	stylized	stylize	VERB
ejpam-801	42	7	fact	fact	NOUN
ejpam-801	42	8	in	in	ADP
ejpam-801	42	9	connection	connection	NOUN
ejpam-801	42	10	with	with	ADP
ejpam-801	42	11	the	the	DET
ejpam-801	42	12	arsv	arsv	PROPN
ejpam-801	42	13	model	model	NOUN
ejpam-801	42	14	,	,	PUNCT
ejpam-801	42	15	whereas	whereas	SCONJ
ejpam-801	42	16	[	[	X
ejpam-801	42	17	2	2	NUM
ejpam-801	42	18	]	]	PUNCT
ejpam-801	42	19	focussed	focusse	VERB
ejpam-801	42	20	on	on	ADP
ejpam-801	42	21	the	the	DET
ejpam-801	42	22	arsv	arsv	PROPN
ejpam-801	42	23	model	model	NOUN
ejpam-801	42	24	based	base	VERB
ejpam-801	42	25	on	on	ADP
ejpam-801	42	26	the	the	DET
ejpam-801	42	27	normal	normal	ADJ
ejpam-801	42	28	inverse	inverse	NOUN
ejpam-801	42	29	gaussian	gaussian	ADJ
ejpam-801	42	30	distribution	distribution	NOUN
ejpam-801	42	31	.	.	PUNCT
ejpam-801	43	1	[	[	X
ejpam-801	43	2	8	8	NUM
ejpam-801	43	3	]	]	PUNCT
ejpam-801	43	4	compared	compare	VERB
ejpam-801	43	5	the	the	DET
ejpam-801	43	6	arsv	arsv	PROPN
ejpam-801	43	7	model	model	NOUN
ejpam-801	43	8	and	and	CCONJ
ejpam-801	43	9	the	the	DET
ejpam-801	43	10	garch	garch	NOUN
ejpam-801	43	11	model	model	NOUN
ejpam-801	43	12	using	use	VERB
ejpam-801	43	13	the	the	DET
ejpam-801	43	14	kurtosis	kurtosis	NOUN
ejpam-801	43	15	-	-	PUNCT
ejpam-801	43	16	autocorrelation	autocorrelation	NOUN
ejpam-801	43	17	relationship	relationship	NOUN
ejpam-801	43	18	as	as	ADP
ejpam-801	43	19	their	their	PRON
ejpam-801	43	20	benchmark	benchmark	NOUN
ejpam-801	43	21	.	.	PUNCT
ejpam-801	44	1	[	[	X
ejpam-801	44	2	3	3	X
ejpam-801	44	3	]	]	PUNCT
ejpam-801	44	4	also	also	ADV
ejpam-801	44	5	compared	compare	VERB
ejpam-801	44	6	garch	garch	NOUN
ejpam-801	44	7	and	and	CCONJ
ejpam-801	44	8	arsv	arsv	PROPN
ejpam-801	44	9	models	model	NOUN
ejpam-801	44	10	.	.	PUNCT
ejpam-801	45	1	the	the	DET
ejpam-801	45	2	work	work	NOUN
ejpam-801	45	3	of	of	ADP
ejpam-801	45	4	[	[	X
ejpam-801	45	5	45	45	NUM
ejpam-801	45	6	]	]	PUNCT
ejpam-801	45	7	on	on	ADP
ejpam-801	45	8	the	the	DET
ejpam-801	45	9	hidden	hide	VERB
ejpam-801	45	10	markov	markov	NOUN
ejpam-801	45	11	model	model	NOUN
ejpam-801	45	12	for	for	ADP
ejpam-801	45	13	the	the	DET
ejpam-801	45	14	variance	variance	NOUN
ejpam-801	45	15	may	may	AUX
ejpam-801	45	16	also	also	ADV
ejpam-801	45	17	be	be	AUX
ejpam-801	45	18	mentioned	mention	VERB
ejpam-801	45	19	in	in	ADP
ejpam-801	45	20	this	this	DET
ejpam-801	45	21	context	context	NOUN
ejpam-801	45	22	.	.	PUNCT
ejpam-801	46	1	furthermore	furthermore	ADV
ejpam-801	46	2	,	,	PUNCT
ejpam-801	46	3	[	[	X
ejpam-801	46	4	55	55	NUM
ejpam-801	46	5	]	]	PUNCT
ejpam-801	46	6	considered	consider	VERB
ejpam-801	46	7	stylized	stylize	VERB
ejpam-801	46	8	facts	fact	NOUN
ejpam-801	46	9	similar	similar	ADJ
ejpam-801	46	10	to	to	ADP
ejpam-801	46	11	the	the	DET
ejpam-801	46	12	ones	one	NOUN
ejpam-801	46	13	discussed	discuss	VERB
ejpam-801	46	14	in	in	ADP
ejpam-801	46	15	this	this	DET
ejpam-801	46	16	paper	paper	NOUN
ejpam-801	46	17	in	in	ADP
ejpam-801	46	18	the	the	DET
ejpam-801	46	19	context	context	NOUN
ejpam-801	46	20	of	of	ADP
ejpam-801	46	21	hyperbolic	hyperbolic	ADJ
ejpam-801	46	22	diffusions	diffusion	NOUN
ejpam-801	46	23	.	.	PUNCT
ejpam-801	47	1	answering	answer	VERB
ejpam-801	47	2	the	the	DET
ejpam-801	47	3	question	question	NOUN
ejpam-801	47	4	by	by	ADP
ejpam-801	47	5	using	use	VERB
ejpam-801	47	6	the	the	DET
ejpam-801	47	7	approach	approach	NOUN
ejpam-801	47	8	of	of	ADP
ejpam-801	47	9	this	this	DET
ejpam-801	47	10	paper	paper	NOUN
ejpam-801	47	11	is	be	AUX
ejpam-801	47	12	only	only	ADV
ejpam-801	47	13	possible	possible	ADJ
ejpam-801	47	14	in	in	ADP
ejpam-801	47	15	the	the	DET
ejpam-801	47	16	case	case	NOUN
ejpam-801	47	17	of	of	ADP
ejpam-801	47	18	rather	rather	ADV
ejpam-801	47	19	simple	simple	ADJ
ejpam-801	47	20	models	model	NOUN
ejpam-801	47	21	.	.	PUNCT
ejpam-801	48	1	on	on	ADP
ejpam-801	48	2	the	the	DET
ejpam-801	48	3	other	other	ADJ
ejpam-801	48	4	hand	hand	NOUN
ejpam-801	48	5	,	,	PUNCT
ejpam-801	48	6	a	a	DET
ejpam-801	48	7	vast	vast	ADJ
ejpam-801	48	8	majority	majority	NOUN
ejpam-801	48	9	of	of	ADP
ejpam-801	48	10	popular	popular	ADJ
ejpam-801	48	11	models	model	NOUN
ejpam-801	48	12	such	such	ADJ
ejpam-801	48	13	as	as	ADP
ejpam-801	48	14	garch	garch	NOUN
ejpam-801	48	15	,	,	PUNCT
ejpam-801	48	16	egarch	egarch	NOUN
ejpam-801	48	17	and	and	CCONJ
ejpam-801	48	18	arsv	arsv	PROPN
ejpam-801	48	19	models	model	NOUN
ejpam-801	48	20	used	use	VERB
ejpam-801	48	21	in	in	ADP
ejpam-801	48	22	applications	application	NOUN
ejpam-801	48	23	are	be	AUX
ejpam-801	48	24	first	first	ADJ
ejpam-801	48	25	-	-	PUNCT
ejpam-801	48	26	order	order	NOUN
ejpam-801	48	27	models	model	NOUN
ejpam-801	48	28	.	.	PUNCT
ejpam-801	49	1	higher	high	ADJ
ejpam-801	49	2	-	-	PUNCT
ejpam-801	49	3	order	order	NOUN
ejpam-801	49	4	models	model	NOUN
ejpam-801	49	5	,	,	PUNCT
ejpam-801	49	6	although	although	SCONJ
ejpam-801	49	7	theoretically	theoretically	ADV
ejpam-801	49	8	well	well	ADV
ejpam-801	49	9	-	-	PUNCT
ejpam-801	49	10	defined	define	VERB
ejpam-801	49	11	,	,	PUNCT
ejpam-801	49	12	are	be	AUX
ejpam-801	49	13	rather	rather	ADV
ejpam-801	49	14	seldom	seldom	ADV
ejpam-801	49	15	used	use	VERB
ejpam-801	49	16	in	in	ADP
ejpam-801	49	17	practice	practice	NOUN
ejpam-801	49	18	.	.	PUNCT
ejpam-801	50	1	this	this	PRON
ejpam-801	50	2	suggests	suggest	VERB
ejpam-801	50	3	that	that	SCONJ
ejpam-801	50	4	h.	h.	PROPN
ejpam-801	50	5	malmsten	malmsten	PROPN
ejpam-801	50	6	and	and	CCONJ
ejpam-801	50	7	t.	t.	PROPN
ejpam-801	50	8	teräsvirta	teräsvirta	PROPN
ejpam-801	50	9	/	/	SYM
ejpam-801	50	10	eur	eur	PROPN
ejpam-801	50	11	.	.	PUNCT
ejpam-801	51	1	j.	j.	PROPN
ejpam-801	51	2	pure	pure	PROPN
ejpam-801	51	3	appl	appl	PROPN
ejpam-801	51	4	.	.	PROPN
ejpam-801	51	5	math	math	PROPN
ejpam-801	51	6	,	,	PUNCT
ejpam-801	51	7	3	3	NUM
ejpam-801	51	8	(	(	PUNCT
ejpam-801	51	9	2010	2010	NUM
ejpam-801	51	10	)	)	PUNCT
ejpam-801	51	11	,	,	PUNCT
ejpam-801	51	12	443	443	NUM
ejpam-801	51	13	-	-	SYM
ejpam-801	51	14	477	477	NUM
ejpam-801	51	15	445	445	NUM
ejpam-801	51	16	restricting	restrict	VERB
ejpam-801	51	17	the	the	DET
ejpam-801	51	18	considerations	consideration	NOUN
ejpam-801	51	19	to	to	ADP
ejpam-801	51	20	simple	simple	ADJ
ejpam-801	51	21	parameterizations	parameterization	NOUN
ejpam-801	51	22	does	do	AUX
ejpam-801	51	23	not	not	PART
ejpam-801	51	24	render	render	VERB
ejpam-801	51	25	the	the	DET
ejpam-801	51	26	results	result	NOUN
ejpam-801	51	27	useless	useless	ADJ
ejpam-801	51	28	.	.	PUNCT
ejpam-801	52	1	this	this	DET
ejpam-801	52	2	paper	paper	NOUN
ejpam-801	52	3	may	may	AUX
ejpam-801	52	4	be	be	AUX
ejpam-801	52	5	viewed	view	VERB
ejpam-801	52	6	as	as	ADP
ejpam-801	52	7	an	an	DET
ejpam-801	52	8	extension	extension	NOUN
ejpam-801	52	9	to	to	ADP
ejpam-801	52	10	[	[	X
ejpam-801	52	11	51	51	NUM
ejpam-801	52	12	]	]	PUNCT
ejpam-801	52	13	and	and	CCONJ
ejpam-801	52	14	has	have	VERB
ejpam-801	52	15	the	the	DET
ejpam-801	52	16	following	follow	VERB
ejpam-801	52	17	contents	content	NOUN
ejpam-801	52	18	.	.	PUNCT
ejpam-801	53	1	the	the	DET
ejpam-801	53	2	stylized	stylize	VERB
ejpam-801	53	3	facts	fact	NOUN
ejpam-801	53	4	are	be	AUX
ejpam-801	53	5	defined	define	VERB
ejpam-801	53	6	in	in	ADP
ejpam-801	53	7	section	section	NOUN
ejpam-801	53	8	2	2	NUM
ejpam-801	53	9	and	and	CCONJ
ejpam-801	53	10	the	the	DET
ejpam-801	53	11	models	model	NOUN
ejpam-801	53	12	are	be	AUX
ejpam-801	53	13	discussed	discuss	VERB
ejpam-801	53	14	in	in	ADP
ejpam-801	53	15	section	section	NOUN
ejpam-801	53	16	3	3	NUM
ejpam-801	53	17	.	.	PUNCT
ejpam-801	53	18	section	section	NOUN
ejpam-801	53	19	4	4	NUM
ejpam-801	53	20	considers	consider	VERB
ejpam-801	53	21	the	the	DET
ejpam-801	53	22	kurtosis	kurtosis	NOUN
ejpam-801	53	23	-	-	PUNCT
ejpam-801	53	24	autocorrelation	autocorrelation	NOUN
ejpam-801	53	25	relationship	relationship	NOUN
ejpam-801	53	26	.	.	PUNCT
ejpam-801	54	1	in	in	ADP
ejpam-801	54	2	section	section	NOUN
ejpam-801	54	3	5	5	NUM
ejpam-801	54	4	,	,	PUNCT
ejpam-801	54	5	a	a	DET
ejpam-801	54	6	stylized	stylize	VERB
ejpam-801	54	7	fact	fact	NOUN
ejpam-801	54	8	called	call	VERB
ejpam-801	54	9	the	the	DET
ejpam-801	54	10	taylor	taylor	PROPN
ejpam-801	54	11	effect	effect	NOUN
ejpam-801	54	12	is	be	AUX
ejpam-801	54	13	discussed	discuss	VERB
ejpam-801	54	14	.	.	PUNCT
ejpam-801	55	1	in	in	ADP
ejpam-801	55	2	section	section	NOUN
ejpam-801	55	3	6	6	NUM
ejpam-801	55	4	the	the	DET
ejpam-801	55	5	kurtosis	kurtosis	NOUN
ejpam-801	55	6	-	-	PUNCT
ejpam-801	55	7	autocorrelation	autocorrelation	NOUN
ejpam-801	55	8	relationship	relationship	NOUN
ejpam-801	55	9	is	be	AUX
ejpam-801	55	10	reconsidered	reconsider	VERB
ejpam-801	55	11	using	use	VERB
ejpam-801	55	12	confidence	confidence	NOUN
ejpam-801	55	13	regions	region	NOUN
ejpam-801	55	14	.	.	PUNCT
ejpam-801	56	1	a	a	DET
ejpam-801	56	2	stylized	stylize	VERB
ejpam-801	56	3	fact	fact	NOUN
ejpam-801	56	4	that	that	SCONJ
ejpam-801	56	5	can	can	AUX
ejpam-801	56	6	not	not	PART
ejpam-801	56	7	be	be	AUX
ejpam-801	56	8	reproduced	reproduce	VERB
ejpam-801	56	9	by	by	ADP
ejpam-801	56	10	the	the	DET
ejpam-801	56	11	models	model	NOUN
ejpam-801	56	12	under	under	ADP
ejpam-801	56	13	consideration	consideration	NOUN
ejpam-801	56	14	but	but	CCONJ
ejpam-801	56	15	has	have	AUX
ejpam-801	56	16	generated	generate	VERB
ejpam-801	56	17	plenty	plenty	NOUN
ejpam-801	56	18	of	of	ADP
ejpam-801	56	19	discussion	discussion	NOUN
ejpam-801	56	20	is	be	AUX
ejpam-801	56	21	briefly	briefly	ADV
ejpam-801	56	22	mentioned	mention	VERB
ejpam-801	56	23	in	in	ADP
ejpam-801	56	24	section	section	NOUN
ejpam-801	56	25	7	7	NUM
ejpam-801	56	26	.	.	PUNCT
ejpam-801	56	27	section	section	NOUN
ejpam-801	56	28	8	8	NUM
ejpam-801	56	29	contains	contain	VERB
ejpam-801	56	30	conclusions	conclusion	NOUN
ejpam-801	56	31	.	.	PUNCT
ejpam-801	57	1	2	2	X
ejpam-801	57	2	.	.	NUM
ejpam-801	57	3	stylized	stylize	VERB
ejpam-801	57	4	facts	fact	NOUN
ejpam-801	57	5	the	the	DET
ejpam-801	57	6	stylized	stylize	VERB
ejpam-801	57	7	facts	fact	NOUN
ejpam-801	57	8	to	to	PART
ejpam-801	57	9	be	be	AUX
ejpam-801	57	10	discussed	discuss	VERB
ejpam-801	57	11	in	in	ADP
ejpam-801	57	12	this	this	DET
ejpam-801	57	13	paper	paper	NOUN
ejpam-801	57	14	are	be	AUX
ejpam-801	57	15	illuminated	illuminate	VERB
ejpam-801	57	16	by	by	ADP
ejpam-801	57	17	figure	figure	NOUN
ejpam-801	57	18	1	1	NUM
ejpam-801	57	19	.	.	PUNCT
ejpam-801	58	1	the	the	DET
ejpam-801	58	2	first	first	ADJ
ejpam-801	58	3	panel	panel	NOUN
ejpam-801	58	4	depicts	depict	VERB
ejpam-801	58	5	the	the	DET
ejpam-801	58	6	return	return	NOUN
ejpam-801	58	7	series	series	NOUN
ejpam-801	58	8	of	of	ADP
ejpam-801	58	9	the	the	DET
ejpam-801	58	10	s&p	s&p	PROPN
ejpam-801	58	11	500	500	NUM
ejpam-801	58	12	stock	stock	NOUN
ejpam-801	58	13	index	index	NOUN
ejpam-801	58	14	(	(	PUNCT
ejpam-801	58	15	daily	daily	ADJ
ejpam-801	58	16	first	first	ADJ
ejpam-801	58	17	differences	difference	NOUN
ejpam-801	58	18	rt	rt	PROPN
ejpam-801	58	19	of	of	ADP
ejpam-801	58	20	logarithms	logarithm	NOUN
ejpam-801	58	21	of	of	ADP
ejpam-801	58	22	the	the	DET
ejpam-801	58	23	index	index	NOUN
ejpam-801	58	24	;	;	PUNCT
ejpam-801	58	25	19261	19261	NUM
ejpam-801	58	26	observations	observation	NOUN
ejpam-801	58	27	)	)	PUNCT
ejpam-801	58	28	from	from	ADP
ejpam-801	58	29	3	3	NUM
ejpam-801	58	30	january	january	NOUN
ejpam-801	58	31	1928	1928	NUM
ejpam-801	58	32	to	to	ADP
ejpam-801	58	33	24	24	NUM
ejpam-801	58	34	april	april	PROPN
ejpam-801	58	35	2001	2001	NUM
ejpam-801	58	36	.	.	PUNCT
ejpam-801	59	1	the	the	DET
ejpam-801	59	2	marginal	marginal	ADJ
ejpam-801	59	3	distribution	distribution	NOUN
ejpam-801	59	4	of	of	ADP
ejpam-801	59	5	rt	rt	PROPN
ejpam-801	59	6	appears	appear	VERB
ejpam-801	59	7	leptokurtic	leptokurtic	ADJ
ejpam-801	59	8	and	and	CCONJ
ejpam-801	59	9	a	a	DET
ejpam-801	59	10	number	number	NOUN
ejpam-801	59	11	of	of	ADP
ejpam-801	59	12	volatility	volatility	NOUN
ejpam-801	59	13	clusters	cluster	NOUN
ejpam-801	59	14	are	be	AUX
ejpam-801	59	15	clearly	clearly	ADV
ejpam-801	59	16	visible	visible	ADJ
ejpam-801	59	17	.	.	PUNCT
ejpam-801	60	1	the	the	DET
ejpam-801	60	2	volatility	volatility	NOUN
ejpam-801	60	3	models	model	NOUN
ejpam-801	60	4	considered	consider	VERB
ejpam-801	60	5	in	in	ADP
ejpam-801	60	6	this	this	DET
ejpam-801	60	7	study	study	NOUN
ejpam-801	60	8	are	be	AUX
ejpam-801	60	9	designed	design	VERB
ejpam-801	60	10	for	for	ADP
ejpam-801	60	11	parameterizing	parameterize	VERB
ejpam-801	60	12	this	this	DET
ejpam-801	60	13	type	type	NOUN
ejpam-801	60	14	of	of	ADP
ejpam-801	60	15	variation	variation	NOUN
ejpam-801	60	16	.	.	PUNCT
ejpam-801	61	1	the	the	DET
ejpam-801	61	2	second	second	ADJ
ejpam-801	61	3	panel	panel	NOUN
ejpam-801	61	4	shows	show	VERB
ejpam-801	61	5	the	the	DET
ejpam-801	61	6	autocorrelation	autocorrelation	NOUN
ejpam-801	61	7	function	function	NOUN
ejpam-801	61	8	of	of	ADP
ejpam-801	61	9	|rt	|rt	NOUN
ejpam-801	61	10	|	|	ADV
ejpam-801	61	11	m	m	NOUN
ejpam-801	61	12	,	,	PUNCT
ejpam-801	61	13	m	m	VERB
ejpam-801	61	14	=	=	NOUN
ejpam-801	61	15	0.25,0.5,0.75,1	0.25,0.5,0.75,1	NUM
ejpam-801	61	16	and	and	CCONJ
ejpam-801	61	17	the	the	DET
ejpam-801	61	18	third	third	ADJ
ejpam-801	61	19	one	one	NOUN
ejpam-801	61	20	the	the	DET
ejpam-801	61	21	corresponding	corresponding	ADJ
ejpam-801	61	22	function	function	NOUN
ejpam-801	61	23	for	for	ADP
ejpam-801	61	24	m	m	PROPN
ejpam-801	61	25	=	=	SYM
ejpam-801	61	26	1,1.25,1.5,1.75,2	1,1.25,1.5,1.75,2	NUM
ejpam-801	61	27	,	,	PUNCT
ejpam-801	61	28	for	for	ADP
ejpam-801	61	29	the	the	DET
ejpam-801	61	30	first	first	ADJ
ejpam-801	61	31	500	500	NUM
ejpam-801	61	32	lags	lag	NOUN
ejpam-801	61	33	.	.	PUNCT
ejpam-801	62	1	it	it	PRON
ejpam-801	62	2	is	be	AUX
ejpam-801	62	3	seen	see	VERB
ejpam-801	62	4	that	that	SCONJ
ejpam-801	62	5	the	the	DET
ejpam-801	62	6	first	first	ADJ
ejpam-801	62	7	autocorrelations	autocorrelation	NOUN
ejpam-801	62	8	have	have	VERB
ejpam-801	62	9	positive	positive	ADJ
ejpam-801	62	10	but	but	CCONJ
ejpam-801	62	11	relatively	relatively	ADV
ejpam-801	62	12	small	small	ADJ
ejpam-801	62	13	values	value	NOUN
ejpam-801	62	14	and	and	CCONJ
ejpam-801	62	15	that	that	SCONJ
ejpam-801	62	16	the	the	DET
ejpam-801	62	17	autocorrelations	autocorrelation	NOUN
ejpam-801	62	18	decay	decay	VERB
ejpam-801	62	19	slowly	slowly	ADV
ejpam-801	62	20	.	.	PUNCT
ejpam-801	63	1	a	a	DET
ejpam-801	63	2	similar	similar	ADJ
ejpam-801	63	3	figure	figure	NOUN
ejpam-801	63	4	can	can	AUX
ejpam-801	63	5	be	be	AUX
ejpam-801	63	6	found	find	VERB
ejpam-801	63	7	in	in	ADP
ejpam-801	63	8	[	[	X
ejpam-801	63	9	12	12	NUM
ejpam-801	63	10	]	]	PUNCT
ejpam-801	63	11	,	,	PUNCT
ejpam-801	63	12	but	but	CCONJ
ejpam-801	63	13	here	here	ADV
ejpam-801	63	14	the	the	DET
ejpam-801	63	15	time	time	NOUN
ejpam-801	63	16	series	series	PROPN
ejpam-801	63	17	has	have	AUX
ejpam-801	63	18	been	be	AUX
ejpam-801	63	19	extended	extend	VERB
ejpam-801	63	20	to	to	PART
ejpam-801	63	21	cover	cover	VERB
ejpam-801	63	22	ten	ten	NUM
ejpam-801	63	23	more	more	ADJ
ejpam-801	63	24	years	year	NOUN
ejpam-801	63	25	from	from	ADP
ejpam-801	63	26	1992	1992	NUM
ejpam-801	63	27	to	to	ADP
ejpam-801	63	28	2001	2001	NUM
ejpam-801	63	29	.	.	PUNCT
ejpam-801	64	1	the	the	DET
ejpam-801	64	2	first	first	ADJ
ejpam-801	64	3	stylized	stylize	VERB
ejpam-801	64	4	fact	fact	NOUN
ejpam-801	64	5	illustrated	illustrate	VERB
ejpam-801	64	6	by	by	ADP
ejpam-801	64	7	figure	figure	NOUN
ejpam-801	64	8	1	1	NUM
ejpam-801	64	9	and	and	CCONJ
ejpam-801	64	10	typical	typical	ADJ
ejpam-801	64	11	of	of	ADP
ejpam-801	64	12	a	a	DET
ejpam-801	64	13	large	large	ADJ
ejpam-801	64	14	amount	amount	NOUN
ejpam-801	64	15	of	of	ADP
ejpam-801	64	16	return	return	NOUN
ejpam-801	64	17	series	series	NOUN
ejpam-801	64	18	is	be	AUX
ejpam-801	64	19	the	the	DET
ejpam-801	64	20	combination	combination	NOUN
ejpam-801	64	21	of	of	ADP
ejpam-801	64	22	relatively	relatively	ADV
ejpam-801	64	23	high	high	ADJ
ejpam-801	64	24	kurtosis	kurtosis	NOUN
ejpam-801	64	25	and	and	CCONJ
ejpam-801	64	26	rather	rather	ADV
ejpam-801	64	27	low	low	ADJ
ejpam-801	64	28	autocorrelations	autocorrelation	NOUN
ejpam-801	64	29	of	of	ADP
ejpam-801	64	30	|rt	|rt	NOUN
ejpam-801	64	31	|	|	ADV
ejpam-801	64	32	m.	m.	NOUN
ejpam-801	64	33	in	in	ADP
ejpam-801	64	34	the	the	DET
ejpam-801	64	35	case	case	NOUN
ejpam-801	64	36	of	of	ADP
ejpam-801	64	37	the	the	DET
ejpam-801	64	38	standard	standard	ADJ
ejpam-801	64	39	garch	garch	NOUN
ejpam-801	64	40	model	model	NOUN
ejpam-801	64	41	,	,	PUNCT
ejpam-801	64	42	we	we	PRON
ejpam-801	64	43	restrict	restrict	VERB
ejpam-801	64	44	ourselves	ourselves	PRON
ejpam-801	64	45	to	to	PART
ejpam-801	64	46	inspect	inspect	VERB
ejpam-801	64	47	the	the	DET
ejpam-801	64	48	combination	combination	NOUN
ejpam-801	64	49	of	of	ADP
ejpam-801	64	50	kurtosis	kurtosis	NOUN
ejpam-801	64	51	and	and	CCONJ
ejpam-801	64	52	the	the	DET
ejpam-801	64	53	autocorrelations	autocorrelation	NOUN
ejpam-801	64	54	of	of	ADP
ejpam-801	64	55	r2	r2	PROPN
ejpam-801	64	56	t	t	PROPN
ejpam-801	64	57	because	because	SCONJ
ejpam-801	64	58	in	in	ADP
ejpam-801	64	59	that	that	DET
ejpam-801	64	60	case	case	NOUN
ejpam-801	64	61	,	,	PUNCT
ejpam-801	64	62	an	an	DET
ejpam-801	64	63	analytic	analytic	ADJ
ejpam-801	64	64	expression	expression	NOUN
ejpam-801	64	65	for	for	ADP
ejpam-801	64	66	the	the	DET
ejpam-801	64	67	autocorrelation	autocorrelation	NOUN
ejpam-801	64	68	function	function	NOUN
ejpam-801	64	69	is	be	AUX
ejpam-801	64	70	available	available	ADJ
ejpam-801	64	71	.	.	PUNCT
ejpam-801	65	1	the	the	DET
ejpam-801	65	2	second	second	ADJ
ejpam-801	65	3	stylized	stylize	VERB
ejpam-801	65	4	fact	fact	NOUN
ejpam-801	65	5	to	to	PART
ejpam-801	65	6	be	be	AUX
ejpam-801	65	7	considered	consider	VERB
ejpam-801	65	8	is	be	AUX
ejpam-801	65	9	the	the	DET
ejpam-801	65	10	fact	fact	NOUN
ejpam-801	65	11	that	that	SCONJ
ejpam-801	65	12	the	the	DET
ejpam-801	65	13	autocorrelations	autocorrelation	NOUN
ejpam-801	65	14	as	as	ADP
ejpam-801	65	15	a	a	DET
ejpam-801	65	16	function	function	NOUN
ejpam-801	65	17	of	of	ADP
ejpam-801	65	18	m	m	NOUN
ejpam-801	65	19	tend	tend	VERB
ejpam-801	65	20	to	to	PART
ejpam-801	65	21	peak	peak	VERB
ejpam-801	65	22	for	for	ADP
ejpam-801	65	23	m	m	PROPN
ejpam-801	65	24	=	=	NOUN
ejpam-801	65	25	1	1	X
ejpam-801	65	26	.	.	PUNCT
ejpam-801	66	1	this	this	PRON
ejpam-801	66	2	is	be	AUX
ejpam-801	66	3	the	the	DET
ejpam-801	66	4	so	so	ADV
ejpam-801	66	5	-	-	PUNCT
ejpam-801	66	6	called	call	VERB
ejpam-801	66	7	taylor	taylor	PROPN
ejpam-801	66	8	effect	effect	NOUN
ejpam-801	66	9	that	that	PRON
ejpam-801	66	10	has	have	AUX
ejpam-801	66	11	been	be	AUX
ejpam-801	66	12	found	find	VERB
ejpam-801	66	13	in	in	ADP
ejpam-801	66	14	a	a	DET
ejpam-801	66	15	large	large	ADJ
ejpam-801	66	16	number	number	NOUN
ejpam-801	66	17	of	of	ADP
ejpam-801	66	18	financial	financial	ADJ
ejpam-801	66	19	time	time	NOUN
ejpam-801	66	20	series	series	NOUN
ejpam-801	66	21	;	;	PUNCT
ejpam-801	66	22	see	see	VERB
ejpam-801	66	23	[	[	X
ejpam-801	66	24	20	20	NUM
ejpam-801	66	25	]	]	PUNCT
ejpam-801	66	26	and	and	CCONJ
ejpam-801	66	27	[	[	X
ejpam-801	66	28	22	22	NUM
ejpam-801	66	29	]	]	PUNCT
ejpam-801	66	30	.	.	PUNCT
ejpam-801	67	1	in	in	ADP
ejpam-801	67	2	the	the	DET
ejpam-801	67	3	garch	garch	NOUN
ejpam-801	67	4	framework	framework	NOUN
ejpam-801	67	5	,	,	PUNCT
ejpam-801	67	6	this	this	PRON
ejpam-801	67	7	stylized	stylize	VERB
ejpam-801	67	8	fact	fact	NOUN
ejpam-801	67	9	can	can	AUX
ejpam-801	67	10	only	only	ADV
ejpam-801	67	11	be	be	AUX
ejpam-801	67	12	investigated	investigate	VERB
ejpam-801	67	13	using	use	VERB
ejpam-801	67	14	analytic	analytic	ADJ
ejpam-801	67	15	expressions	expression	NOUN
ejpam-801	67	16	when	when	SCONJ
ejpam-801	67	17	the	the	DET
ejpam-801	67	18	garch	garch	NOUN
ejpam-801	67	19	model	model	NOUN
ejpam-801	67	20	is	be	AUX
ejpam-801	67	21	the	the	DET
ejpam-801	67	22	so	so	ADV
ejpam-801	67	23	-	-	PUNCT
ejpam-801	67	24	called	call	VERB
ejpam-801	67	25	absolute	absolute	ADJ
ejpam-801	67	26	-	-	PUNCT
ejpam-801	67	27	value	value	NOUN
ejpam-801	67	28	garch	garch	NOUN
ejpam-801	67	29	(	(	PUNCT
ejpam-801	67	30	avgarch	avgarch	NOUN
ejpam-801	67	31	)	)	PUNCT
ejpam-801	67	32	model	model	NOUN
ejpam-801	67	33	and	and	CCONJ
ejpam-801	67	34	m	m	NOUN
ejpam-801	67	35	=	=	ADJ
ejpam-801	67	36	1	1	NUM
ejpam-801	67	37	or	or	CCONJ
ejpam-801	67	38	m	m	VERB
ejpam-801	67	39	=	=	ADJ
ejpam-801	67	40	2	2	X
ejpam-801	67	41	.	.	PUNCT
ejpam-801	68	1	this	this	PRON
ejpam-801	68	2	is	be	AUX
ejpam-801	68	3	because	because	SCONJ
ejpam-801	68	4	no	no	DET
ejpam-801	68	5	analytical	analytical	ADJ
ejpam-801	68	6	expressions	expression	NOUN
ejpam-801	68	7	for	for	ADP
ejpam-801	68	8	ρ	ρ	PROPN
ejpam-801	68	9	(	(	PUNCT
ejpam-801	68	10	|rt	|rt	NOUN
ejpam-801	68	11	|	|	ADV
ejpam-801	68	12	m,|rt−	m,|rt−	PROPN
ejpam-801	68	13	j	j	PROPN
ejpam-801	68	14	|	|	ADV
ejpam-801	68	15	m	m	NOUN
ejpam-801	68	16	)	)	PUNCT
ejpam-801	68	17	exist	exist	VERB
ejpam-801	68	18	when	when	SCONJ
ejpam-801	68	19	m	m	VERB
ejpam-801	68	20	<	<	X
ejpam-801	68	21	2	2	NUM
ejpam-801	68	22	and	and	CCONJ
ejpam-801	68	23	the	the	DET
ejpam-801	68	24	model	model	NOUN
ejpam-801	68	25	is	be	AUX
ejpam-801	68	26	the	the	DET
ejpam-801	68	27	standard	standard	ADJ
ejpam-801	68	28	garch	garch	NOUN
ejpam-801	68	29	model	model	NOUN
ejpam-801	68	30	.	.	PUNCT
ejpam-801	69	1	for	for	ADP
ejpam-801	69	2	the	the	DET
ejpam-801	69	3	avgarch	avgarch	NOUN
ejpam-801	69	4	model	model	NOUN
ejpam-801	69	5	,	,	PUNCT
ejpam-801	69	6	they	they	PRON
ejpam-801	69	7	are	be	AUX
ejpam-801	69	8	available	available	ADJ
ejpam-801	69	9	for	for	ADP
ejpam-801	69	10	both	both	PRON
ejpam-801	69	11	m=	m=	PRON
ejpam-801	69	12	1	1	NUM
ejpam-801	69	13	and	and	CCONJ
ejpam-801	69	14	m=	m=	PUNCT
ejpam-801	69	15	2	2	NUM
ejpam-801	69	16	but	but	CCONJ
ejpam-801	69	17	not	not	PART
ejpam-801	69	18	for	for	ADP
ejpam-801	69	19	non	non	ADJ
ejpam-801	69	20	-	-	ADJ
ejpam-801	69	21	integer	integer	ADJ
ejpam-801	69	22	values	value	NOUN
ejpam-801	69	23	of	of	ADP
ejpam-801	69	24	m.	m.	NOUN
ejpam-801	69	25	yet	yet	CCONJ
ejpam-801	69	26	another	another	DET
ejpam-801	69	27	fact	fact	NOUN
ejpam-801	69	28	discernible	discernible	ADJ
ejpam-801	69	29	in	in	ADP
ejpam-801	69	30	figure	figure	NOUN
ejpam-801	69	31	1	1	NUM
ejpam-801	69	32	is	be	AUX
ejpam-801	69	33	that	that	SCONJ
ejpam-801	69	34	the	the	DET
ejpam-801	69	35	decay	decay	NOUN
ejpam-801	69	36	rate	rate	NOUN
ejpam-801	69	37	of	of	ADP
ejpam-801	69	38	the	the	DET
ejpam-801	69	39	autocorrelations	autocorrelation	NOUN
ejpam-801	69	40	is	be	AUX
ejpam-801	69	41	very	very	ADV
ejpam-801	69	42	slow	slow	ADJ
ejpam-801	69	43	,	,	PUNCT
ejpam-801	69	44	apparently	apparently	ADV
ejpam-801	69	45	slower	slow	ADJ
ejpam-801	69	46	than	than	ADP
ejpam-801	69	47	the	the	DET
ejpam-801	69	48	exponential	exponential	ADJ
ejpam-801	69	49	rate	rate	NOUN
ejpam-801	69	50	.	.	PUNCT
ejpam-801	70	1	this	this	PRON
ejpam-801	70	2	prompted	prompt	VERB
ejpam-801	70	3	the	the	DET
ejpam-801	70	4	introduction	introduction	NOUN
ejpam-801	70	5	of	of	ADP
ejpam-801	70	6	the	the	DET
ejpam-801	70	7	fractionally	fractionally	ADV
ejpam-801	70	8	integrated	integrate	VERB
ejpam-801	70	9	garch	garch	NOUN
ejpam-801	70	10	(	(	PUNCT
ejpam-801	70	11	figarch	figarch	NOUN
ejpam-801	70	12	)	)	PUNCT
ejpam-801	70	13	model	model	NOUN
ejpam-801	70	14	;	;	PUNCT
ejpam-801	70	15	see	see	VERB
ejpam-801	70	16	[	[	X
ejpam-801	70	17	4	4	NUM
ejpam-801	70	18	]	]	PUNCT
ejpam-801	70	19	.	.	PUNCT
ejpam-801	71	1	other	other	ADJ
ejpam-801	71	2	approaches	approach	NOUN
ejpam-801	71	3	to	to	ADP
ejpam-801	71	4	this	this	DET
ejpam-801	71	5	problem	problem	NOUN
ejpam-801	71	6	include	include	VERB
ejpam-801	71	7	the	the	DET
ejpam-801	71	8	locally	locally	ADV
ejpam-801	71	9	stationary	stationary	ADJ
ejpam-801	71	10	arch	arch	NOUN
ejpam-801	71	11	model	model	NOUN
ejpam-801	71	12	by	by	ADP
ejpam-801	71	13	[	[	X
ejpam-801	71	14	11	11	NUM
ejpam-801	71	15	]	]	PUNCT
ejpam-801	71	16	,	,	PUNCT
ejpam-801	71	17	and	and	CCONJ
ejpam-801	71	18	the	the	DET
ejpam-801	71	19	globally	globally	ADV
ejpam-801	71	20	nonstationary	nonstationary	ADJ
ejpam-801	71	21	garch	garch	NOUN
ejpam-801	71	22	model	model	NOUN
ejpam-801	71	23	of	of	ADP
ejpam-801	71	24	which	which	PRON
ejpam-801	71	25	there	there	PRON
ejpam-801	71	26	exist	exist	VERB
ejpam-801	71	27	different	different	ADJ
ejpam-801	71	28	versions	version	NOUN
ejpam-801	71	29	,	,	PUNCT
ejpam-801	71	30	see	see	VERB
ejpam-801	71	31	[	[	X
ejpam-801	71	32	56	56	NUM
ejpam-801	71	33	,	,	PUNCT
ejpam-801	71	34	16	16	NUM
ejpam-801	71	35	,	,	PUNCT
ejpam-801	71	36	1	1	NUM
ejpam-801	71	37	,	,	PUNCT
ejpam-801	71	38	5	5	NUM
ejpam-801	71	39	]	]	PUNCT
ejpam-801	71	40	.	.	PUNCT
ejpam-801	72	1	in	in	ADP
ejpam-801	72	2	this	this	DET
ejpam-801	72	3	paper	paper	NOUN
ejpam-801	72	4	,	,	PUNCT
ejpam-801	72	5	this	this	DET
ejpam-801	72	6	slow	slow	ADJ
ejpam-801	72	7	decay	decay	NOUN
ejpam-801	72	8	is	be	AUX
ejpam-801	72	9	not	not	PART
ejpam-801	72	10	included	include	VERB
ejpam-801	72	11	among	among	ADP
ejpam-801	72	12	the	the	DET
ejpam-801	72	13	stylized	stylize	VERB
ejpam-801	72	14	facts	fact	NOUN
ejpam-801	72	15	under	under	ADP
ejpam-801	72	16	consideration	consideration	NOUN
ejpam-801	72	17	.	.	PUNCT
ejpam-801	73	1	in	in	ADP
ejpam-801	73	2	this	this	DET
ejpam-801	73	3	work	work	NOUN
ejpam-801	73	4	we	we	PRON
ejpam-801	73	5	concentrate	concentrate	VERB
ejpam-801	73	6	on	on	ADP
ejpam-801	73	7	weakly	weakly	ADJ
ejpam-801	73	8	stationary	stationary	ADJ
ejpam-801	73	9	garch	garch	NOUN
ejpam-801	73	10	models	model	NOUN
ejpam-801	73	11	and	and	CCONJ
ejpam-801	73	12	also	also	ADV
ejpam-801	73	13	exclude	exclude	VERB
ejpam-801	73	14	the	the	DET
ejpam-801	73	15	figarch	figarch	NOUN
ejpam-801	73	16	model	model	NOUN
ejpam-801	73	17	.	.	PUNCT
ejpam-801	74	1	to	to	PART
ejpam-801	74	2	illustrate	illustrate	VERB
ejpam-801	74	3	the	the	DET
ejpam-801	74	4	reason	reason	NOUN
ejpam-801	74	5	for	for	ADP
ejpam-801	74	6	this	this	DET
ejpam-801	74	7	exclusion	exclusion	NOUN
ejpam-801	74	8	,	,	PUNCT
ejpam-801	74	9	we	we	PRON
ejpam-801	74	10	split	split	VERB
ejpam-801	74	11	the	the	DET
ejpam-801	74	12	s&p	s&p	PROPN
ejpam-801	74	13	500	500	NUM
ejpam-801	74	14	return	return	NOUN
ejpam-801	74	15	series	series	NOUN
ejpam-801	74	16	into	into	ADP
ejpam-801	74	17	20	20	NUM
ejpam-801	74	18	subseries	subserie	NOUN
ejpam-801	74	19	of	of	ADP
ejpam-801	74	20	980	980	NUM
ejpam-801	74	21	observations	observation	NOUN
ejpam-801	74	22	each	each	PRON
ejpam-801	74	23	and	and	CCONJ
ejpam-801	74	24	estimate	estimate	VERB
ejpam-801	74	25	the	the	DET
ejpam-801	74	26	autocorrelations	autocorrelation	NOUN
ejpam-801	74	27	ρ	ρ	PROPN
ejpam-801	74	28	(	(	PUNCT
ejpam-801	74	29	|rt	|rt	NOUN
ejpam-801	74	30	|,|rt−	|,|rt−	NUM
ejpam-801	74	31	j|	j|	PROPN
ejpam-801	74	32	)	)	PUNCT
ejpam-801	74	33	,	,	PUNCT
ejpam-801	74	34	j	j	PROPN
ejpam-801	75	1	=	=	SYM
ejpam-801	75	2	1	1	NUM
ejpam-801	75	3	,	,	PUNCT
ejpam-801	75	4	...	...	PUNCT
ejpam-801	75	5	,	,	PUNCT
ejpam-801	75	6	500	500	NUM
ejpam-801	75	7	,	,	PUNCT
ejpam-801	75	8	for	for	ADP
ejpam-801	75	9	these	these	DET
ejpam-801	75	10	subseries	subserie	NOUN
ejpam-801	75	11	.	.	PUNCT
ejpam-801	76	1	the	the	DET
ejpam-801	76	2	lowest	low	ADJ
ejpam-801	76	3	panel	panel	NOUN
ejpam-801	76	4	of	of	ADP
ejpam-801	76	5	figure	figure	NOUN
ejpam-801	76	6	1	1	NUM
ejpam-801	76	7	contains	contain	VERB
ejpam-801	76	8	these	these	DET
ejpam-801	76	9	autocorrelations	autocorrelation	NOUN
ejpam-801	76	10	for	for	ADP
ejpam-801	76	11	the	the	DET
ejpam-801	76	12	whole	whole	ADJ
ejpam-801	76	13	h.	h.	NOUN
ejpam-801	76	14	malmsten	malmsten	PROPN
ejpam-801	76	15	and	and	CCONJ
ejpam-801	76	16	t.	t.	PROPN
ejpam-801	76	17	teräsvirta	teräsvirta	PROPN
ejpam-801	76	18	/	/	SYM
ejpam-801	76	19	eur	eur	PROPN
ejpam-801	76	20	.	.	PUNCT
ejpam-801	77	1	j.	j.	PROPN
ejpam-801	77	2	pure	pure	PROPN
ejpam-801	77	3	appl	appl	PROPN
ejpam-801	77	4	.	.	PROPN
ejpam-801	77	5	math	math	PROPN
ejpam-801	77	6	,	,	PUNCT
ejpam-801	77	7	3	3	NUM
ejpam-801	77	8	(	(	PUNCT
ejpam-801	77	9	2010	2010	NUM
ejpam-801	77	10	)	)	PUNCT
ejpam-801	77	11	,	,	PUNCT
ejpam-801	77	12	443	443	NUM
ejpam-801	77	13	-	-	SYM
ejpam-801	77	14	477	477	NUM
ejpam-801	77	15	446	446	NUM
ejpam-801	77	16	series	series	NOUN
ejpam-801	77	17	and	and	CCONJ
ejpam-801	77	18	the	the	DET
ejpam-801	77	19	mean	mean	NOUN
ejpam-801	77	20	of	of	ADP
ejpam-801	77	21	the	the	DET
ejpam-801	77	22	corresponding	corresponding	ADJ
ejpam-801	77	23	autocorrelations	autocorrelation	NOUN
ejpam-801	77	24	of	of	ADP
ejpam-801	77	25	the	the	DET
ejpam-801	77	26	20	20	NUM
ejpam-801	77	27	subseries	subserie	NOUN
ejpam-801	77	28	together	together	ADV
ejpam-801	77	29	with	with	ADP
ejpam-801	77	30	the	the	DET
ejpam-801	77	31	plus	plus	NOUN
ejpam-801	77	32	/	/	SYM
ejpam-801	77	33	minus	minus	CCONJ
ejpam-801	77	34	one	one	NUM
ejpam-801	77	35	standard	standard	ADJ
ejpam-801	77	36	deviation	deviation	NOUN
ejpam-801	77	37	band	band	NOUN
ejpam-801	77	38	.	.	PUNCT
ejpam-801	78	1	it	it	PRON
ejpam-801	78	2	is	be	AUX
ejpam-801	78	3	seen	see	VERB
ejpam-801	78	4	that	that	SCONJ
ejpam-801	78	5	the	the	DET
ejpam-801	78	6	decay	decay	NOUN
ejpam-801	78	7	of	of	ADP
ejpam-801	78	8	autocorrelations	autocorrelation	NOUN
ejpam-801	78	9	in	in	ADP
ejpam-801	78	10	the	the	DET
ejpam-801	78	11	subseries	subserie	NOUN
ejpam-801	78	12	on	on	ADP
ejpam-801	78	13	the	the	DET
ejpam-801	78	14	average	average	NOUN
ejpam-801	78	15	is	be	AUX
ejpam-801	78	16	substantially	substantially	ADV
ejpam-801	78	17	faster	fast	ADJ
ejpam-801	78	18	than	than	ADP
ejpam-801	78	19	in	in	ADP
ejpam-801	78	20	the	the	DET
ejpam-801	78	21	original	original	ADJ
ejpam-801	78	22	series	series	NOUN
ejpam-801	78	23	and	and	CCONJ
ejpam-801	78	24	roughly	roughly	ADV
ejpam-801	78	25	exponential	exponential	ADJ
ejpam-801	78	26	.	.	PUNCT
ejpam-801	79	1	this	this	DET
ejpam-801	79	2	lack	lack	NOUN
ejpam-801	79	3	of	of	ADP
ejpam-801	79	4	self	self	NOUN
ejpam-801	79	5	-	-	PUNCT
ejpam-801	79	6	similarity	similarity	NOUN
ejpam-801	79	7	in	in	ADP
ejpam-801	79	8	autocorrelations	autocorrelation	NOUN
ejpam-801	79	9	can	can	AUX
ejpam-801	79	10	be	be	AUX
ejpam-801	79	11	taken	take	VERB
ejpam-801	79	12	as	as	ADP
ejpam-801	79	13	evidence	evidence	NOUN
ejpam-801	79	14	against	against	ADP
ejpam-801	79	15	the	the	DET
ejpam-801	79	16	figarch	figarch	NOUN
ejpam-801	79	17	model	model	NOUN
ejpam-801	79	18	in	in	ADP
ejpam-801	79	19	this	this	DET
ejpam-801	79	20	particular	particular	ADJ
ejpam-801	79	21	case	case	NOUN
ejpam-801	79	22	,	,	PUNCT
ejpam-801	79	23	but	but	CCONJ
ejpam-801	79	24	that	that	PRON
ejpam-801	79	25	is	be	AUX
ejpam-801	79	26	beside	beside	ADP
ejpam-801	79	27	the	the	DET
ejpam-801	79	28	point	point	NOUN
ejpam-801	79	29	.	.	PUNCT
ejpam-801	80	1	(	(	PUNCT
ejpam-801	80	2	for	for	ADP
ejpam-801	80	3	more	more	ADJ
ejpam-801	80	4	discussion	discussion	NOUN
ejpam-801	80	5	,	,	PUNCT
ejpam-801	80	6	see	see	VERB
ejpam-801	80	7	[	[	X
ejpam-801	80	8	41	41	NUM
ejpam-801	80	9	]	]	PUNCT
ejpam-801	80	10	)	)	PUNCT
ejpam-801	80	11	.	.	PUNCT
ejpam-801	81	1	we	we	PRON
ejpam-801	81	2	merely	merely	ADV
ejpam-801	81	3	want	want	VERB
ejpam-801	81	4	to	to	PART
ejpam-801	81	5	argue	argue	VERB
ejpam-801	81	6	that	that	SCONJ
ejpam-801	81	7	the	the	DET
ejpam-801	81	8	very	very	ADV
ejpam-801	81	9	slow	slow	ADJ
ejpam-801	81	10	decay	decay	NOUN
ejpam-801	81	11	rate	rate	NOUN
ejpam-801	81	12	of	of	ADP
ejpam-801	81	13	the	the	DET
ejpam-801	81	14	autocorrelations	autocorrelation	NOUN
ejpam-801	81	15	of	of	ADP
ejpam-801	81	16	|rt	|rt	NOUN
ejpam-801	81	17	|	|	ADV
ejpam-801	81	18	or	or	CCONJ
ejpam-801	81	19	r2	r2	PROPN
ejpam-801	81	20	t	t	PROPN
ejpam-801	81	21	may	may	AUX
ejpam-801	81	22	not	not	PART
ejpam-801	81	23	necessarily	necessarily	ADV
ejpam-801	81	24	be	be	AUX
ejpam-801	81	25	a	a	DET
ejpam-801	81	26	feature	feature	NOUN
ejpam-801	81	27	typical	typical	ADJ
ejpam-801	81	28	of	of	ADP
ejpam-801	81	29	series	series	NOUN
ejpam-801	81	30	with	with	ADP
ejpam-801	81	31	a	a	DET
ejpam-801	81	32	couple	couple	NOUN
ejpam-801	81	33	of	of	ADP
ejpam-801	81	34	thousand	thousand	NUM
ejpam-801	81	35	observations	observation	NOUN
ejpam-801	81	36	.	.	PUNCT
ejpam-801	82	1	because	because	SCONJ
ejpam-801	82	2	such	such	ADJ
ejpam-801	82	3	series	series	NOUN
ejpam-801	82	4	are	be	AUX
ejpam-801	82	5	most	most	ADV
ejpam-801	82	6	often	often	ADV
ejpam-801	82	7	modelled	model	VERB
ejpam-801	82	8	by	by	ADP
ejpam-801	82	9	one	one	NUM
ejpam-801	82	10	of	of	ADP
ejpam-801	82	11	the	the	DET
ejpam-801	82	12	standard	standard	ADJ
ejpam-801	82	13	models	model	NOUN
ejpam-801	82	14	of	of	ADP
ejpam-801	82	15	interest	interest	NOUN
ejpam-801	82	16	in	in	ADP
ejpam-801	82	17	this	this	DET
ejpam-801	82	18	study	study	NOUN
ejpam-801	82	19	,	,	PUNCT
ejpam-801	82	20	we	we	PRON
ejpam-801	82	21	do	do	AUX
ejpam-801	82	22	not	not	PART
ejpam-801	82	23	consider	consider	VERB
ejpam-801	82	24	a	a	DET
ejpam-801	82	25	very	very	ADV
ejpam-801	82	26	slow	slow	ADJ
ejpam-801	82	27	decay	decay	NOUN
ejpam-801	82	28	rate	rate	NOUN
ejpam-801	82	29	of	of	ADP
ejpam-801	82	30	autocorrelations	autocorrelation	NOUN
ejpam-801	82	31	a	a	DET
ejpam-801	82	32	stylized	stylize	VERB
ejpam-801	82	33	fact	fact	NOUN
ejpam-801	82	34	in	in	ADP
ejpam-801	82	35	our	our	PRON
ejpam-801	82	36	discussion	discussion	NOUN
ejpam-801	82	37	.	.	PUNCT
ejpam-801	83	1	3	3	X
ejpam-801	83	2	.	.	X
ejpam-801	83	3	the	the	DET
ejpam-801	83	4	models	model	NOUN
ejpam-801	83	5	and	and	CCONJ
ejpam-801	83	6	their	their	PRON
ejpam-801	83	7	fourth	fourth	ADJ
ejpam-801	83	8	-	-	PUNCT
ejpam-801	83	9	moment	moment	NOUN
ejpam-801	83	10	structure	structure	NOUN
ejpam-801	83	11	3.1	3.1	NUM
ejpam-801	83	12	.	.	PUNCT
ejpam-801	83	13	garch	garch	NOUN
ejpam-801	83	14	model	model	NOUN
ejpam-801	83	15	suppose	suppose	VERB
ejpam-801	83	16	an	an	DET
ejpam-801	83	17	error	error	NOUN
ejpam-801	83	18	term	term	NOUN
ejpam-801	83	19	or	or	CCONJ
ejpam-801	83	20	an	an	DET
ejpam-801	83	21	observable	observable	ADJ
ejpam-801	83	22	variable	variable	NOUN
ejpam-801	83	23	can	can	AUX
ejpam-801	83	24	be	be	AUX
ejpam-801	83	25	decomposed	decompose	VERB
ejpam-801	83	26	as	as	SCONJ
ejpam-801	83	27	follows	follow	VERB
ejpam-801	83	28	:	:	PUNCT
ejpam-801	83	29	ǫt	ǫt	NUM
ejpam-801	83	30	=	=	PUNCT
ejpam-801	83	31	zth	zth	PROPN
ejpam-801	83	32	1/2	1/2	NUM
ejpam-801	83	33	t	t	NOUN
ejpam-801	83	34	(	(	PUNCT
ejpam-801	83	35	1	1	NUM
ejpam-801	83	36	)	)	PUNCT
ejpam-801	83	37	where	where	SCONJ
ejpam-801	83	38	{	{	PUNCT
ejpam-801	83	39	zt	zt	PROPN
ejpam-801	83	40	}	}	PUNCT
ejpam-801	83	41	is	be	AUX
ejpam-801	83	42	a	a	DET
ejpam-801	83	43	sequence	sequence	NOUN
ejpam-801	83	44	of	of	ADP
ejpam-801	83	45	independent	independent	ADJ
ejpam-801	83	46	identically	identically	ADV
ejpam-801	83	47	distributed	distribute	VERB
ejpam-801	83	48	random	random	ADJ
ejpam-801	83	49	variables	variable	NOUN
ejpam-801	83	50	with	with	ADP
ejpam-801	83	51	zero	zero	NUM
ejpam-801	83	52	mean	mean	NOUN
ejpam-801	83	53	and	and	CCONJ
ejpam-801	83	54	finite	finite	ADJ
ejpam-801	83	55	variance	variance	NOUN
ejpam-801	83	56	.	.	PUNCT
ejpam-801	84	1	furthermore	furthermore	ADV
ejpam-801	84	2	,	,	PUNCT
ejpam-801	84	3	assume	assume	VERB
ejpam-801	84	4	that	that	SCONJ
ejpam-801	84	5	ht	ht	PROPN
ejpam-801	84	6	=	=	SYM
ejpam-801	84	7	α0	α0	PROPN
ejpam-801	85	1	+	+	CCONJ
ejpam-801	85	2	q∑	q∑	PROPN
ejpam-801	85	3	j=1	j=1	ADJ
ejpam-801	85	4	α	α	PROPN
ejpam-801	85	5	jǫ	jǫ	VERB
ejpam-801	85	6	2	2	NUM
ejpam-801	85	7	t−	t−	PROPN
ejpam-801	85	8	j	j	PROPN
ejpam-801	86	1	+	+	NUM
ejpam-801	86	2	p∑	p∑	NOUN
ejpam-801	87	1	j=1	j=1	NOUN
ejpam-801	87	2	β	β	PROPN
ejpam-801	87	3	jht−	jht−	PROPN
ejpam-801	87	4	j	j	PROPN
ejpam-801	87	5	.	.	PUNCT
ejpam-801	88	1	(	(	PUNCT
ejpam-801	88	2	2	2	X
ejpam-801	88	3	)	)	PUNCT
ejpam-801	88	4	equations	equation	NOUN
ejpam-801	88	5	(	(	PUNCT
ejpam-801	88	6	1	1	NUM
ejpam-801	88	7	)	)	PUNCT
ejpam-801	88	8	and	and	CCONJ
ejpam-801	88	9	(	(	PUNCT
ejpam-801	88	10	2	2	X
ejpam-801	88	11	)	)	PUNCT
ejpam-801	88	12	define	define	VERB
ejpam-801	88	13	the	the	DET
ejpam-801	88	14	standard	standard	ADJ
ejpam-801	88	15	garch(p	garch(p	PROPN
ejpam-801	88	16	,	,	PUNCT
ejpam-801	88	17	q	q	NOUN
ejpam-801	88	18	)	)	PUNCT
ejpam-801	88	19	model	model	NOUN
ejpam-801	88	20	of	of	ADP
ejpam-801	88	21	[	[	X
ejpam-801	88	22	7	7	NUM
ejpam-801	88	23	]	]	PUNCT
ejpam-801	88	24	.	.	PUNCT
ejpam-801	89	1	parameter	parameter	PROPN
ejpam-801	89	2	restrictions	restriction	NOUN
ejpam-801	89	3	are	be	AUX
ejpam-801	89	4	required	require	VERB
ejpam-801	89	5	to	to	PART
ejpam-801	89	6	ensure	ensure	VERB
ejpam-801	89	7	positiveness	positiveness	NOUN
ejpam-801	89	8	of	of	ADP
ejpam-801	89	9	the	the	DET
ejpam-801	89	10	conditional	conditional	ADJ
ejpam-801	89	11	variance	variance	NOUN
ejpam-801	89	12	ht	ht	PROPN
ejpam-801	89	13	in	in	ADP
ejpam-801	89	14	(	(	PUNCT
ejpam-801	89	15	2	2	NUM
ejpam-801	89	16	)	)	PUNCT
ejpam-801	89	17	.	.	PUNCT
ejpam-801	90	1	assuming	assume	VERB
ejpam-801	90	2	α	α	PRON
ejpam-801	90	3	j	j	PROPN
ejpam-801	90	4	¾	¾	PROPN
ejpam-801	90	5	0	0	PROPN
ejpam-801	90	6	,	,	PUNCT
ejpam-801	90	7	j	j	PROPN
ejpam-801	90	8	=	=	SYM
ejpam-801	90	9	1	1	NUM
ejpam-801	90	10	,	,	PUNCT
ejpam-801	90	11	...	...	PUNCT
ejpam-801	90	12	,	,	PUNCT
ejpam-801	90	13	q	q	X
ejpam-801	90	14	,	,	PUNCT
ejpam-801	90	15	and	and	CCONJ
ejpam-801	90	16	β	β	X
ejpam-801	90	17	j	j	PROPN
ejpam-801	90	18	¾	¾	PROPN
ejpam-801	90	19	0	0	PROPN
ejpam-801	90	20	,	,	PUNCT
ejpam-801	90	21	j	j	PROPN
ejpam-801	90	22	=	=	SYM
ejpam-801	90	23	1	1	NUM
ejpam-801	90	24	,	,	PUNCT
ejpam-801	90	25	...	...	PUNCT
ejpam-801	90	26	,	,	PUNCT
ejpam-801	90	27	p	p	X
ejpam-801	90	28	,	,	PUNCT
ejpam-801	90	29	is	be	AUX
ejpam-801	90	30	sufficient	sufficient	ADJ
ejpam-801	90	31	for	for	ADP
ejpam-801	90	32	this	this	PRON
ejpam-801	90	33	.	.	PUNCT
ejpam-801	91	1	the	the	DET
ejpam-801	91	2	garch	garch	NOUN
ejpam-801	91	3	model	model	NOUN
ejpam-801	91	4	has	have	AUX
ejpam-801	91	5	since	since	SCONJ
ejpam-801	91	6	its	its	PRON
ejpam-801	91	7	introduction	introduction	NOUN
ejpam-801	91	8	been	be	AUX
ejpam-801	91	9	generalized	generalize	VERB
ejpam-801	91	10	in	in	ADP
ejpam-801	91	11	various	various	ADJ
ejpam-801	91	12	directions	direction	NOUN
ejpam-801	91	13	,	,	PUNCT
ejpam-801	91	14	see	see	VERB
ejpam-801	91	15	[	[	X
ejpam-801	91	16	52	52	NUM
ejpam-801	91	17	]	]	PUNCT
ejpam-801	91	18	for	for	ADP
ejpam-801	91	19	a	a	DET
ejpam-801	91	20	recent	recent	ADJ
ejpam-801	91	21	survey	survey	NOUN
ejpam-801	91	22	.	.	PUNCT
ejpam-801	92	1	both	both	PRON
ejpam-801	92	2	necessary	necessary	ADJ
ejpam-801	92	3	and	and	CCONJ
ejpam-801	92	4	sufficient	sufficient	ADJ
ejpam-801	92	5	conditions	condition	NOUN
ejpam-801	92	6	were	be	AUX
ejpam-801	92	7	derived	derive	VERB
ejpam-801	92	8	by	by	ADP
ejpam-801	92	9	[	[	X
ejpam-801	92	10	43	43	NUM
ejpam-801	92	11	]	]	PUNCT
ejpam-801	92	12	.	.	PUNCT
ejpam-801	93	1	in	in	ADP
ejpam-801	93	2	this	this	DET
ejpam-801	93	3	paper	paper	NOUN
ejpam-801	93	4	we	we	PRON
ejpam-801	93	5	shall	shall	AUX
ejpam-801	93	6	concentrate	concentrate	VERB
ejpam-801	93	7	on	on	ADP
ejpam-801	93	8	(	(	PUNCT
ejpam-801	93	9	1	1	NUM
ejpam-801	93	10	)	)	PUNCT
ejpam-801	93	11	with	with	ADP
ejpam-801	93	12	(	(	PUNCT
ejpam-801	93	13	2	2	X
ejpam-801	93	14	)	)	PUNCT
ejpam-801	93	15	assuming	assume	VERB
ejpam-801	93	16	p	p	X
ejpam-801	93	17	=	=	X
ejpam-801	93	18	q	q	NOUN
ejpam-801	93	19	=	=	NOUN
ejpam-801	93	20	1	1	X
ejpam-801	93	21	.	.	PUNCT
ejpam-801	94	1	this	this	PRON
ejpam-801	94	2	is	be	AUX
ejpam-801	94	3	done	do	VERB
ejpam-801	94	4	for	for	ADP
ejpam-801	94	5	two	two	NUM
ejpam-801	94	6	reasons	reason	NOUN
ejpam-801	94	7	.	.	PUNCT
ejpam-801	95	1	first	first	ADV
ejpam-801	95	2	,	,	PUNCT
ejpam-801	95	3	the	the	DET
ejpam-801	95	4	garch(1,1	garch(1,1	NOUN
ejpam-801	95	5	)	)	PUNCT
ejpam-801	95	6	model	model	NOUN
ejpam-801	95	7	is	be	AUX
ejpam-801	95	8	by	by	ADP
ejpam-801	95	9	far	far	ADV
ejpam-801	95	10	the	the	DET
ejpam-801	95	11	most	most	ADV
ejpam-801	95	12	frequently	frequently	ADV
ejpam-801	95	13	applied	apply	VERB
ejpam-801	95	14	garch	garch	NOUN
ejpam-801	95	15	specification	specification	NOUN
ejpam-801	95	16	.	.	PUNCT
ejpam-801	96	1	second	second	ADJ
ejpam-801	96	2	,	,	PUNCT
ejpam-801	96	3	we	we	PRON
ejpam-801	96	4	want	want	VERB
ejpam-801	96	5	to	to	PART
ejpam-801	96	6	keep	keep	VERB
ejpam-801	96	7	our	our	PRON
ejpam-801	96	8	considerations	consideration	NOUN
ejpam-801	96	9	simple	simple	ADJ
ejpam-801	96	10	.	.	PUNCT
ejpam-801	97	1	the	the	DET
ejpam-801	97	2	garch(1,1	garch(1,1	NOUN
ejpam-801	97	3	)	)	PUNCT
ejpam-801	97	4	model	model	NOUN
ejpam-801	97	5	is	be	AUX
ejpam-801	97	6	covariance	covariance	NOUN
ejpam-801	97	7	stationary	stationary	ADJ
ejpam-801	97	8	if	if	SCONJ
ejpam-801	97	9	α1ν2	α1ν2	PRON
ejpam-801	97	10	+	+	CCONJ
ejpam-801	97	11	β1	β1	X
ejpam-801	97	12	<	<	X
ejpam-801	97	13	1	1	NUM
ejpam-801	97	14	(	(	PUNCT
ejpam-801	97	15	3	3	NUM
ejpam-801	97	16	)	)	PUNCT
ejpam-801	97	17	where	where	SCONJ
ejpam-801	97	18	ν2	ν2	NOUN
ejpam-801	97	19	=	=	SYM
ejpam-801	97	20	ez2	ez2	NOUN
ejpam-801	97	21	t	t	NOUN
ejpam-801	97	22	<	<	X
ejpam-801	97	23	∞.	∞.	PROPN
ejpam-801	97	24	for	for	ADP
ejpam-801	97	25	the	the	DET
ejpam-801	97	26	discussion	discussion	NOUN
ejpam-801	97	27	of	of	ADP
ejpam-801	97	28	stylized	stylize	VERB
ejpam-801	97	29	facts	fact	NOUN
ejpam-801	97	30	we	we	PRON
ejpam-801	97	31	need	need	VERB
ejpam-801	97	32	moment	moment	NOUN
ejpam-801	97	33	condition	condition	NOUN
ejpam-801	97	34	and	and	CCONJ
ejpam-801	97	35	fourth	fourth	ADJ
ejpam-801	97	36	moments	moment	NOUN
ejpam-801	97	37	of	of	ADP
ejpam-801	97	38	{	{	PUNCT
ejpam-801	97	39	ǫt	ǫt	PROPN
ejpam-801	97	40	}	}	PUNCT
ejpam-801	97	41	.	.	PUNCT
ejpam-801	98	1	assuming	assume	VERB
ejpam-801	98	2	ν4	ν4	PROPN
ejpam-801	98	3	=	=	SYM
ejpam-801	98	4	ez4	ez4	PROPN
ejpam-801	98	5	t	t	NOUN
ejpam-801	98	6	<	<	X
ejpam-801	98	7	∞	∞	PROPN
ejpam-801	98	8	,	,	PUNCT
ejpam-801	98	9	the	the	DET
ejpam-801	98	10	unconditional	unconditional	ADJ
ejpam-801	98	11	fourth	fourth	ADJ
ejpam-801	98	12	moment	moment	NOUN
ejpam-801	98	13	for	for	ADP
ejpam-801	98	14	the	the	DET
ejpam-801	98	15	garch(1,1	garch(1,1	NOUN
ejpam-801	98	16	)	)	PUNCT
ejpam-801	98	17	model	model	NOUN
ejpam-801	98	18	exists	exist	VERB
ejpam-801	98	19	if	if	SCONJ
ejpam-801	98	20	and	and	CCONJ
ejpam-801	98	21	only	only	ADV
ejpam-801	98	22	if	if	SCONJ
ejpam-801	98	23	α2	α2	PROPN
ejpam-801	98	24	1ν4	1ν4	NUM
ejpam-801	98	25	+	+	CCONJ
ejpam-801	99	1	2α1β1ν2	2α1β1ν2	NUM
ejpam-801	99	2	+	+	NUM
ejpam-801	99	3	β	β	NOUN
ejpam-801	99	4	2	2	NUM
ejpam-801	99	5	1	1	NUM
ejpam-801	99	6	<	<	X
ejpam-801	99	7	1	1	NUM
ejpam-801	99	8	.	.	PUNCT
ejpam-801	99	9	(	(	PUNCT
ejpam-801	99	10	4	4	NUM
ejpam-801	99	11	)	)	PUNCT
ejpam-801	99	12	under	under	ADP
ejpam-801	99	13	(	(	PUNCT
ejpam-801	99	14	4	4	X
ejpam-801	99	15	)	)	PUNCT
ejpam-801	99	16	the	the	DET
ejpam-801	99	17	kurtosis	kurtosis	NOUN
ejpam-801	99	18	of	of	ADP
ejpam-801	99	19	ǫt	ǫt	PROPN
ejpam-801	99	20	equals	equal	VERB
ejpam-801	99	21	κ4	κ4	NOUN
ejpam-801	99	22	=	=	SYM
ejpam-801	99	23	κ4(zt){1−	κ4(zt){1−	X
ejpam-801	99	24	(	(	PUNCT
ejpam-801	99	25	α1ν2	α1ν2	NOUN
ejpam-801	99	26	+	+	X
ejpam-801	99	27	β1	β1	NOUN
ejpam-801	99	28	)	)	PUNCT
ejpam-801	99	29	2	2	NUM
ejpam-801	99	30	}	}	PUNCT
ejpam-801	99	31	1−	1−	NUM
ejpam-801	99	32	(	(	PUNCT
ejpam-801	99	33	α2	α2	NOUN
ejpam-801	99	34	1ν4	1ν4	NUM
ejpam-801	99	35	+	+	CCONJ
ejpam-801	99	36	2α1β1ν2	2α1β1ν2	NUM
ejpam-801	99	37	+	+	NUM
ejpam-801	99	38	β	β	NUM
ejpam-801	99	39	2	2	NUM
ejpam-801	99	40	1	1	NUM
ejpam-801	99	41	)	)	PUNCT
ejpam-801	99	42	(	(	PUNCT
ejpam-801	99	43	5	5	X
ejpam-801	99	44	)	)	PUNCT
ejpam-801	99	45	h.	h.	NOUN
ejpam-801	99	46	malmsten	malmsten	PROPN
ejpam-801	99	47	and	and	CCONJ
ejpam-801	99	48	t.	t.	PROPN
ejpam-801	99	49	teräsvirta	teräsvirta	PROPN
ejpam-801	99	50	/	/	SYM
ejpam-801	99	51	eur	eur	PROPN
ejpam-801	99	52	.	.	PUNCT
ejpam-801	100	1	j.	j.	PROPN
ejpam-801	100	2	pure	pure	PROPN
ejpam-801	100	3	appl	appl	PROPN
ejpam-801	100	4	.	.	PROPN
ejpam-801	100	5	math	math	PROPN
ejpam-801	100	6	,	,	PUNCT
ejpam-801	100	7	3	3	NUM
ejpam-801	100	8	(	(	PUNCT
ejpam-801	100	9	2010	2010	NUM
ejpam-801	100	10	)	)	PUNCT
ejpam-801	100	11	,	,	PUNCT
ejpam-801	100	12	443	443	NUM
ejpam-801	100	13	-	-	SYM
ejpam-801	100	14	477	477	NUM
ejpam-801	100	15	447	447	NUM
ejpam-801	100	16	where	where	SCONJ
ejpam-801	100	17	κ4(zt	κ4(zt	NOUN
ejpam-801	100	18	)	)	PUNCT
ejpam-801	100	19	=	=	SYM
ejpam-801	100	20	ν4	ν4	PROPN
ejpam-801	100	21	/	/	SYM
ejpam-801	100	22	ν	ν	NOUN
ejpam-801	100	23	2	2	NUM
ejpam-801	100	24	2	2	NUM
ejpam-801	100	25	is	be	AUX
ejpam-801	100	26	the	the	DET
ejpam-801	100	27	kurtosis	kurtosis	NOUN
ejpam-801	100	28	of	of	ADP
ejpam-801	100	29	zt	zt	PROPN
ejpam-801	100	30	.	.	PUNCT
ejpam-801	101	1	assuming	assume	VERB
ejpam-801	101	2	normality	normality	NOUN
ejpam-801	101	3	,	,	PUNCT
ejpam-801	101	4	one	one	PRON
ejpam-801	101	5	obtains	obtain	VERB
ejpam-801	101	6	the	the	DET
ejpam-801	101	7	following	follow	VERB
ejpam-801	101	8	well	well	ADV
ejpam-801	101	9	-	-	PUNCT
ejpam-801	101	10	known	know	VERB
ejpam-801	101	11	result	result	NOUN
ejpam-801	101	12	:	:	PUNCT
ejpam-801	101	13	κ4	κ4	NOUN
ejpam-801	101	14	=	=	SYM
ejpam-801	101	15	3	3	NUM
ejpam-801	101	16	1−	1−	NUM
ejpam-801	101	17	(	(	PUNCT
ejpam-801	101	18	α1	α1	PROPN
ejpam-801	101	19	+	+	CCONJ
ejpam-801	101	20	β1	β1	NOUN
ejpam-801	101	21	)	)	PUNCT
ejpam-801	101	22	2	2	NUM
ejpam-801	101	23	1−	1−	NUM
ejpam-801	101	24	(	(	PUNCT
ejpam-801	101	25	3α2	3α2	NUM
ejpam-801	101	26	1	1	NUM
ejpam-801	101	27	+	+	NUM
ejpam-801	101	28	2α1β1	2α1β1	NUM
ejpam-801	101	29	+	+	CCONJ
ejpam-801	101	30	β	β	X
ejpam-801	101	31	2	2	NUM
ejpam-801	101	32	1	1	NUM
ejpam-801	101	33	)	)	PUNCT
ejpam-801	101	34	>	>	X
ejpam-801	101	35	3	3	X
ejpam-801	101	36	.	.	PUNCT
ejpam-801	101	37	(	(	PUNCT
ejpam-801	101	38	6	6	NUM
ejpam-801	101	39	)	)	PUNCT
ejpam-801	101	40	furthermore	furthermore	ADV
ejpam-801	101	41	,	,	PUNCT
ejpam-801	101	42	when	when	SCONJ
ejpam-801	101	43	(	(	PUNCT
ejpam-801	101	44	4	4	X
ejpam-801	101	45	)	)	PUNCT
ejpam-801	101	46	holds	hold	VERB
ejpam-801	101	47	,	,	PUNCT
ejpam-801	101	48	the	the	DET
ejpam-801	101	49	autocorrelation	autocorrelation	NOUN
ejpam-801	101	50	function	function	NOUN
ejpam-801	101	51	of	of	ADP
ejpam-801	101	52	{	{	PUNCT
ejpam-801	101	53	ǫ2	ǫ2	PROPN
ejpam-801	101	54	t	t	PROPN
ejpam-801	101	55	}	}	PUNCT
ejpam-801	101	56	is	be	AUX
ejpam-801	101	57	defined	define	VERB
ejpam-801	101	58	as	as	SCONJ
ejpam-801	101	59	follows	follow	VERB
ejpam-801	101	60	:	:	PUNCT
ejpam-801	101	61	ρn	ρn	ADP
ejpam-801	101	62	=	=	PRON
ejpam-801	101	63	(	(	PUNCT
ejpam-801	101	64	α1ν2	α1ν2	X
ejpam-801	101	65	+	+	CCONJ
ejpam-801	101	66	β1	β1	NOUN
ejpam-801	101	67	)	)	PUNCT
ejpam-801	101	68	n−1α1ν2(1−	n−1α1ν2(1−	VERB
ejpam-801	101	69	β	β	NOUN
ejpam-801	101	70	2	2	NUM
ejpam-801	101	71	1	1	NUM
ejpam-801	101	72	−	−	PROPN
ejpam-801	101	73	β1α1ν2	β1α1ν2	PROPN
ejpam-801	101	74	)	)	PUNCT
ejpam-801	101	75	1−	1−	NUM
ejpam-801	102	1	β2	β2	VERB
ejpam-801	102	2	1	1	NUM
ejpam-801	102	3	−	−	PROPN
ejpam-801	102	4	2β1α1ν2	2β1α1ν2	NUM
ejpam-801	102	5	n≥	n≥	PROPN
ejpam-801	102	6	1	1	NUM
ejpam-801	102	7	.	.	PUNCT
ejpam-801	103	1	(	(	PUNCT
ejpam-801	103	2	7	7	X
ejpam-801	103	3	)	)	PUNCT
ejpam-801	103	4	the	the	DET
ejpam-801	103	5	autocorrelation	autocorrelation	NOUN
ejpam-801	103	6	function	function	NOUN
ejpam-801	103	7	of	of	ADP
ejpam-801	103	8	{	{	PUNCT
ejpam-801	103	9	ǫ2	ǫ2	PROPN
ejpam-801	103	10	t	t	PROPN
ejpam-801	103	11	}	}	PUNCT
ejpam-801	103	12	is	be	AUX
ejpam-801	103	13	dominated	dominate	VERB
ejpam-801	103	14	by	by	ADP
ejpam-801	103	15	an	an	DET
ejpam-801	103	16	exponential	exponential	ADJ
ejpam-801	103	17	decay	decay	NOUN
ejpam-801	103	18	from	from	ADP
ejpam-801	103	19	the	the	DET
ejpam-801	103	20	first	first	ADJ
ejpam-801	103	21	lag	lag	NOUN
ejpam-801	103	22	with	with	ADP
ejpam-801	103	23	decay	decay	NOUN
ejpam-801	103	24	rate	rate	NOUN
ejpam-801	103	25	α1ν2+β1	α1ν2+β1	NOUN
ejpam-801	103	26	.	.	PUNCT
ejpam-801	104	1	setting	set	VERB
ejpam-801	104	2	ν2	ν2	NOUN
ejpam-801	104	3	=	=	SYM
ejpam-801	104	4	1	1	NUM
ejpam-801	104	5	and	and	CCONJ
ejpam-801	104	6	ν4	ν4	PROPN
ejpam-801	104	7	=	=	PROPN
ejpam-801	104	8	3	3	NUM
ejpam-801	104	9	(	(	PUNCT
ejpam-801	104	10	normality	normality	NOUN
ejpam-801	104	11	)	)	PUNCT
ejpam-801	104	12	in	in	ADP
ejpam-801	104	13	(	(	PUNCT
ejpam-801	104	14	7	7	X
ejpam-801	104	15	)	)	PUNCT
ejpam-801	104	16	gives	give	VERB
ejpam-801	104	17	the	the	DET
ejpam-801	104	18	result	result	NOUN
ejpam-801	104	19	in	in	ADP
ejpam-801	104	20	[	[	X
ejpam-801	104	21	6	6	NUM
ejpam-801	104	22	]	]	PUNCT
ejpam-801	104	23	.	.	PUNCT
ejpam-801	105	1	note	note	VERB
ejpam-801	105	2	that	that	SCONJ
ejpam-801	105	3	the	the	DET
ejpam-801	105	4	existence	existence	NOUN
ejpam-801	105	5	of	of	ADP
ejpam-801	105	6	the	the	DET
ejpam-801	105	7	autocorrelation	autocorrelation	NOUN
ejpam-801	105	8	function	function	NOUN
ejpam-801	105	9	does	do	AUX
ejpam-801	105	10	depend	depend	VERB
ejpam-801	105	11	on	on	ADP
ejpam-801	105	12	the	the	DET
ejpam-801	105	13	existence	existence	NOUN
ejpam-801	105	14	of	of	ADP
ejpam-801	105	15	ν4	ν4	PROPN
ejpam-801	105	16	although	although	SCONJ
ejpam-801	105	17	(	(	PUNCT
ejpam-801	105	18	7	7	X
ejpam-801	105	19	)	)	PUNCT
ejpam-801	105	20	is	be	AUX
ejpam-801	105	21	not	not	PART
ejpam-801	105	22	a	a	DET
ejpam-801	105	23	function	function	NOUN
ejpam-801	105	24	of	of	ADP
ejpam-801	105	25	ν4	ν4	PROPN
ejpam-801	105	26	.	.	PUNCT
ejpam-801	106	1	the	the	DET
ejpam-801	106	2	necessary	necessary	ADJ
ejpam-801	106	3	and	and	CCONJ
ejpam-801	106	4	sufficient	sufficient	ADJ
ejpam-801	106	5	conditions	condition	NOUN
ejpam-801	106	6	for	for	ADP
ejpam-801	106	7	the	the	DET
ejpam-801	106	8	existence	existence	NOUN
ejpam-801	106	9	of	of	ADP
ejpam-801	106	10	the	the	DET
ejpam-801	106	11	unconditional	unconditional	ADJ
ejpam-801	106	12	fourth	fourth	ADJ
ejpam-801	106	13	moments	moment	NOUN
ejpam-801	106	14	of	of	ADP
ejpam-801	106	15	the	the	DET
ejpam-801	106	16	garch(p	garch(p	PROPN
ejpam-801	106	17	,	,	PUNCT
ejpam-801	106	18	q	q	NOUN
ejpam-801	106	19	)	)	PUNCT
ejpam-801	106	20	process	process	NOUN
ejpam-801	106	21	and	and	CCONJ
ejpam-801	106	22	the	the	DET
ejpam-801	106	23	expressions	expression	NOUN
ejpam-801	106	24	(	(	PUNCT
ejpam-801	106	25	5	5	NUM
ejpam-801	106	26	)	)	PUNCT
ejpam-801	106	27	and	and	CCONJ
ejpam-801	106	28	(	(	PUNCT
ejpam-801	106	29	7	7	X
ejpam-801	106	30	)	)	PUNCT
ejpam-801	106	31	are	be	AUX
ejpam-801	106	32	special	special	ADJ
ejpam-801	106	33	cases	case	NOUN
ejpam-801	106	34	of	of	ADP
ejpam-801	106	35	results	result	NOUN
ejpam-801	106	36	in	in	ADP
ejpam-801	106	37	[	[	X
ejpam-801	106	38	24	24	NUM
ejpam-801	106	39	]	]	PUNCT
ejpam-801	106	40	.	.	PUNCT
ejpam-801	107	1	3.2	3.2	NUM
ejpam-801	107	2	.	.	PUNCT
ejpam-801	108	1	egarch	egarch	NOUN
ejpam-801	108	2	model	model	NOUN
ejpam-801	109	1	[	[	X
ejpam-801	109	2	42	42	NUM
ejpam-801	109	3	]	]	PUNCT
ejpam-801	109	4	who	who	PRON
ejpam-801	109	5	introduced	introduce	VERB
ejpam-801	109	6	the	the	DET
ejpam-801	109	7	egarch	egarch	NOUN
ejpam-801	109	8	model	model	NOUN
ejpam-801	109	9	listed	list	VERB
ejpam-801	109	10	three	three	NUM
ejpam-801	109	11	drawbacks	drawback	NOUN
ejpam-801	109	12	with	with	ADP
ejpam-801	109	13	the	the	DET
ejpam-801	109	14	garch	garch	NOUN
ejpam-801	109	15	models	model	NOUN
ejpam-801	109	16	.	.	PUNCT
ejpam-801	110	1	first	first	ADV
ejpam-801	110	2	,	,	PUNCT
ejpam-801	110	3	there	there	PRON
ejpam-801	110	4	is	be	VERB
ejpam-801	110	5	the	the	DET
ejpam-801	110	6	lack	lack	NOUN
ejpam-801	110	7	of	of	ADP
ejpam-801	110	8	asymmetry	asymmetry	NOUN
ejpam-801	110	9	in	in	ADP
ejpam-801	110	10	the	the	DET
ejpam-801	110	11	response	response	NOUN
ejpam-801	110	12	to	to	ADP
ejpam-801	110	13	shocks	shock	NOUN
ejpam-801	110	14	.	.	PUNCT
ejpam-801	111	1	second	second	ADJ
ejpam-801	111	2	,	,	PUNCT
ejpam-801	111	3	parameter	parameter	NOUN
ejpam-801	111	4	restrictions	restriction	NOUN
ejpam-801	111	5	have	have	VERB
ejpam-801	111	6	to	to	PART
ejpam-801	111	7	be	be	AUX
ejpam-801	111	8	imposed	impose	VERB
ejpam-801	111	9	on	on	ADP
ejpam-801	111	10	the	the	DET
ejpam-801	111	11	garch	garch	NOUN
ejpam-801	111	12	model	model	NOUN
ejpam-801	111	13	to	to	PART
ejpam-801	111	14	ensure	ensure	VERB
ejpam-801	111	15	positivity	positivity	NOUN
ejpam-801	111	16	of	of	ADP
ejpam-801	111	17	the	the	DET
ejpam-801	111	18	conditional	conditional	ADJ
ejpam-801	111	19	variance	variance	NOUN
ejpam-801	111	20	.	.	PUNCT
ejpam-801	112	1	finally	finally	ADV
ejpam-801	112	2	,	,	PUNCT
ejpam-801	112	3	persistence	persistence	NOUN
ejpam-801	112	4	is	be	AUX
ejpam-801	112	5	an	an	DET
ejpam-801	112	6	ambiguous	ambiguous	ADJ
ejpam-801	112	7	concept	concept	NOUN
ejpam-801	112	8	.	.	PUNCT
ejpam-801	113	1	consider	consider	VERB
ejpam-801	113	2	(	(	PUNCT
ejpam-801	113	3	1	1	NUM
ejpam-801	113	4	)	)	PUNCT
ejpam-801	113	5	with	with	ADP
ejpam-801	113	6	ln	ln	NOUN
ejpam-801	113	7	ht	ht	PROPN
ejpam-801	113	8	=	=	SYM
ejpam-801	113	9	α0	α0	PROPN
ejpam-801	114	1	+	+	CCONJ
ejpam-801	114	2	q∑	q∑	PROPN
ejpam-801	114	3	j=1	j=1	NOUN
ejpam-801	114	4	{	{	PUNCT
ejpam-801	114	5	φ	φ	PROPN
ejpam-801	114	6	jzt−	jzt−	PROPN
ejpam-801	114	7	j	j	PROPN
ejpam-801	115	1	+	+	PROPN
ejpam-801	115	2	ψ	ψ	PROPN
ejpam-801	115	3	j	j	PROPN
ejpam-801	115	4	(	(	PUNCT
ejpam-801	115	5	�	�	PROPN
ejpam-801	115	6	�	�	PROPN
ejpam-801	115	7	zt−	zt−	PROPN
ejpam-801	115	8	j	j	PROPN
ejpam-801	115	9	�	�	PROPN
ejpam-801	115	10	�	�	PROPN
ejpam-801	115	11	−e	−e	NOUN
ejpam-801	115	12	�	�	PROPN
ejpam-801	115	13	�	�	PROPN
ejpam-801	115	14	zt−	zt−	PROPN
ejpam-801	115	15	j	j	PROPN
ejpam-801	115	16	�	�	PROPN
ejpam-801	115	17	�	�	PROPN
ejpam-801	115	18	)	)	PUNCT
ejpam-801	115	19	}	}	PUNCT
ejpam-801	115	20	+	+	NUM
ejpam-801	116	1	p∑	p∑	X
ejpam-801	116	2	j=1	j=1	NOUN
ejpam-801	116	3	β	β	X
ejpam-801	116	4	j	j	PROPN
ejpam-801	116	5	lnht−	lnht−	PROPN
ejpam-801	116	6	j	j	PROPN
ejpam-801	116	7	(	(	PUNCT
ejpam-801	116	8	8)	8)	NUM
ejpam-801	116	9	which	which	PRON
ejpam-801	116	10	defines	define	VERB
ejpam-801	116	11	the	the	DET
ejpam-801	116	12	egarch(p	egarch(p	PROPN
ejpam-801	116	13	,	,	PUNCT
ejpam-801	116	14	q	q	NOUN
ejpam-801	116	15	)	)	PUNCT
ejpam-801	116	16	model	model	NOUN
ejpam-801	116	17	of	of	ADP
ejpam-801	116	18	[	[	X
ejpam-801	116	19	42	42	NUM
ejpam-801	116	20	]	]	PUNCT
ejpam-801	116	21	.	.	PUNCT
ejpam-801	117	1	it	it	PRON
ejpam-801	117	2	is	be	AUX
ejpam-801	117	3	seen	see	VERB
ejpam-801	117	4	from	from	ADP
ejpam-801	117	5	(	(	PUNCT
ejpam-801	117	6	8)	8)	NUM
ejpam-801	117	7	that	that	PRON
ejpam-801	117	8	no	no	DET
ejpam-801	117	9	parameter	parameter	NOUN
ejpam-801	117	10	restrictions	restriction	NOUN
ejpam-801	117	11	are	be	AUX
ejpam-801	117	12	necessary	necessary	ADJ
ejpam-801	117	13	to	to	PART
ejpam-801	117	14	ensure	ensure	VERB
ejpam-801	117	15	positivity	positivity	NOUN
ejpam-801	117	16	of	of	ADP
ejpam-801	117	17	ht	ht	PROPN
ejpam-801	117	18	.	.	PUNCT
ejpam-801	118	1	the	the	DET
ejpam-801	118	2	fourth	fourth	ADJ
ejpam-801	118	3	-	-	PUNCT
ejpam-801	118	4	moment	moment	NOUN
ejpam-801	118	5	structure	structure	NOUN
ejpam-801	118	6	of	of	ADP
ejpam-801	118	7	the	the	DET
ejpam-801	118	8	egarch(p	egarch(p	PROPN
ejpam-801	118	9	,	,	PUNCT
ejpam-801	118	10	q	q	NOUN
ejpam-801	118	11	)	)	PUNCT
ejpam-801	118	12	model	model	NOUN
ejpam-801	118	13	has	have	AUX
ejpam-801	118	14	been	be	AUX
ejpam-801	118	15	worked	work	VERB
ejpam-801	118	16	out	out	ADP
ejpam-801	118	17	in	in	ADP
ejpam-801	118	18	[	[	X
ejpam-801	118	19	28	28	NUM
ejpam-801	118	20	]	]	PUNCT
ejpam-801	118	21	and	and	CCONJ
ejpam-801	118	22	[	[	X
ejpam-801	118	23	32	32	NUM
ejpam-801	118	24	]	]	PUNCT
ejpam-801	118	25	.	.	PUNCT
ejpam-801	119	1	as	as	ADP
ejpam-801	119	2	in	in	ADP
ejpam-801	119	3	the	the	DET
ejpam-801	119	4	garch	garch	NOUN
ejpam-801	119	5	case	case	NOUN
ejpam-801	119	6	,	,	PUNCT
ejpam-801	119	7	the	the	DET
ejpam-801	119	8	first	first	ADJ
ejpam-801	119	9	-	-	PUNCT
ejpam-801	119	10	order	order	NOUN
ejpam-801	119	11	model	model	NOUN
ejpam-801	119	12	is	be	AUX
ejpam-801	119	13	the	the	DET
ejpam-801	119	14	most	most	ADV
ejpam-801	119	15	popular	popular	ADJ
ejpam-801	119	16	egarch	egarch	NOUN
ejpam-801	119	17	model	model	NOUN
ejpam-801	119	18	.	.	PUNCT
ejpam-801	120	1	the	the	DET
ejpam-801	120	2	termψ	termψ	NOUN
ejpam-801	120	3	(	(	PUNCT
ejpam-801	120	4	�	�	PROPN
ejpam-801	120	5	�	�	PROPN
ejpam-801	120	6	zt−1	zt−1	PROPN
ejpam-801	120	7	�	�	PROPN
ejpam-801	120	8	�	�	PROPN
ejpam-801	120	9	−e	−e	NOUN
ejpam-801	120	10	�	�	PROPN
ejpam-801	120	11	�	�	PROPN
ejpam-801	120	12	zt−1	zt−1	PROPN
ejpam-801	120	13	�	�	PROPN
ejpam-801	120	14	�	�	PROPN
ejpam-801	120	15	)	)	PUNCT
ejpam-801	120	16	represents	represent	VERB
ejpam-801	120	17	a	a	DET
ejpam-801	120	18	magnitude	magnitude	ADJ
ejpam-801	120	19	effect	effect	NOUN
ejpam-801	120	20	in	in	ADP
ejpam-801	120	21	the	the	DET
ejpam-801	120	22	spirit	spirit	NOUN
ejpam-801	120	23	of	of	ADP
ejpam-801	120	24	the	the	DET
ejpam-801	120	25	garch(1,1	garch(1,1	NOUN
ejpam-801	120	26	)	)	PUNCT
ejpam-801	120	27	model	model	NOUN
ejpam-801	120	28	.	.	PUNCT
ejpam-801	121	1	the	the	DET
ejpam-801	121	2	term	term	NOUN
ejpam-801	121	3	φzt	φzt	ADV
ejpam-801	121	4	represents	represent	VERB
ejpam-801	121	5	the	the	DET
ejpam-801	121	6	asymmetry	asymmetry	NOUN
ejpam-801	121	7	effect	effect	NOUN
ejpam-801	121	8	.	.	PUNCT
ejpam-801	122	1	[	[	X
ejpam-801	122	2	42	42	NUM
ejpam-801	122	3	]	]	PUNCT
ejpam-801	122	4	derived	derived	ADJ
ejpam-801	122	5	existence	existence	NOUN
ejpam-801	122	6	conditions	condition	NOUN
ejpam-801	122	7	for	for	ADP
ejpam-801	122	8	moments	moment	NOUN
ejpam-801	122	9	of	of	ADP
ejpam-801	122	10	the	the	DET
ejpam-801	122	11	egarch(1,1	egarch(1,1	NOUN
ejpam-801	122	12	)	)	PUNCT
ejpam-801	122	13	model	model	NOUN
ejpam-801	122	14	.	.	PUNCT
ejpam-801	123	1	setting	set	VERB
ejpam-801	123	2	β	β	NOUN
ejpam-801	123	3	=	=	SYM
ejpam-801	123	4	β1	β1	PROPN
ejpam-801	123	5	,	,	PUNCT
ejpam-801	123	6	they	they	PRON
ejpam-801	123	7	can	can	AUX
ejpam-801	123	8	be	be	AUX
ejpam-801	123	9	summarized	summarize	VERB
ejpam-801	123	10	by	by	ADP
ejpam-801	123	11	saying	say	VERB
ejpam-801	123	12	that	that	SCONJ
ejpam-801	123	13	if	if	SCONJ
ejpam-801	123	14	the	the	DET
ejpam-801	123	15	error	error	NOUN
ejpam-801	123	16	process	process	NOUN
ejpam-801	123	17	{	{	PUNCT
ejpam-801	123	18	zt	zt	PROPN
ejpam-801	123	19	}	}	PUNCT
ejpam-801	123	20	has	have	VERB
ejpam-801	123	21	all	all	DET
ejpam-801	123	22	moments	moment	NOUN
ejpam-801	123	23	then	then	ADV
ejpam-801	123	24	all	all	DET
ejpam-801	123	25	moments	moment	NOUN
ejpam-801	123	26	for	for	ADP
ejpam-801	123	27	the	the	DET
ejpam-801	123	28	egarch(1,1	egarch(1,1	NOUN
ejpam-801	123	29	)	)	PUNCT
ejpam-801	123	30	process	process	NOUN
ejpam-801	123	31	exist	exist	VERB
ejpam-801	123	32	if	if	SCONJ
ejpam-801	123	33	and	and	CCONJ
ejpam-801	123	34	only	only	ADV
ejpam-801	124	1	if	if	SCONJ
ejpam-801	124	2	�	�	PROPN
ejpam-801	124	3	�	�	PROPN
ejpam-801	124	4	β	β	PROPN
ejpam-801	124	5	�	�	PROPN
ejpam-801	124	6	�	�	PROPN
ejpam-801	124	7	<	<	X
ejpam-801	124	8	1	1	NUM
ejpam-801	124	9	.	.	PUNCT
ejpam-801	124	10	(	(	PUNCT
ejpam-801	124	11	9	9	NUM
ejpam-801	124	12	)	)	PUNCT
ejpam-801	124	13	for	for	ADP
ejpam-801	124	14	example	example	NOUN
ejpam-801	124	15	,	,	PUNCT
ejpam-801	124	16	if	if	SCONJ
ejpam-801	124	17	{	{	PUNCT
ejpam-801	124	18	zt	zt	NOUN
ejpam-801	124	19	}	}	PUNCT
ejpam-801	124	20	is	be	AUX
ejpam-801	124	21	standard	standard	ADJ
ejpam-801	124	22	normal	normal	ADJ
ejpam-801	124	23	then	then	ADV
ejpam-801	124	24	the	the	DET
ejpam-801	124	25	restriction	restriction	NOUN
ejpam-801	124	26	(	(	PUNCT
ejpam-801	124	27	9	9	NUM
ejpam-801	124	28	)	)	PUNCT
ejpam-801	124	29	is	be	AUX
ejpam-801	124	30	both	both	PRON
ejpam-801	124	31	necessary	necessary	ADJ
ejpam-801	124	32	and	and	CCONJ
ejpam-801	124	33	sufficient	sufficient	ADJ
ejpam-801	124	34	for	for	ADP
ejpam-801	124	35	the	the	DET
ejpam-801	124	36	existence	existence	NOUN
ejpam-801	124	37	of	of	ADP
ejpam-801	124	38	all	all	DET
ejpam-801	124	39	moments	moment	NOUN
ejpam-801	124	40	.	.	PUNCT
ejpam-801	125	1	this	this	PRON
ejpam-801	125	2	is	be	AUX
ejpam-801	125	3	different	different	ADJ
ejpam-801	125	4	from	from	ADP
ejpam-801	125	5	the	the	DET
ejpam-801	125	6	garch	garch	NOUN
ejpam-801	125	7	model	model	NOUN
ejpam-801	125	8	.	.	PUNCT
ejpam-801	126	1	for	for	ADP
ejpam-801	126	2	that	that	DET
ejpam-801	126	3	model	model	NOUN
ejpam-801	126	4	,	,	PUNCT
ejpam-801	126	5	the	the	DET
ejpam-801	126	6	moment	moment	NOUN
ejpam-801	126	7	conditions	condition	NOUN
ejpam-801	126	8	become	become	VERB
ejpam-801	126	9	more	more	ADV
ejpam-801	126	10	and	and	CCONJ
ejpam-801	126	11	more	more	ADV
ejpam-801	126	12	restrictive	restrictive	ADJ
ejpam-801	126	13	when	when	SCONJ
ejpam-801	126	14	the	the	DET
ejpam-801	126	15	order	order	NOUN
ejpam-801	126	16	of	of	ADP
ejpam-801	126	17	the	the	DET
ejpam-801	126	18	moment	moment	NOUN
ejpam-801	126	19	increases	increase	VERB
ejpam-801	126	20	.	.	PUNCT
ejpam-801	127	1	another	another	DET
ejpam-801	127	2	difference	difference	NOUN
ejpam-801	127	3	between	between	ADP
ejpam-801	127	4	the	the	DET
ejpam-801	127	5	garch	garch	NOUN
ejpam-801	127	6	models	model	NOUN
ejpam-801	127	7	and	and	CCONJ
ejpam-801	127	8	the	the	DET
ejpam-801	127	9	egarch	egarch	NOUN
ejpam-801	127	10	model	model	NOUN
ejpam-801	127	11	is	be	AUX
ejpam-801	127	12	that	that	SCONJ
ejpam-801	127	13	for	for	ADP
ejpam-801	127	14	the	the	DET
ejpam-801	127	15	latter	latter	ADJ
ejpam-801	127	16	analytical	analytical	ADJ
ejpam-801	127	17	expressions	expression	NOUN
ejpam-801	127	18	exist	exist	VERB
ejpam-801	127	19	for	for	ADP
ejpam-801	127	20	all	all	DET
ejpam-801	127	21	moments	moment	NOUN
ejpam-801	127	22	of	of	ADP
ejpam-801	127	23	�	�	PROPN
ejpam-801	127	24	�	�	PROPN
ejpam-801	127	25	ǫt	ǫt	PROPN
ejpam-801	127	26	�	�	PROPN
ejpam-801	127	27	�	�	PROPN
ejpam-801	127	28	2	2	NUM
ejpam-801	127	29	m	m	NOUN
ejpam-801	127	30	,	,	PUNCT
ejpam-801	127	31	m	m	VERB
ejpam-801	127	32	>	>	X
ejpam-801	127	33	0	0	X
ejpam-801	127	34	.	.	PUNCT
ejpam-801	128	1	they	they	PRON
ejpam-801	128	2	can	can	AUX
ejpam-801	128	3	be	be	AUX
ejpam-801	128	4	found	find	VERB
ejpam-801	128	5	in	in	ADP
ejpam-801	128	6	h.	h.	PROPN
ejpam-801	128	7	malmsten	malmsten	PROPN
ejpam-801	128	8	and	and	CCONJ
ejpam-801	128	9	t.	t.	PROPN
ejpam-801	128	10	teräsvirta	teräsvirta	PROPN
ejpam-801	128	11	/	/	SYM
ejpam-801	128	12	eur	eur	PROPN
ejpam-801	128	13	.	.	PUNCT
ejpam-801	129	1	j.	j.	PROPN
ejpam-801	129	2	pure	pure	PROPN
ejpam-801	129	3	appl	appl	PROPN
ejpam-801	129	4	.	.	PROPN
ejpam-801	129	5	math	math	PROPN
ejpam-801	129	6	,	,	PUNCT
ejpam-801	129	7	3	3	NUM
ejpam-801	129	8	(	(	PUNCT
ejpam-801	129	9	2010	2010	NUM
ejpam-801	129	10	)	)	PUNCT
ejpam-801	129	11	,	,	PUNCT
ejpam-801	129	12	443	443	NUM
ejpam-801	129	13	-	-	SYM
ejpam-801	129	14	477	477	NUM
ejpam-801	129	15	448	448	NUM
ejpam-801	130	1	[	[	X
ejpam-801	130	2	27	27	NUM
ejpam-801	130	3	]	]	PUNCT
ejpam-801	130	4	;	;	PUNCT
ejpam-801	130	5	see	see	VERB
ejpam-801	130	6	also	also	ADV
ejpam-801	130	7	[	[	X
ejpam-801	130	8	42	42	NUM
ejpam-801	130	9	]	]	PUNCT
ejpam-801	130	10	.	.	PUNCT
ejpam-801	131	1	if	if	SCONJ
ejpam-801	131	2	(	(	PUNCT
ejpam-801	131	3	9	9	X
ejpam-801	131	4	)	)	PUNCT
ejpam-801	131	5	holds	hold	VERB
ejpam-801	131	6	,	,	PUNCT
ejpam-801	131	7	then	then	ADV
ejpam-801	131	8	the	the	DET
ejpam-801	131	9	kurtosis	kurtosis	NOUN
ejpam-801	131	10	of	of	ADP
ejpam-801	131	11	ǫt	ǫt	PROPN
ejpam-801	131	12	,	,	PUNCT
ejpam-801	131	13	assuming	assume	VERB
ejpam-801	131	14	zt	zt	PROPN
ejpam-801	131	15	∼nid(0,1	∼nid(0,1	NOUN
ejpam-801	131	16	)	)	PUNCT
ejpam-801	131	17	,	,	PUNCT
ejpam-801	131	18	is	be	AUX
ejpam-801	131	19	given	give	VERB
ejpam-801	131	20	by	by	ADP
ejpam-801	131	21	κ4	κ4	NOUN
ejpam-801	131	22	=	=	SYM
ejpam-801	131	23	3	3	NUM
ejpam-801	131	24	exp	exp	NOUN
ejpam-801	131	25	{	{	PUNCT
ejpam-801	131	26	(	(	PUNCT
ejpam-801	131	27	ψ+φ)2	ψ+φ)2	PROPN
ejpam-801	131	28	1−	1−	NUM
ejpam-801	131	29	β2	β2	PROPN
ejpam-801	131	30	}	}	PUNCT
ejpam-801	131	31	∞∏	∞∏	PROPN
ejpam-801	131	32	i=1	i=1	PROPN
ejpam-801	131	33	φ(2β	φ(2β	PROPN
ejpam-801	131	34	i−1(ψ+φ	i−1(ψ+φ	PROPN
ejpam-801	131	35	)	)	PUNCT
ejpam-801	131	36	)	)	PUNCT
ejpam-801	132	1	+	+	CCONJ
ejpam-801	132	2	exp{−8β2(i−1)ψφ}φ(2β	exp{−8β2(i−1)ψφ}φ(2β	PROPN
ejpam-801	132	3	i−1(ψ−φ	i−1(ψ−φ	NUM
ejpam-801	132	4	)	)	PUNCT
ejpam-801	132	5	)	)	PUNCT
ejpam-801	133	1	[	[	X
ejpam-801	133	2	φ(β	φ(β	PROPN
ejpam-801	133	3	i−1(ψ+φ	i−1(ψ+φ	PROPN
ejpam-801	133	4	)	)	PUNCT
ejpam-801	133	5	)	)	PUNCT
ejpam-801	134	1	+	+	CCONJ
ejpam-801	134	2	exp{−2β2(i−1)ψφ}φ(β	exp{−2β2(i−1)ψφ}φ(β	AUX
ejpam-801	134	3	i−1(ψ−φ))]2	i−1(ψ−φ))]2	X
ejpam-801	134	4	>	>	X
ejpam-801	134	5	3	3	NUM
ejpam-801	134	6	(	(	PUNCT
ejpam-801	134	7	10	10	NUM
ejpam-801	134	8	)	)	PUNCT
ejpam-801	134	9	where	where	SCONJ
ejpam-801	134	10	φ	φ	PROPN
ejpam-801	134	11	(	(	PUNCT
ejpam-801	134	12	·	·	PUNCT
ejpam-801	134	13	)	)	PUNCT
ejpam-801	134	14	is	be	AUX
ejpam-801	134	15	the	the	DET
ejpam-801	134	16	cumulative	cumulative	ADJ
ejpam-801	134	17	distribution	distribution	NOUN
ejpam-801	134	18	function	function	NOUN
ejpam-801	134	19	of	of	ADP
ejpam-801	134	20	the	the	DET
ejpam-801	134	21	standard	standard	ADJ
ejpam-801	134	22	normal	normal	ADJ
ejpam-801	134	23	distribution	distribution	NOUN
ejpam-801	134	24	.	.	PUNCT
ejpam-801	135	1	the	the	DET
ejpam-801	135	2	expression	expression	NOUN
ejpam-801	135	3	contains	contain	VERB
ejpam-801	135	4	infinite	infinite	ADJ
ejpam-801	135	5	products	product	NOUN
ejpam-801	135	6	,	,	PUNCT
ejpam-801	135	7	and	and	CCONJ
ejpam-801	135	8	care	care	NOUN
ejpam-801	135	9	is	be	AUX
ejpam-801	135	10	therefore	therefore	ADV
ejpam-801	135	11	required	require	VERB
ejpam-801	135	12	in	in	ADP
ejpam-801	135	13	computing	compute	VERB
ejpam-801	135	14	them	they	PRON
ejpam-801	135	15	(	(	PUNCT
ejpam-801	135	16	selecting	select	VERB
ejpam-801	135	17	the	the	DET
ejpam-801	135	18	number	number	NOUN
ejpam-801	135	19	of	of	ADP
ejpam-801	135	20	terms	term	NOUN
ejpam-801	135	21	in	in	ADP
ejpam-801	135	22	the	the	DET
ejpam-801	135	23	product	product	NOUN
ejpam-801	135	24	)	)	PUNCT
ejpam-801	135	25	.	.	PUNCT
ejpam-801	136	1	setting	set	VERB
ejpam-801	136	2	ψ=	ψ=	NOUN
ejpam-801	136	3	0	0	PUNCT
ejpam-801	137	1	in	in	ADP
ejpam-801	137	2	(	(	PUNCT
ejpam-801	137	3	10	10	NUM
ejpam-801	137	4	)	)	PUNCT
ejpam-801	137	5	yields	yield	VERB
ejpam-801	137	6	a	a	DET
ejpam-801	137	7	simple	simple	ADJ
ejpam-801	137	8	formula	formula	NOUN
ejpam-801	137	9	κ4	κ4	NOUN
ejpam-801	137	10	=	=	SYM
ejpam-801	137	11	3	3	NUM
ejpam-801	137	12	exp{φ2(1−	exp{φ2(1−	PROPN
ejpam-801	137	13	β2)−1	β2)−1	NOUN
ejpam-801	137	14	}	}	PUNCT
ejpam-801	137	15	>	>	X
ejpam-801	137	16	3	3	X
ejpam-801	137	17	.	.	PUNCT
ejpam-801	137	18	(	(	PUNCT
ejpam-801	137	19	11	11	NUM
ejpam-801	137	20	)	)	PUNCT
ejpam-801	137	21	if	if	SCONJ
ejpam-801	137	22	(	(	PUNCT
ejpam-801	137	23	9	9	X
ejpam-801	137	24	)	)	PUNCT
ejpam-801	137	25	holds	hold	VERB
ejpam-801	137	26	,	,	PUNCT
ejpam-801	137	27	the	the	DET
ejpam-801	137	28	autocorrelation	autocorrelation	NOUN
ejpam-801	137	29	function	function	NOUN
ejpam-801	137	30	for	for	ADP
ejpam-801	137	31	�	�	PROPN
ejpam-801	137	32	�	�	PROPN
ejpam-801	137	33	ǫt	ǫt	PROPN
ejpam-801	137	34	�	�	PROPN
ejpam-801	137	35	�	�	PROPN
ejpam-801	137	36	2	2	NUM
ejpam-801	137	37	m	m	NOUN
ejpam-801	137	38	,	,	PUNCT
ejpam-801	137	39	with	with	ADP
ejpam-801	137	40	zt	zt	PROPN
ejpam-801	137	41	∼nid(0,1	∼nid(0,1	NOUN
ejpam-801	137	42	)	)	PUNCT
ejpam-801	137	43	,	,	PUNCT
ejpam-801	137	44	has	have	VERB
ejpam-801	137	45	the	the	DET
ejpam-801	137	46	form	form	NOUN
ejpam-801	137	47	ρn(m	ρn(m	NOUN
ejpam-801	137	48	)	)	PUNCT
ejpam-801	137	49	=	=	SYM
ejpam-801	137	50	γ(2m+1	γ(2m+1	X
ejpam-801	137	51	)	)	PUNCT
ejpam-801	137	52	2m+1/2γ(m+1/2	2m+1/2γ(m+1/2	NUM
ejpam-801	137	53	)	)	PUNCT
ejpam-801	137	54	exp{m2(ψ+φ)2(β2(n−1)(β2−1)/4+βn	exp{m2(ψ+φ)2(β2(n−1)(β2−1)/4+βn	NOUN
ejpam-801	137	55	)	)	PUNCT
ejpam-801	137	56	1−β2	1−β2	NUM
ejpam-801	137	57	}	}	PUNCT
ejpam-801	137	58	d	d	X
ejpam-801	137	59	(	(	PUNCT
ejpam-801	137	60	·	·	PUNCT
ejpam-801	137	61	)	)	PUNCT
ejpam-801	137	62	n−1∏	n−1∏	PROPN
ejpam-801	137	63	i=1	i=1	PROPN
ejpam-801	137	64	φ1i	φ1i	NOUN
ejpam-801	137	65	∞∏	∞∏	X
ejpam-801	137	66	i=1	i=1	X
ejpam-801	137	67	φ2i	φ2i	PROPN
ejpam-801	138	1	−	−	PROPN
ejpam-801	138	2	∞∏	∞∏	PROPN
ejpam-801	139	1	i=1	i=1	PROPN
ejpam-801	140	1	φ2	φ2	PROPN
ejpam-801	141	1	1i	1i	PROPN
ejpam-801	141	2	π1/2γ(2m+1/2	π1/2γ(2m+1/2	PROPN
ejpam-801	141	3	)	)	PUNCT
ejpam-801	142	1	(	(	PUNCT
ejpam-801	142	2	γ(m+1/2))2	γ(m+1/2))2	NOUN
ejpam-801	142	3	exp{m2(ψ+φ)2	exp{m2(ψ+φ)2	PROPN
ejpam-801	142	4	1−β2	1−β2	NUM
ejpam-801	142	5	}	}	PUNCT
ejpam-801	142	6	∞∏	∞∏	PROPN
ejpam-801	142	7	i=1	i=1	X
ejpam-801	143	1	φ3i	φ3i	X
ejpam-801	143	2	−	−	PUNCT
ejpam-801	143	3	∞∏	∞∏	PROPN
ejpam-801	143	4	i=1	i=1	PROPN
ejpam-801	143	5	φ2	φ2	PROPN
ejpam-801	143	6	1i	1i	NOUN
ejpam-801	143	7	n≥	n≥	NOUN
ejpam-801	143	8	1	1	NUM
ejpam-801	143	9	(	(	PUNCT
ejpam-801	143	10	12	12	NUM
ejpam-801	143	11	)	)	PUNCT
ejpam-801	143	12	where	where	SCONJ
ejpam-801	143	13	d	d	X
ejpam-801	143	14	(	(	PUNCT
ejpam-801	143	15	·	·	PUNCT
ejpam-801	143	16	)	)	PUNCT
ejpam-801	143	17	=	=	SYM
ejpam-801	143	18	d−(2m+1)[−mβn−1(ψ+φ	d−(2m+1)[−mβn−1(ψ+φ	PROPN
ejpam-801	143	19	)	)	PUNCT
ejpam-801	143	20	]	]	PUNCT
ejpam-801	144	1	+	+	CCONJ
ejpam-801	144	2	exp{−m2β2(n−1)ψφ	exp{−m2β2(n−1)ψφ	VERB
ejpam-801	144	3	}	}	PUNCT
ejpam-801	144	4	×d−(2m+1)[−mβn−1(ψ−φ	×d−(2m+1)[−mβn−1(ψ−φ	PROPN
ejpam-801	144	5	)	)	PUNCT
ejpam-801	144	6	]	]	PUNCT
ejpam-801	145	1	φ1i	φ1i	X
ejpam-801	145	2	=	=	SYM
ejpam-801	145	3	φ(mβ	φ(mβ	PROPN
ejpam-801	145	4	i−1(ψ+φ	i−1(ψ+φ	PROPN
ejpam-801	145	5	)	)	PUNCT
ejpam-801	145	6	)	)	PUNCT
ejpam-801	146	1	+	+	CCONJ
ejpam-801	146	2	exp{−2m2β2(i−1)ψφ}φ(mβ	exp{−2m2β2(i−1)ψφ}φ(mβ	ADJ
ejpam-801	146	3	i−1(ψ−φ	i−1(ψ−φ	NOUN
ejpam-801	146	4	)	)	PUNCT
ejpam-801	146	5	)	)	PUNCT
ejpam-801	146	6	φ2i	φ2i	PROPN
ejpam-801	147	1	=	=	SYM
ejpam-801	147	2	φ(mβ	φ(mβ	PROPN
ejpam-801	147	3	i−1(1	i−1(1	NOUN
ejpam-801	147	4	+	+	X
ejpam-801	147	5	βn)(ψ+φ	βn)(ψ+φ	NOUN
ejpam-801	147	6	)	)	PUNCT
ejpam-801	147	7	)	)	PUNCT
ejpam-801	148	1	+	+	CCONJ
ejpam-801	148	2	exp{−2m2β2(i−1)(1	exp{−2m2β2(i−1)(1	PROPN
ejpam-801	148	3	+	+	CCONJ
ejpam-801	148	4	βn)2ψφ	βn)2ψφ	PROPN
ejpam-801	148	5	}	}	PUNCT
ejpam-801	148	6	×φ(mβ	×φ(mβ	NOUN
ejpam-801	148	7	i−1(1	i−1(1	NOUN
ejpam-801	148	8	+	+	NOUN
ejpam-801	148	9	βn)(ψ−φ	βn)(ψ−φ	NOUN
ejpam-801	148	10	)	)	PUNCT
ejpam-801	148	11	)	)	PUNCT
ejpam-801	148	12	and	and	CCONJ
ejpam-801	148	13	φ3i	φ3i	X
ejpam-801	148	14	=	=	PUNCT
ejpam-801	148	15	φ(2mβ	φ(2mβ	PROPN
ejpam-801	148	16	i−1(ψ+φ	i−1(ψ+φ	PROPN
ejpam-801	148	17	)	)	PUNCT
ejpam-801	148	18	)	)	PUNCT
ejpam-801	149	1	+	+	CCONJ
ejpam-801	149	2	exp{−8m2β2(i−1)ψφ}φ(2mβ	exp{−8m2β2(i−1)ψφ}φ(2mβ	X
ejpam-801	149	3	i−1(ψ−φ	i−1(ψ−φ	X
ejpam-801	149	4	)	)	PUNCT
ejpam-801	149	5	)	)	PUNCT
ejpam-801	149	6	.	.	PUNCT
ejpam-801	150	1	furthermore	furthermore	ADV
ejpam-801	150	2	,	,	PUNCT
ejpam-801	150	3	φ	φ	PROPN
ejpam-801	150	4	(	(	PUNCT
ejpam-801	150	5	·	·	PUNCT
ejpam-801	150	6	)	)	PUNCT
ejpam-801	150	7	is	be	AUX
ejpam-801	150	8	the	the	DET
ejpam-801	150	9	cumulative	cumulative	ADJ
ejpam-801	150	10	distribution	distribution	NOUN
ejpam-801	150	11	function	function	NOUN
ejpam-801	150	12	of	of	ADP
ejpam-801	150	13	the	the	DET
ejpam-801	150	14	standard	standard	ADJ
ejpam-801	150	15	normal	normal	ADJ
ejpam-801	150	16	distribution	distribution	NOUN
ejpam-801	150	17	and	and	CCONJ
ejpam-801	150	18	d(−p)[q	d(−p)[q	NOUN
ejpam-801	150	19	]	]	X
ejpam-801	150	20	=	=	SYM
ejpam-801	150	21	exp{−q2/4	exp{−q2/4	ADJ
ejpam-801	150	22	}	}	PUNCT
ejpam-801	150	23	γ(p	γ(p	PROPN
ejpam-801	150	24	)	)	PUNCT
ejpam-801	150	25	∫	∫	PROPN
ejpam-801	151	1	∞	∞	NUM
ejpam-801	151	2	0	0	NUM
ejpam-801	152	1	x	x	SYM
ejpam-801	152	2	p−1	p−1	PROPN
ejpam-801	152	3	exp{−qx	exp{−qx	NOUN
ejpam-801	152	4	−	−	PROPN
ejpam-801	152	5	x2/2}d	x2/2}d	PROPN
ejpam-801	152	6	x	x	PUNCT
ejpam-801	152	7	,	,	PUNCT
ejpam-801	152	8	p	p	X
ejpam-801	152	9	>	>	X
ejpam-801	152	10	0	0	NUM
ejpam-801	152	11	,	,	PUNCT
ejpam-801	152	12	is	be	AUX
ejpam-801	152	13	the	the	DET
ejpam-801	152	14	parabolic	parabolic	ADJ
ejpam-801	152	15	cylinder	cylinder	NOUN
ejpam-801	152	16	function	function	NOUN
ejpam-801	152	17	where	where	SCONJ
ejpam-801	152	18	γ	γ	X
ejpam-801	152	19	(	(	PUNCT
ejpam-801	152	20	·	·	PUNCT
ejpam-801	152	21	)	)	PUNCT
ejpam-801	152	22	is	be	AUX
ejpam-801	152	23	the	the	DET
ejpam-801	152	24	gamma	gamma	NOUN
ejpam-801	152	25	function	function	NOUN
ejpam-801	152	26	.	.	PUNCT
ejpam-801	153	1	if	if	SCONJ
ejpam-801	153	2	φ	φ	PROPN
ejpam-801	153	3	=	=	SYM
ejpam-801	153	4	0	0	NUM
ejpam-801	153	5	or	or	CCONJ
ejpam-801	153	6	ψ=	ψ=	NOUN
ejpam-801	153	7	0	0	PUNCT
ejpam-801	153	8	in	in	ADP
ejpam-801	153	9	the	the	DET
ejpam-801	153	10	egarch(1,1	egarch(1,1	NOUN
ejpam-801	153	11	)	)	PUNCT
ejpam-801	153	12	model	model	NOUN
ejpam-801	153	13	the	the	DET
ejpam-801	153	14	resulting	result	VERB
ejpam-801	153	15	autocorrelation	autocorrelation	NOUN
ejpam-801	153	16	function	function	NOUN
ejpam-801	153	17	becomes	become	VERB
ejpam-801	153	18	quite	quite	ADV
ejpam-801	153	19	simple	simple	ADJ
ejpam-801	153	20	;	;	PUNCT
ejpam-801	153	21	see	see	VERB
ejpam-801	153	22	[	[	X
ejpam-801	153	23	27	27	NUM
ejpam-801	153	24	]	]	PUNCT
ejpam-801	153	25	.	.	PUNCT
ejpam-801	154	1	the	the	DET
ejpam-801	154	2	autocorrelation	autocorrelation	NOUN
ejpam-801	154	3	function	function	NOUN
ejpam-801	154	4	of	of	ADP
ejpam-801	154	5	the	the	DET
ejpam-801	154	6	squared	squared	ADJ
ejpam-801	154	7	observations	observation	NOUN
ejpam-801	154	8	(	(	PUNCT
ejpam-801	154	9	m	m	NOUN
ejpam-801	154	10	=	=	NOUN
ejpam-801	154	11	1	1	NUM
ejpam-801	154	12	)	)	PUNCT
ejpam-801	154	13	,	,	PUNCT
ejpam-801	154	14	when	when	SCONJ
ejpam-801	154	15	ψ=	ψ=	NOUN
ejpam-801	154	16	0	0	NUM
ejpam-801	154	17	,	,	PUNCT
ejpam-801	154	18	has	have	VERB
ejpam-801	154	19	the	the	DET
ejpam-801	154	20	form	form	NOUN
ejpam-801	154	21	ρn(1	ρn(1	NOUN
ejpam-801	154	22	)	)	PUNCT
ejpam-801	154	23	=	=	PUNCT
ejpam-801	154	24	(	(	PUNCT
ejpam-801	154	25	1+φ2β2(n−1))exp{φ2βn(1−	1+φ2β2(n−1))exp{φ2βn(1−	NUM
ejpam-801	154	26	β2)−1}−	β2)−1}−	NUM
ejpam-801	154	27	1	1	NUM
ejpam-801	154	28	3	3	NUM
ejpam-801	154	29	exp{φ2(1−	exp{φ2(1−	NOUN
ejpam-801	154	30	β2)−1}−	β2)−1}−	NUM
ejpam-801	154	31	1	1	NUM
ejpam-801	154	32	,	,	PUNCT
ejpam-801	154	33	n≥	n≥	PROPN
ejpam-801	154	34	1	1	NUM
ejpam-801	154	35	.	.	PUNCT
ejpam-801	155	1	(	(	PUNCT
ejpam-801	155	2	13	13	NUM
ejpam-801	155	3	)	)	PUNCT
ejpam-801	155	4	h.	h.	NOUN
ejpam-801	155	5	malmsten	malmsten	PROPN
ejpam-801	155	6	and	and	CCONJ
ejpam-801	155	7	t.	t.	PROPN
ejpam-801	155	8	teräsvirta	teräsvirta	PROPN
ejpam-801	155	9	/	/	SYM
ejpam-801	155	10	eur	eur	PROPN
ejpam-801	155	11	.	.	PUNCT
ejpam-801	156	1	j.	j.	PROPN
ejpam-801	156	2	pure	pure	PROPN
ejpam-801	156	3	appl	appl	PROPN
ejpam-801	156	4	.	.	PROPN
ejpam-801	156	5	math	math	PROPN
ejpam-801	156	6	,	,	PUNCT
ejpam-801	156	7	3	3	NUM
ejpam-801	156	8	(	(	PUNCT
ejpam-801	156	9	2010	2010	NUM
ejpam-801	156	10	)	)	PUNCT
ejpam-801	156	11	,	,	PUNCT
ejpam-801	156	12	443	443	NUM
ejpam-801	156	13	-	-	SYM
ejpam-801	156	14	477	477	NUM
ejpam-801	156	15	449	449	NUM
ejpam-801	156	16	to	to	PART
ejpam-801	156	17	illustrate	illustrate	VERB
ejpam-801	156	18	the	the	DET
ejpam-801	156	19	above	above	ADJ
ejpam-801	156	20	theory	theory	NOUN
ejpam-801	156	21	,	,	PUNCT
ejpam-801	156	22	consider	consider	VERB
ejpam-801	156	23	the	the	DET
ejpam-801	156	24	case	case	NOUN
ejpam-801	156	25	0	0	NUM
ejpam-801	156	26	<	<	X
ejpam-801	156	27	β	β	X
ejpam-801	156	28	<	<	X
ejpam-801	156	29	1	1	NUM
ejpam-801	156	30	.	.	PUNCT
ejpam-801	157	1	the	the	DET
ejpam-801	157	2	decay	decay	NOUN
ejpam-801	157	3	of	of	ADP
ejpam-801	157	4	the	the	DET
ejpam-801	157	5	autocorrelations	autocorrelation	NOUN
ejpam-801	157	6	is	be	AUX
ejpam-801	157	7	controlled	control	VERB
ejpam-801	157	8	by	by	ADP
ejpam-801	157	9	the	the	DET
ejpam-801	157	10	parameter	parameter	NOUN
ejpam-801	157	11	β	β	PROPN
ejpam-801	157	12	.	.	PUNCT
ejpam-801	158	1	the	the	DET
ejpam-801	158	2	autocorrelation	autocorrelation	NOUN
ejpam-801	158	3	function	function	NOUN
ejpam-801	158	4	of	of	ADP
ejpam-801	158	5	{	{	PUNCT
ejpam-801	158	6	�	�	PROPN
ejpam-801	158	7	�	�	PROPN
ejpam-801	158	8	ǫt	ǫt	PROPN
ejpam-801	158	9	�	�	PROPN
ejpam-801	158	10	�	�	PROPN
ejpam-801	158	11	2	2	NUM
ejpam-801	158	12	m	m	VERB
ejpam-801	158	13	}	}	PUNCT
ejpam-801	158	14	then	then	ADV
ejpam-801	158	15	has	have	VERB
ejpam-801	158	16	the	the	DET
ejpam-801	158	17	property	property	NOUN
ejpam-801	158	18	that	that	PRON
ejpam-801	158	19	the	the	DET
ejpam-801	158	20	decay	decay	NOUN
ejpam-801	158	21	rate	rate	NOUN
ejpam-801	158	22	is	be	AUX
ejpam-801	158	23	faster	fast	ADJ
ejpam-801	158	24	than	than	ADP
ejpam-801	158	25	exponential	exponential	ADJ
ejpam-801	158	26	at	at	ADP
ejpam-801	158	27	short	short	ADJ
ejpam-801	158	28	lags	lag	NOUN
ejpam-801	158	29	and	and	CCONJ
ejpam-801	158	30	approaches	approach	NOUN
ejpam-801	158	31	β	β	X
ejpam-801	158	32	as	as	ADP
ejpam-801	158	33	the	the	DET
ejpam-801	158	34	lag	lag	NOUN
ejpam-801	158	35	length	length	NOUN
ejpam-801	158	36	increases	increase	NOUN
ejpam-801	158	37	.	.	PUNCT
ejpam-801	159	1	for	for	ADP
ejpam-801	159	2	the	the	DET
ejpam-801	159	3	special	special	ADJ
ejpam-801	159	4	case	case	NOUN
ejpam-801	159	5	(	(	PUNCT
ejpam-801	159	6	13	13	NUM
ejpam-801	159	7	)	)	PUNCT
ejpam-801	159	8	this	this	PRON
ejpam-801	159	9	can	can	AUX
ejpam-801	159	10	be	be	AUX
ejpam-801	159	11	shown	show	VERB
ejpam-801	159	12	analytically	analytically	ADV
ejpam-801	159	13	,	,	PUNCT
ejpam-801	159	14	but	but	CCONJ
ejpam-801	159	15	in	in	ADP
ejpam-801	159	16	the	the	DET
ejpam-801	159	17	general	general	ADJ
ejpam-801	159	18	case	case	NOUN
ejpam-801	159	19	it	it	PRON
ejpam-801	159	20	is	be	AUX
ejpam-801	159	21	just	just	ADV
ejpam-801	159	22	a	a	DET
ejpam-801	159	23	conjecture	conjecture	NOUN
ejpam-801	159	24	based	base	VERB
ejpam-801	159	25	on	on	ADP
ejpam-801	159	26	numerical	numerical	ADJ
ejpam-801	159	27	calculations	calculation	NOUN
ejpam-801	159	28	;	;	PUNCT
ejpam-801	159	29	see	see	VERB
ejpam-801	159	30	the	the	DET
ejpam-801	159	31	table	table	NOUN
ejpam-801	159	32	in	in	ADP
ejpam-801	159	33	[	[	X
ejpam-801	159	34	27	27	NUM
ejpam-801	159	35	]	]	PUNCT
ejpam-801	159	36	.	.	PUNCT
ejpam-801	160	1	3.3	3.3	NUM
ejpam-801	160	2	.	.	PUNCT
ejpam-801	161	1	arsv	arsv	PROPN
ejpam-801	161	2	model	model	VERB
ejpam-801	161	3	the	the	DET
ejpam-801	161	4	arsv	arsv	PROPN
ejpam-801	161	5	model	model	NOUN
ejpam-801	161	6	offers	offer	VERB
ejpam-801	161	7	yet	yet	ADV
ejpam-801	161	8	another	another	DET
ejpam-801	161	9	way	way	NOUN
ejpam-801	161	10	of	of	ADP
ejpam-801	161	11	characterizing	characterize	VERB
ejpam-801	161	12	conditional	conditional	ADJ
ejpam-801	161	13	heteroskedasticity	heteroskedasticity	NOUN
ejpam-801	161	14	.	.	PUNCT
ejpam-801	162	1	see	see	VERB
ejpam-801	162	2	[	[	X
ejpam-801	162	3	17	17	NUM
ejpam-801	162	4	]	]	PUNCT
ejpam-801	162	5	and	and	CCONJ
ejpam-801	162	6	[	[	X
ejpam-801	162	7	49	49	NUM
ejpam-801	162	8	]	]	PUNCT
ejpam-801	162	9	for	for	ADP
ejpam-801	162	10	useful	useful	ADJ
ejpam-801	162	11	surveys	survey	NOUN
ejpam-801	162	12	.	.	PUNCT
ejpam-801	163	1	it	it	PRON
ejpam-801	163	2	bears	bear	VERB
ejpam-801	163	3	certain	certain	ADJ
ejpam-801	163	4	resemblance	resemblance	NOUN
ejpam-801	163	5	to	to	ADP
ejpam-801	163	6	the	the	DET
ejpam-801	163	7	egarch	egarch	NOUN
ejpam-801	163	8	model	model	NOUN
ejpam-801	163	9	.	.	PUNCT
ejpam-801	164	1	as	as	ADP
ejpam-801	164	2	with	with	ADP
ejpam-801	164	3	the	the	DET
ejpam-801	164	4	egarch	egarch	NOUN
ejpam-801	164	5	model	model	NOUN
ejpam-801	164	6	,	,	PUNCT
ejpam-801	164	7	defining	define	VERB
ejpam-801	164	8	the	the	DET
ejpam-801	164	9	dynamic	dynamic	ADJ
ejpam-801	164	10	structure	structure	NOUN
ejpam-801	164	11	using	use	VERB
ejpam-801	164	12	ln	ln	ADV
ejpam-801	164	13	ht	ht	NOUN
ejpam-801	164	14	and	and	CCONJ
ejpam-801	164	15	its	its	PRON
ejpam-801	164	16	lags	lag	NOUN
ejpam-801	164	17	ensures	ensure	VERB
ejpam-801	164	18	that	that	SCONJ
ejpam-801	164	19	ht	ht	PROPN
ejpam-801	164	20	is	be	AUX
ejpam-801	164	21	always	always	ADV
ejpam-801	164	22	positive	positive	ADJ
ejpam-801	164	23	,	,	PUNCT
ejpam-801	164	24	but	but	CCONJ
ejpam-801	164	25	the	the	DET
ejpam-801	164	26	difference	difference	NOUN
ejpam-801	164	27	to	to	ADP
ejpam-801	164	28	the	the	DET
ejpam-801	164	29	garch	garch	NOUN
ejpam-801	164	30	model	model	NOUN
ejpam-801	164	31	and	and	CCONJ
ejpam-801	164	32	the	the	DET
ejpam-801	164	33	egarch	egarch	NOUN
ejpam-801	164	34	model	model	NOUN
ejpam-801	164	35	is	be	AUX
ejpam-801	164	36	that	that	SCONJ
ejpam-801	164	37	it	it	PRON
ejpam-801	164	38	does	do	AUX
ejpam-801	164	39	not	not	PART
ejpam-801	164	40	depend	depend	VERB
ejpam-801	164	41	on	on	ADP
ejpam-801	164	42	past	past	ADJ
ejpam-801	164	43	observations	observation	NOUN
ejpam-801	164	44	but	but	CCONJ
ejpam-801	164	45	on	on	ADP
ejpam-801	164	46	some	some	DET
ejpam-801	164	47	unobserved	unobserved	ADJ
ejpam-801	164	48	latent	latent	NOUN
ejpam-801	164	49	variable	variable	NOUN
ejpam-801	164	50	instead	instead	ADV
ejpam-801	164	51	.	.	PUNCT
ejpam-801	165	1	the	the	DET
ejpam-801	165	2	simplest	simple	ADJ
ejpam-801	165	3	and	and	CCONJ
ejpam-801	165	4	most	most	ADV
ejpam-801	165	5	popular	popular	ADJ
ejpam-801	165	6	arsv(1	arsv(1	NOUN
ejpam-801	165	7	)	)	PUNCT
ejpam-801	165	8	model	model	NOUN
ejpam-801	165	9	,	,	PUNCT
ejpam-801	165	10	[	[	X
ejpam-801	165	11	50	50	NUM
ejpam-801	165	12	]	]	PUNCT
ejpam-801	165	13	,	,	PUNCT
ejpam-801	165	14	is	be	AUX
ejpam-801	165	15	given	give	VERB
ejpam-801	165	16	by	by	ADP
ejpam-801	165	17	ǫt	ǫt	NOUN
ejpam-801	165	18	=	=	NOUN
ejpam-801	165	19	σzth	σzth	NOUN
ejpam-801	165	20	1/2	1/2	NUM
ejpam-801	165	21	t	t	NOUN
ejpam-801	165	22	.	.	PUNCT
ejpam-801	166	1	(	(	PUNCT
ejpam-801	166	2	14	14	NUM
ejpam-801	166	3	)	)	PUNCT
ejpam-801	166	4	where	where	SCONJ
ejpam-801	166	5	σ	σ	PROPN
ejpam-801	166	6	is	be	AUX
ejpam-801	166	7	a	a	DET
ejpam-801	166	8	scale	scale	NOUN
ejpam-801	166	9	parameter	parameter	NOUN
ejpam-801	166	10	.	.	PUNCT
ejpam-801	167	1	it	it	PRON
ejpam-801	167	2	removes	remove	VERB
ejpam-801	167	3	the	the	DET
ejpam-801	167	4	need	need	NOUN
ejpam-801	167	5	for	for	ADP
ejpam-801	167	6	a	a	DET
ejpam-801	167	7	constant	constant	ADJ
ejpam-801	167	8	term	term	NOUN
ejpam-801	167	9	in	in	ADP
ejpam-801	167	10	the	the	DET
ejpam-801	167	11	first	first	ADJ
ejpam-801	167	12	-	-	PUNCT
ejpam-801	167	13	order	order	NOUN
ejpam-801	167	14	autoregressive	autoregressive	ADJ
ejpam-801	167	15	process	process	NOUN
ejpam-801	167	16	lnht+1	lnht+1	PROPN
ejpam-801	167	17	=	=	PUNCT
ejpam-801	168	1	β	β	X
ejpam-801	168	2	lnht	lnht	VERB
ejpam-801	168	3	+	+	ADV
ejpam-801	168	4	ηt	ηt	ADV
ejpam-801	168	5	.	.	PUNCT
ejpam-801	169	1	(	(	PUNCT
ejpam-801	169	2	15	15	NUM
ejpam-801	169	3	)	)	PUNCT
ejpam-801	169	4	in	in	ADP
ejpam-801	169	5	(	(	PUNCT
ejpam-801	169	6	15	15	NUM
ejpam-801	169	7	)	)	PUNCT
ejpam-801	169	8	,	,	PUNCT
ejpam-801	169	9	{	{	PUNCT
ejpam-801	169	10	ηt	ηt	ADP
ejpam-801	169	11	}	}	PUNCT
ejpam-801	169	12	is	be	AUX
ejpam-801	169	13	a	a	DET
ejpam-801	169	14	sequence	sequence	NOUN
ejpam-801	169	15	of	of	ADP
ejpam-801	169	16	independent	independent	ADJ
ejpam-801	169	17	normal	normal	ADJ
ejpam-801	169	18	distributed	distribute	VERB
ejpam-801	169	19	random	random	ADJ
ejpam-801	169	20	variables	variable	NOUN
ejpam-801	169	21	with	with	ADP
ejpam-801	169	22	mean	mean	NOUN
ejpam-801	169	23	zero	zero	NUM
ejpam-801	169	24	and	and	CCONJ
ejpam-801	169	25	a	a	DET
ejpam-801	169	26	known	know	VERB
ejpam-801	169	27	variance	variance	NOUN
ejpam-801	169	28	σ2	σ2	PROPN
ejpam-801	169	29	η	η	PROPN
ejpam-801	169	30	.	.	PROPN
ejpam-801	170	1	the	the	DET
ejpam-801	170	2	error	error	NOUN
ejpam-801	170	3	processes	process	NOUN
ejpam-801	170	4	{	{	PUNCT
ejpam-801	170	5	zt	zt	NOUN
ejpam-801	170	6	}	}	PUNCT
ejpam-801	170	7	and	and	CCONJ
ejpam-801	170	8	{	{	PUNCT
ejpam-801	170	9	ηt	ηt	ADP
ejpam-801	170	10	}	}	PUNCT
ejpam-801	170	11	are	be	AUX
ejpam-801	170	12	assumed	assume	VERB
ejpam-801	170	13	to	to	PART
ejpam-801	170	14	be	be	AUX
ejpam-801	170	15	mutually	mutually	ADV
ejpam-801	170	16	independent	independent	ADJ
ejpam-801	170	17	.	.	PUNCT
ejpam-801	171	1	one	one	NUM
ejpam-801	171	2	motivation	motivation	NOUN
ejpam-801	171	3	for	for	ADP
ejpam-801	171	4	the	the	DET
ejpam-801	171	5	egarch	egarch	NOUN
ejpam-801	171	6	model	model	NOUN
ejpam-801	171	7	has	have	AUX
ejpam-801	171	8	been	be	AUX
ejpam-801	171	9	the	the	DET
ejpam-801	171	10	need	need	NOUN
ejpam-801	171	11	to	to	PART
ejpam-801	171	12	capture	capture	VERB
ejpam-801	171	13	the	the	DET
ejpam-801	171	14	nonsymmetric	nonsymmetric	ADJ
ejpam-801	171	15	response	response	NOUN
ejpam-801	171	16	to	to	ADP
ejpam-801	171	17	the	the	DET
ejpam-801	171	18	sign	sign	NOUN
ejpam-801	171	19	of	of	ADP
ejpam-801	171	20	the	the	DET
ejpam-801	171	21	shock	shock	NOUN
ejpam-801	171	22	.	.	PUNCT
ejpam-801	172	1	if	if	SCONJ
ejpam-801	172	2	zt	zt	PROPN
ejpam-801	172	3	and	and	CCONJ
ejpam-801	172	4	ηt	ηt	ADP
ejpam-801	172	5	are	be	AUX
ejpam-801	172	6	assumed	assume	VERB
ejpam-801	172	7	to	to	PART
ejpam-801	172	8	be	be	AUX
ejpam-801	172	9	correlated	correlate	VERB
ejpam-801	172	10	with	with	ADP
ejpam-801	172	11	each	each	DET
ejpam-801	172	12	other	other	ADJ
ejpam-801	172	13	,	,	PUNCT
ejpam-801	172	14	the	the	DET
ejpam-801	172	15	arsv(1	arsv(1	NOUN
ejpam-801	172	16	)	)	PUNCT
ejpam-801	172	17	model	model	NOUN
ejpam-801	172	18	also	also	ADV
ejpam-801	172	19	allows	allow	VERB
ejpam-801	172	20	for	for	ADP
ejpam-801	172	21	asymmetry	asymmetry	NOUN
ejpam-801	172	22	.	.	PUNCT
ejpam-801	173	1	the	the	DET
ejpam-801	173	2	model	model	NOUN
ejpam-801	173	3	can	can	AUX
ejpam-801	173	4	be	be	AUX
ejpam-801	173	5	generalized	generalize	VERB
ejpam-801	173	6	such	such	ADJ
ejpam-801	173	7	that	that	SCONJ
ejpam-801	173	8	ln	ln	NOUN
ejpam-801	173	9	ht	ht	PROPN
ejpam-801	173	10	follows	follow	VERB
ejpam-801	173	11	an	an	DET
ejpam-801	173	12	arma(p	arma(p	PROPN
ejpam-801	173	13	,	,	PUNCT
ejpam-801	173	14	q	q	NOUN
ejpam-801	173	15	)	)	PUNCT
ejpam-801	173	16	process	process	NOUN
ejpam-801	173	17	,	,	PUNCT
ejpam-801	173	18	but	but	CCONJ
ejpam-801	173	19	in	in	ADP
ejpam-801	173	20	this	this	DET
ejpam-801	173	21	work	work	NOUN
ejpam-801	173	22	we	we	PRON
ejpam-801	173	23	only	only	ADV
ejpam-801	173	24	consider	consider	VERB
ejpam-801	173	25	the	the	DET
ejpam-801	173	26	arsv(1	arsv(1	NOUN
ejpam-801	173	27	)	)	PUNCT
ejpam-801	173	28	model	model	NOUN
ejpam-801	173	29	.	.	PUNCT
ejpam-801	174	1	as	as	ADP
ejpam-801	174	2	ηt	ηt	ADV
ejpam-801	174	3	is	be	AUX
ejpam-801	174	4	normally	normally	ADV
ejpam-801	174	5	distributed	distribute	VERB
ejpam-801	174	6	,	,	PUNCT
ejpam-801	174	7	ln	ln	ADV
ejpam-801	174	8	ht	ht	PROPN
ejpam-801	174	9	is	be	AUX
ejpam-801	174	10	also	also	ADV
ejpam-801	174	11	normally	normally	ADV
ejpam-801	174	12	distributed	distribute	VERB
ejpam-801	174	13	.	.	PUNCT
ejpam-801	175	1	from	from	ADP
ejpam-801	175	2	standard	standard	ADJ
ejpam-801	175	3	theory	theory	NOUN
ejpam-801	175	4	we	we	PRON
ejpam-801	175	5	know	know	VERB
ejpam-801	175	6	that	that	SCONJ
ejpam-801	175	7	all	all	DET
ejpam-801	175	8	moments	moment	NOUN
ejpam-801	175	9	of	of	ADP
ejpam-801	175	10	lnht	lnht	NOUN
ejpam-801	175	11	exist	exist	VERB
ejpam-801	175	12	if	if	SCONJ
ejpam-801	175	13	and	and	CCONJ
ejpam-801	175	14	only	only	ADV
ejpam-801	175	15	if	if	SCONJ
ejpam-801	175	16	�	�	PROPN
ejpam-801	175	17	�	�	PROPN
ejpam-801	175	18	β	β	PROPN
ejpam-801	175	19	�	�	PROPN
ejpam-801	175	20	�	�	PROPN
ejpam-801	175	21	<	<	X
ejpam-801	175	22	1	1	NUM
ejpam-801	175	23	(	(	PUNCT
ejpam-801	175	24	16	16	NUM
ejpam-801	175	25	)	)	PUNCT
ejpam-801	175	26	in	in	ADP
ejpam-801	175	27	(	(	PUNCT
ejpam-801	175	28	15	15	NUM
ejpam-801	175	29	)	)	PUNCT
ejpam-801	175	30	.	.	PUNCT
ejpam-801	176	1	thus	thus	ADV
ejpam-801	176	2	,	,	PUNCT
ejpam-801	176	3	if	if	SCONJ
ejpam-801	176	4	�	�	PROPN
ejpam-801	176	5	�	�	PROPN
ejpam-801	176	6	β	β	SYM
ejpam-801	176	7	�	�	NOUN
ejpam-801	176	8	�	�	PROPN
ejpam-801	176	9	<	<	X
ejpam-801	176	10	1	1	NUM
ejpam-801	176	11	and	and	CCONJ
ejpam-801	176	12	all	all	DET
ejpam-801	176	13	moments	moment	NOUN
ejpam-801	176	14	of	of	ADP
ejpam-801	176	15	zt	zt	PROPN
ejpam-801	176	16	exist	exist	VERB
ejpam-801	176	17	then	then	ADV
ejpam-801	176	18	all	all	DET
ejpam-801	176	19	moment	moment	NOUN
ejpam-801	176	20	of	of	ADP
ejpam-801	176	21	ǫt	ǫt	PROPN
ejpam-801	176	22	in	in	ADP
ejpam-801	176	23	(	(	PUNCT
ejpam-801	176	24	14	14	NUM
ejpam-801	176	25	)	)	PUNCT
ejpam-801	176	26	exist	exist	VERB
ejpam-801	176	27	as	as	ADV
ejpam-801	176	28	well	well	ADV
ejpam-801	176	29	,	,	PUNCT
ejpam-801	176	30	as	as	SCONJ
ejpam-801	176	31	they	they	PRON
ejpam-801	176	32	do	do	VERB
ejpam-801	176	33	in	in	ADP
ejpam-801	176	34	the	the	DET
ejpam-801	176	35	egarch(1,1	egarch(1,1	NOUN
ejpam-801	176	36	)	)	PUNCT
ejpam-801	176	37	model	model	NOUN
ejpam-801	176	38	.	.	PUNCT
ejpam-801	177	1	if	if	SCONJ
ejpam-801	177	2	condition	condition	NOUN
ejpam-801	177	3	(	(	PUNCT
ejpam-801	177	4	16	16	NUM
ejpam-801	177	5	)	)	PUNCT
ejpam-801	177	6	is	be	AUX
ejpam-801	177	7	satisfied	satisfied	ADJ
ejpam-801	177	8	,	,	PUNCT
ejpam-801	177	9	the	the	DET
ejpam-801	177	10	kurtosis	kurtosis	NOUN
ejpam-801	177	11	of	of	ADP
ejpam-801	177	12	ǫt	ǫt	PROPN
ejpam-801	177	13	is	be	AUX
ejpam-801	177	14	given	give	VERB
ejpam-801	177	15	by	by	ADP
ejpam-801	177	16	κ4	κ4	NOUN
ejpam-801	177	17	=	=	SYM
ejpam-801	177	18	κ4(zt)exp{σ2	κ4(zt)exp{σ2	NOUN
ejpam-801	177	19	h	h	NOUN
ejpam-801	177	20	}	}	PUNCT
ejpam-801	177	21	,	,	PUNCT
ejpam-801	177	22	(	(	PUNCT
ejpam-801	177	23	17	17	NUM
ejpam-801	177	24	)	)	PUNCT
ejpam-801	177	25	where	where	SCONJ
ejpam-801	177	26	σ2	σ2	NOUN
ejpam-801	177	27	h	h	PROPN
ejpam-801	177	28	=	=	PROPN
ejpam-801	177	29	σ2	σ2	PROPN
ejpam-801	177	30	η/(1−	η/(1−	VERB
ejpam-801	177	31	β	β	X
ejpam-801	177	32	2	2	NUM
ejpam-801	177	33	)	)	PUNCT
ejpam-801	177	34	is	be	AUX
ejpam-801	177	35	the	the	DET
ejpam-801	177	36	variance	variance	NOUN
ejpam-801	177	37	of	of	ADP
ejpam-801	177	38	ln	ln	PROPN
ejpam-801	177	39	ht	ht	PROPN
ejpam-801	177	40	.	.	PUNCT
ejpam-801	178	1	thus	thus	ADV
ejpam-801	178	2	κ4	κ4	PROPN
ejpam-801	178	3	>	>	X
ejpam-801	178	4	κ4(zt	κ4(zt	PROPN
ejpam-801	178	5	)	)	PUNCT
ejpam-801	178	6	,	,	PUNCT
ejpam-801	178	7	so	so	SCONJ
ejpam-801	178	8	that	that	SCONJ
ejpam-801	178	9	if	if	SCONJ
ejpam-801	178	10	zt	zt	PROPN
ejpam-801	178	11	∼nid(0,1	∼nid(0,1	NOUN
ejpam-801	178	12	)	)	PUNCT
ejpam-801	178	13	,	,	PUNCT
ejpam-801	178	14	ǫt	ǫt	PROPN
ejpam-801	178	15	is	be	AUX
ejpam-801	178	16	leptokurtic	leptokurtic	ADJ
ejpam-801	178	17	.	.	PUNCT
ejpam-801	179	1	formula	formula	NOUN
ejpam-801	179	2	(	(	PUNCT
ejpam-801	179	3	17	17	NUM
ejpam-801	179	4	)	)	PUNCT
ejpam-801	179	5	bears	bear	VERB
ejpam-801	179	6	considerable	considerable	ADJ
ejpam-801	179	7	resemblance	resemblance	NOUN
ejpam-801	179	8	to	to	ADP
ejpam-801	179	9	(	(	PUNCT
ejpam-801	179	10	11	11	NUM
ejpam-801	179	11	)	)	PUNCT
ejpam-801	179	12	.	.	PUNCT
ejpam-801	180	1	in	in	ADP
ejpam-801	180	2	the	the	DET
ejpam-801	180	3	arsv(1	arsv(1	NOUN
ejpam-801	180	4	)	)	PUNCT
ejpam-801	180	5	model	model	NOUN
ejpam-801	180	6	(	(	PUNCT
ejpam-801	180	7	14	14	NUM
ejpam-801	180	8	)	)	PUNCT
ejpam-801	180	9	and	and	CCONJ
ejpam-801	180	10	(	(	PUNCT
ejpam-801	180	11	15	15	NUM
ejpam-801	180	12	)	)	PUNCT
ejpam-801	180	13	,	,	PUNCT
ejpam-801	180	14	zt	zt	PROPN
ejpam-801	180	15	and	and	CCONJ
ejpam-801	180	16	ηt	ηt	ADP
ejpam-801	180	17	are	be	AUX
ejpam-801	180	18	independent	independent	ADJ
ejpam-801	180	19	.	.	PUNCT
ejpam-801	181	1	the	the	DET
ejpam-801	181	2	same	same	ADJ
ejpam-801	181	3	is	be	AUX
ejpam-801	181	4	true	true	ADJ
ejpam-801	181	5	for	for	ADP
ejpam-801	181	6	zt	zt	PROPN
ejpam-801	181	7	and	and	CCONJ
ejpam-801	181	8	zt−1	zt−1	PROPN
ejpam-801	181	9	in	in	ADP
ejpam-801	181	10	the	the	DET
ejpam-801	181	11	egarch(1,1	egarch(1,1	NOUN
ejpam-801	181	12	)	)	PUNCT
ejpam-801	181	13	model	model	NOUN
ejpam-801	181	14	.	.	PUNCT
ejpam-801	182	1	when	when	SCONJ
ejpam-801	182	2	ψ1	ψ1	NOUN
ejpam-801	182	3	=	=	SYM
ejpam-801	182	4	0	0	NUM
ejpam-801	182	5	in	in	ADP
ejpam-801	182	6	the	the	DET
ejpam-801	182	7	latter	latter	ADJ
ejpam-801	182	8	model	model	NOUN
ejpam-801	182	9	,	,	PUNCT
ejpam-801	182	10	the	the	DET
ejpam-801	182	11	moment	moment	NOUN
ejpam-801	182	12	expressions	expression	NOUN
ejpam-801	182	13	for	for	ADP
ejpam-801	182	14	the	the	DET
ejpam-801	182	15	two	two	NUM
ejpam-801	182	16	models	model	NOUN
ejpam-801	182	17	therefore	therefore	ADV
ejpam-801	182	18	look	look	VERB
ejpam-801	182	19	alike	alike	ADV
ejpam-801	182	20	.	.	PUNCT
ejpam-801	183	1	as	as	ADP
ejpam-801	183	2	in	in	ADP
ejpam-801	183	3	egarch	egarch	NOUN
ejpam-801	183	4	models	model	NOUN
ejpam-801	183	5	it	it	PRON
ejpam-801	183	6	is	be	AUX
ejpam-801	183	7	possible	possible	ADJ
ejpam-801	183	8	to	to	PART
ejpam-801	183	9	derive	derive	VERB
ejpam-801	183	10	the	the	DET
ejpam-801	183	11	autocorrelation	autocorrelation	NOUN
ejpam-801	183	12	function	function	NOUN
ejpam-801	183	13	for	for	ADP
ejpam-801	183	14	any	any	DET
ejpam-801	183	15	�	�	PROPN
ejpam-801	183	16	�	�	PROPN
ejpam-801	183	17	ǫt	ǫt	PROPN
ejpam-801	183	18	�	�	PROPN
ejpam-801	183	19	�	�	PROPN
ejpam-801	183	20	2	2	NUM
ejpam-801	183	21	m	m	NOUN
ejpam-801	183	22	,	,	PUNCT
ejpam-801	183	23	m	m	VERB
ejpam-801	183	24	>	>	X
ejpam-801	183	25	0	0	NUM
ejpam-801	183	26	,	,	PUNCT
ejpam-801	183	27	when	when	SCONJ
ejpam-801	183	28	{	{	PUNCT
ejpam-801	183	29	ǫt	ǫt	NOUN
ejpam-801	183	30	}	}	PUNCT
ejpam-801	183	31	obeys	obey	VERB
ejpam-801	183	32	an	an	DET
ejpam-801	183	33	arsv(1	arsv(1	NOUN
ejpam-801	183	34	)	)	PUNCT
ejpam-801	183	35	model	model	NOUN
ejpam-801	183	36	(	(	PUNCT
ejpam-801	183	37	14	14	NUM
ejpam-801	183	38	)	)	PUNCT
ejpam-801	183	39	and	and	CCONJ
ejpam-801	183	40	(	(	PUNCT
ejpam-801	183	41	15	15	NUM
ejpam-801	183	42	)	)	PUNCT
ejpam-801	183	43	.	.	PUNCT
ejpam-801	184	1	when	when	SCONJ
ejpam-801	184	2	(	(	PUNCT
ejpam-801	184	3	16	16	NUM
ejpam-801	184	4	)	)	PUNCT
ejpam-801	184	5	holds	hold	VERB
ejpam-801	184	6	,	,	PUNCT
ejpam-801	184	7	then	then	ADV
ejpam-801	184	8	the	the	DET
ejpam-801	184	9	h.	h.	PROPN
ejpam-801	184	10	malmsten	malmsten	PROPN
ejpam-801	184	11	and	and	CCONJ
ejpam-801	184	12	t.	t.	PROPN
ejpam-801	184	13	teräsvirta	teräsvirta	PROPN
ejpam-801	184	14	/	/	SYM
ejpam-801	184	15	eur	eur	PROPN
ejpam-801	184	16	.	.	PUNCT
ejpam-801	185	1	j.	j.	PROPN
ejpam-801	185	2	pure	pure	PROPN
ejpam-801	185	3	appl	appl	PROPN
ejpam-801	185	4	.	.	PROPN
ejpam-801	185	5	math	math	PROPN
ejpam-801	185	6	,	,	PUNCT
ejpam-801	185	7	3	3	NUM
ejpam-801	185	8	(	(	PUNCT
ejpam-801	185	9	2010	2010	NUM
ejpam-801	185	10	)	)	PUNCT
ejpam-801	185	11	,	,	PUNCT
ejpam-801	185	12	443	443	NUM
ejpam-801	185	13	-	-	SYM
ejpam-801	185	14	477	477	NUM
ejpam-801	185	15	450	450	NUM
ejpam-801	185	16	autocorrelation	autocorrelation	NOUN
ejpam-801	185	17	function	function	NOUN
ejpam-801	185	18	of	of	ADP
ejpam-801	185	19	{	{	PUNCT
ejpam-801	185	20	�	�	PROPN
ejpam-801	185	21	�	�	PROPN
ejpam-801	185	22	ǫt	ǫt	PROPN
ejpam-801	185	23	�	�	PROPN
ejpam-801	185	24	�	�	PROPN
ejpam-801	185	25	2	2	NUM
ejpam-801	185	26	m	m	VERB
ejpam-801	185	27	}	}	PUNCT
ejpam-801	185	28	is	be	AUX
ejpam-801	185	29	defined	define	VERB
ejpam-801	185	30	as	as	ADP
ejpam-801	185	31	follows	follow	VERB
ejpam-801	185	32	,	,	PUNCT
ejpam-801	185	33	see	see	VERB
ejpam-801	185	34	[	[	X
ejpam-801	185	35	17	17	NUM
ejpam-801	185	36	]	]	NUM
ejpam-801	185	37	:	:	PUNCT
ejpam-801	185	38	ρn(m	ρn(m	X
ejpam-801	185	39	)	)	PUNCT
ejpam-801	185	40	=	=	PUNCT
ejpam-801	185	41	exp(m2σ2	exp(m2σ2	X
ejpam-801	186	1	h	h	NOUN
ejpam-801	186	2	βn)−	βn)−	NUM
ejpam-801	186	3	1	1	NUM
ejpam-801	186	4	κm	κm	NOUN
ejpam-801	186	5	exp(m2σ2	exp(m2σ2	NOUN
ejpam-801	186	6	h	h	NOUN
ejpam-801	186	7	)	)	PUNCT
ejpam-801	186	8	−	−	PROPN
ejpam-801	186	9	1	1	NUM
ejpam-801	186	10	,	,	PUNCT
ejpam-801	186	11	n¾	n¾	VERB
ejpam-801	186	12	1	1	NUM
ejpam-801	186	13	,	,	PUNCT
ejpam-801	186	14	(	(	PUNCT
ejpam-801	186	15	18	18	NUM
ejpam-801	186	16	)	)	PUNCT
ejpam-801	186	17	where	where	SCONJ
ejpam-801	186	18	κm	κm	PROPN
ejpam-801	186	19	equals	equal	VERB
ejpam-801	186	20	κm	κm	PROPN
ejpam-801	186	21	=	=	SYM
ejpam-801	186	22	e	e	PROPN
ejpam-801	186	23	�	�	PROPN
ejpam-801	186	24	�	�	PROPN
ejpam-801	186	25	zt	zt	PROPN
ejpam-801	186	26	�	�	PROPN
ejpam-801	186	27	�	�	PROPN
ejpam-801	186	28	4	4	NUM
ejpam-801	186	29	m	m	PROPN
ejpam-801	186	30	/(e	/(e	PROPN
ejpam-801	186	31	�	�	PROPN
ejpam-801	186	32	�	�	PROPN
ejpam-801	186	33	zt	zt	PROPN
ejpam-801	186	34	�	�	PROPN
ejpam-801	186	35	�	�	PROPN
ejpam-801	186	36	2	2	NUM
ejpam-801	186	37	m	m	NOUN
ejpam-801	186	38	)	)	PUNCT
ejpam-801	186	39	2	2	X
ejpam-801	186	40	.	.	PUNCT
ejpam-801	187	1	(	(	PUNCT
ejpam-801	187	2	19	19	NUM
ejpam-801	187	3	)	)	PUNCT
ejpam-801	187	4	the	the	DET
ejpam-801	187	5	autocorrelation	autocorrelation	NOUN
ejpam-801	187	6	function	function	NOUN
ejpam-801	187	7	of	of	ADP
ejpam-801	187	8	{	{	PUNCT
ejpam-801	187	9	�	�	PROPN
ejpam-801	187	10	�	�	PROPN
ejpam-801	187	11	ǫt	ǫt	PROPN
ejpam-801	187	12	�	�	PROPN
ejpam-801	187	13	�	�	PROPN
ejpam-801	187	14	2	2	NUM
ejpam-801	187	15	m	m	VERB
ejpam-801	187	16	}	}	PUNCT
ejpam-801	187	17	has	have	VERB
ejpam-801	187	18	the	the	DET
ejpam-801	187	19	property	property	NOUN
ejpam-801	187	20	that	that	PRON
ejpam-801	187	21	the	the	DET
ejpam-801	187	22	decay	decay	NOUN
ejpam-801	187	23	rate	rate	NOUN
ejpam-801	187	24	is	be	AUX
ejpam-801	187	25	faster	fast	ADJ
ejpam-801	187	26	than	than	ADP
ejpam-801	187	27	exponential	exponential	ADJ
ejpam-801	187	28	at	at	ADP
ejpam-801	187	29	short	short	ADJ
ejpam-801	187	30	lags	lag	NOUN
ejpam-801	187	31	and	and	CCONJ
ejpam-801	187	32	stabilizes	stabilize	VERB
ejpam-801	187	33	to	to	ADP
ejpam-801	187	34	β	β	PROPN
ejpam-801	187	35	as	as	ADP
ejpam-801	187	36	the	the	DET
ejpam-801	187	37	lag	lag	NOUN
ejpam-801	187	38	length	length	NOUN
ejpam-801	187	39	increases	increase	NOUN
ejpam-801	187	40	,	,	PUNCT
ejpam-801	187	41	analogously	analogously	ADV
ejpam-801	187	42	to	to	ADP
ejpam-801	187	43	the	the	DET
ejpam-801	187	44	egarch	egarch	NOUN
ejpam-801	187	45	model	model	NOUN
ejpam-801	187	46	.	.	PUNCT
ejpam-801	188	1	thus	thus	ADV
ejpam-801	188	2	,	,	PUNCT
ejpam-801	188	3	the	the	DET
ejpam-801	188	4	decay	decay	NOUN
ejpam-801	188	5	of	of	ADP
ejpam-801	188	6	the	the	DET
ejpam-801	188	7	autocorrelations	autocorrelation	NOUN
ejpam-801	188	8	is	be	AUX
ejpam-801	188	9	controlled	control	VERB
ejpam-801	188	10	by	by	ADP
ejpam-801	188	11	β	β	X
ejpam-801	188	12	only	only	ADV
ejpam-801	188	13	.	.	PUNCT
ejpam-801	189	1	4	4	X
ejpam-801	189	2	.	.	X
ejpam-801	189	3	kurtosis	kurtosis	NOUN
ejpam-801	189	4	-	-	PUNCT
ejpam-801	189	5	autocorrelation	autocorrelation	NOUN
ejpam-801	189	6	relationship	relationship	NOUN
ejpam-801	189	7	4.1	4.1	NUM
ejpam-801	189	8	.	.	PUNCT
ejpam-801	190	1	garch(1,1	garch(1,1	NOUN
ejpam-801	190	2	)	)	PUNCT
ejpam-801	190	3	model	model	NOUN
ejpam-801	190	4	the	the	DET
ejpam-801	190	5	results	result	NOUN
ejpam-801	190	6	in	in	ADP
ejpam-801	190	7	the	the	DET
ejpam-801	190	8	preceding	precede	VERB
ejpam-801	190	9	section	section	NOUN
ejpam-801	190	10	make	make	VERB
ejpam-801	190	11	it	it	PRON
ejpam-801	190	12	possible	possible	ADJ
ejpam-801	190	13	to	to	PART
ejpam-801	190	14	consider	consider	VERB
ejpam-801	190	15	how	how	SCONJ
ejpam-801	190	16	well	well	ADV
ejpam-801	190	17	the	the	DET
ejpam-801	190	18	models	model	NOUN
ejpam-801	190	19	fits	fit	VERB
ejpam-801	190	20	the	the	DET
ejpam-801	190	21	first	first	ADJ
ejpam-801	190	22	stylized	stylize	VERB
ejpam-801	190	23	fact	fact	NOUN
ejpam-801	190	24	of	of	ADP
ejpam-801	190	25	financial	financial	ADJ
ejpam-801	190	26	time	time	NOUN
ejpam-801	190	27	series	series	PROPN
ejpam-801	190	28	mentioned	mention	VERB
ejpam-801	190	29	in	in	ADP
ejpam-801	190	30	section	section	NOUN
ejpam-801	190	31	2	2	NUM
ejpam-801	190	32	:	:	PUNCT
ejpam-801	190	33	leptokurtosis	leptokurtosis	NOUN
ejpam-801	190	34	and	and	CCONJ
ejpam-801	190	35	low	low	ADJ
ejpam-801	190	36	but	but	CCONJ
ejpam-801	190	37	rather	rather	ADV
ejpam-801	190	38	persistent	persistent	ADJ
ejpam-801	190	39	autocorrelation	autocorrelation	NOUN
ejpam-801	190	40	of	of	ADP
ejpam-801	190	41	the	the	DET
ejpam-801	190	42	squared	squared	ADJ
ejpam-801	190	43	observations	observation	NOUN
ejpam-801	190	44	or	or	CCONJ
ejpam-801	190	45	errors	error	NOUN
ejpam-801	190	46	.	.	PUNCT
ejpam-801	191	1	consider	consider	VERB
ejpam-801	191	2	garch(1,1	garch(1,1	NOUN
ejpam-801	191	3	)	)	PUNCT
ejpam-801	191	4	model	model	NOUN
ejpam-801	191	5	with	with	ADP
ejpam-801	191	6	normal	normal	ADJ
ejpam-801	191	7	errors	error	NOUN
ejpam-801	191	8	and	and	CCONJ
ejpam-801	191	9	express	express	VERB
ejpam-801	191	10	the	the	DET
ejpam-801	191	11	autocorrelation	autocorrelation	NOUN
ejpam-801	191	12	function	function	NOUN
ejpam-801	191	13	(	(	PUNCT
ejpam-801	191	14	7	7	NUM
ejpam-801	191	15	)	)	PUNCT
ejpam-801	191	16	as	as	ADP
ejpam-801	191	17	a	a	DET
ejpam-801	191	18	function	function	NOUN
ejpam-801	191	19	of	of	ADP
ejpam-801	191	20	the	the	DET
ejpam-801	191	21	kurtosis	kurtosis	NOUN
ejpam-801	191	22	(	(	PUNCT
ejpam-801	191	23	5	5	NUM
ejpam-801	191	24	)	)	PUNCT
ejpam-801	191	25	.	.	PUNCT
ejpam-801	192	1	this	this	DET
ejpam-801	192	2	yields	yield	VERB
ejpam-801	192	3	ρn	ρn	INTJ
ejpam-801	193	1	=	=	SYM
ejpam-801	193	2	(	(	PUNCT
ejpam-801	193	3	α1	α1	PROPN
ejpam-801	193	4	+	+	CCONJ
ejpam-801	193	5	β1	β1	PROPN
ejpam-801	193	6	)	)	PUNCT
ejpam-801	193	7	n−1	n−1	PROPN
ejpam-801	193	8	(	(	PUNCT
ejpam-801	193	9	β1(1−	β1(1−	PROPN
ejpam-801	193	10	3κ−1	3κ−1	PROPN
ejpam-801	193	11	4	4	NUM
ejpam-801	193	12	)	)	PUNCT
ejpam-801	193	13	3(1−	3(1−	NUM
ejpam-801	194	1	κ−1	κ−1	PROPN
ejpam-801	194	2	4	4	NUM
ejpam-801	194	3	)	)	PUNCT
ejpam-801	194	4	+	+	NOUN
ejpam-801	194	5	α1	α1	PROPN
ejpam-801	194	6	)	)	PUNCT
ejpam-801	194	7	,	,	PUNCT
ejpam-801	194	8	n≥	n≥	PROPN
ejpam-801	194	9	1	1	X
ejpam-801	194	10	.	.	PUNCT
ejpam-801	195	1	(	(	PUNCT
ejpam-801	195	2	20	20	NUM
ejpam-801	195	3	)	)	PUNCT
ejpam-801	195	4	figure	figure	NOUN
ejpam-801	195	5	2	2	NUM
ejpam-801	195	6	illuminates	illuminate	VERB
ejpam-801	195	7	the	the	DET
ejpam-801	195	8	relationship	relationship	NOUN
ejpam-801	195	9	between	between	ADP
ejpam-801	195	10	the	the	DET
ejpam-801	195	11	kurtosis	kurtosis	NOUN
ejpam-801	195	12	κ4	κ4	NOUN
ejpam-801	195	13	and	and	CCONJ
ejpam-801	195	14	the	the	DET
ejpam-801	195	15	autocorrelation	autocorrelation	NOUN
ejpam-801	195	16	ρ1	ρ1	NOUN
ejpam-801	195	17	.	.	PUNCT
ejpam-801	196	1	it	it	PRON
ejpam-801	196	2	contains	contain	VERB
ejpam-801	196	3	isoquants	isoquant	NOUN
ejpam-801	196	4	,	,	PUNCT
ejpam-801	196	5	curves	curve	NOUN
ejpam-801	196	6	defined	define	VERB
ejpam-801	196	7	by	by	ADP
ejpam-801	196	8	sets	set	NOUN
ejpam-801	196	9	of	of	ADP
ejpam-801	196	10	points	point	NOUN
ejpam-801	196	11	for	for	ADP
ejpam-801	196	12	which	which	PRON
ejpam-801	196	13	the	the	DET
ejpam-801	196	14	sum	sum	NOUN
ejpam-801	196	15	α1	α1	PROPN
ejpam-801	196	16	+	+	CCONJ
ejpam-801	196	17	β1	β1	PROPN
ejpam-801	196	18	has	have	VERB
ejpam-801	196	19	the	the	DET
ejpam-801	196	20	same	same	ADJ
ejpam-801	196	21	value	value	NOUN
ejpam-801	196	22	.	.	PUNCT
ejpam-801	197	1	the	the	DET
ejpam-801	197	2	kurtosis	kurtosis	NOUN
ejpam-801	197	3	and	and	CCONJ
ejpam-801	197	4	the	the	DET
ejpam-801	197	5	first	first	ADJ
ejpam-801	197	6	-	-	PUNCT
ejpam-801	197	7	order	order	NOUN
ejpam-801	197	8	autocorrelation	autocorrelation	NOUN
ejpam-801	197	9	of	of	ADP
ejpam-801	197	10	squared	square	VERB
ejpam-801	197	11	observations	observation	NOUN
ejpam-801	197	12	are	be	AUX
ejpam-801	197	13	both	both	PRON
ejpam-801	197	14	increasing	increase	VERB
ejpam-801	197	15	functions	function	NOUN
ejpam-801	197	16	of	of	ADP
ejpam-801	197	17	α1	α1	PROPN
ejpam-801	197	18	when	when	SCONJ
ejpam-801	197	19	α1+β1	α1+β1	PROPN
ejpam-801	197	20	equals	equal	VERB
ejpam-801	197	21	a	a	DET
ejpam-801	197	22	constant	constant	ADJ
ejpam-801	197	23	.	.	PUNCT
ejpam-801	198	1	they	they	PRON
ejpam-801	198	2	all	all	PRON
ejpam-801	198	3	start	start	VERB
ejpam-801	198	4	at	at	ADP
ejpam-801	198	5	κ4	κ4	NOUN
ejpam-801	198	6	=	=	SYM
ejpam-801	198	7	3	3	NUM
ejpam-801	198	8	and	and	CCONJ
ejpam-801	198	9	ρ1	ρ1	NOUN
ejpam-801	198	10	=	=	SYM
ejpam-801	198	11	0	0	NUM
ejpam-801	198	12	where	where	SCONJ
ejpam-801	198	13	α1	α1	PROPN
ejpam-801	198	14	=	=	SYM
ejpam-801	198	15	0	0	NUM
ejpam-801	198	16	and	and	CCONJ
ejpam-801	198	17	the	the	DET
ejpam-801	198	18	garch(1,1	garch(1,1	NOUN
ejpam-801	198	19	)	)	PUNCT
ejpam-801	198	20	model	model	NOUN
ejpam-801	198	21	is	be	AUX
ejpam-801	198	22	unidentified	unidentified	ADJ
ejpam-801	198	23	(	(	PUNCT
ejpam-801	198	24	the	the	DET
ejpam-801	198	25	conditional	conditional	ADJ
ejpam-801	198	26	variance	variance	NOUN
ejpam-801	198	27	equals	equal	VERB
ejpam-801	198	28	unity	unity	NOUN
ejpam-801	198	29	)	)	PUNCT
ejpam-801	198	30	.	.	PUNCT
ejpam-801	199	1	for	for	ADP
ejpam-801	199	2	previous	previous	ADJ
ejpam-801	199	3	examples	example	NOUN
ejpam-801	199	4	of	of	ADP
ejpam-801	199	5	similar	similar	ADJ
ejpam-801	199	6	figures	figure	NOUN
ejpam-801	199	7	,	,	PUNCT
ejpam-801	199	8	see	see	VERB
ejpam-801	199	9	[	[	X
ejpam-801	199	10	51	51	NUM
ejpam-801	199	11	,	,	PUNCT
ejpam-801	199	12	36	36	NUM
ejpam-801	199	13	,	,	PUNCT
ejpam-801	199	14	2	2	NUM
ejpam-801	199	15	]	]	PUNCT
ejpam-801	199	16	.	.	PUNCT
ejpam-801	200	1	slightly	slightly	ADV
ejpam-801	200	2	different	different	ADJ
ejpam-801	200	3	contour	contour	NOUN
ejpam-801	200	4	plots	plot	NOUN
ejpam-801	200	5	for	for	ADP
ejpam-801	200	6	the	the	DET
ejpam-801	200	7	garch(1,1	garch(1,1	NOUN
ejpam-801	200	8	)	)	PUNCT
ejpam-801	200	9	model	model	NOUN
ejpam-801	200	10	can	can	AUX
ejpam-801	200	11	be	be	AUX
ejpam-801	200	12	found	find	VERB
ejpam-801	200	13	in	in	ADP
ejpam-801	200	14	[	[	X
ejpam-801	200	15	3	3	NUM
ejpam-801	200	16	]	]	PUNCT
ejpam-801	200	17	.	.	PUNCT
ejpam-801	201	1	it	it	PRON
ejpam-801	201	2	is	be	AUX
ejpam-801	201	3	seen	see	VERB
ejpam-801	201	4	from	from	ADP
ejpam-801	201	5	the	the	DET
ejpam-801	201	6	present	present	ADJ
ejpam-801	201	7	figure	figure	NOUN
ejpam-801	201	8	that	that	SCONJ
ejpam-801	201	9	the	the	DET
ejpam-801	201	10	first	first	ADJ
ejpam-801	201	11	-	-	PUNCT
ejpam-801	201	12	order	order	NOUN
ejpam-801	201	13	autocorrelation	autocorrelation	NOUN
ejpam-801	201	14	first	first	ADV
ejpam-801	201	15	increases	increase	VERB
ejpam-801	201	16	rapidly	rapidly	ADV
ejpam-801	201	17	as	as	ADP
ejpam-801	201	18	a	a	DET
ejpam-801	201	19	function	function	NOUN
ejpam-801	201	20	of	of	ADP
ejpam-801	201	21	the	the	DET
ejpam-801	201	22	kurtosis	kurtosis	NOUN
ejpam-801	201	23	(	(	PUNCT
ejpam-801	201	24	and	and	CCONJ
ejpam-801	201	25	α1	α1	NOUN
ejpam-801	201	26	)	)	PUNCT
ejpam-801	201	27	and	and	CCONJ
ejpam-801	201	28	that	that	SCONJ
ejpam-801	201	29	the	the	DET
ejpam-801	201	30	increase	increase	NOUN
ejpam-801	201	31	gradually	gradually	ADV
ejpam-801	201	32	slows	slow	VERB
ejpam-801	201	33	down	down	ADP
ejpam-801	201	34	.	.	PUNCT
ejpam-801	202	1	it	it	PRON
ejpam-801	202	2	is	be	AUX
ejpam-801	202	3	also	also	ADV
ejpam-801	202	4	clear	clear	ADJ
ejpam-801	202	5	that	that	SCONJ
ejpam-801	202	6	the	the	DET
ejpam-801	202	7	autocorrelation	autocorrelation	NOUN
ejpam-801	202	8	decreases	decrease	VERB
ejpam-801	202	9	as	as	ADP
ejpam-801	202	10	a	a	DET
ejpam-801	202	11	function	function	NOUN
ejpam-801	202	12	of	of	ADP
ejpam-801	202	13	α1	α1	PROPN
ejpam-801	202	14	+	+	CCONJ
ejpam-801	202	15	β1	β1	NOUN
ejpam-801	202	16	when	when	SCONJ
ejpam-801	202	17	the	the	DET
ejpam-801	202	18	kurtosis	kurtosis	NOUN
ejpam-801	202	19	is	be	AUX
ejpam-801	202	20	held	hold	VERB
ejpam-801	202	21	constant	constant	ADJ
ejpam-801	202	22	.	.	PUNCT
ejpam-801	203	1	nevertheless	nevertheless	ADV
ejpam-801	203	2	,	,	PUNCT
ejpam-801	203	3	low	low	ADJ
ejpam-801	203	4	autocorrelations	autocorrelation	NOUN
ejpam-801	203	5	can	can	AUX
ejpam-801	203	6	not	not	PART
ejpam-801	203	7	exist	exist	VERB
ejpam-801	203	8	with	with	ADP
ejpam-801	203	9	high	high	ADJ
ejpam-801	203	10	kurtosis	kurtosis	NOUN
ejpam-801	203	11	.	.	PUNCT
ejpam-801	204	1	this	this	DET
ejpam-801	204	2	figure	figure	NOUN
ejpam-801	204	3	offers	offer	VERB
ejpam-801	204	4	a	a	DET
ejpam-801	204	5	useful	useful	ADJ
ejpam-801	204	6	background	background	NOUN
ejpam-801	204	7	for	for	ADP
ejpam-801	204	8	studying	study	VERB
ejpam-801	204	9	the	the	DET
ejpam-801	204	10	observed	observe	VERB
ejpam-801	204	11	kurtosis	kurtosis	NOUN
ejpam-801	204	12	-	-	PUNCT
ejpam-801	204	13	autocorrelation	autocorrelation	NOUN
ejpam-801	204	14	combinations	combination	NOUN
ejpam-801	204	15	.	.	PUNCT
ejpam-801	205	1	figure	figure	NOUN
ejpam-801	205	2	3	3	NUM
ejpam-801	205	3	contains	contain	VERB
ejpam-801	205	4	the	the	DET
ejpam-801	205	5	same	same	ADJ
ejpam-801	205	6	isoquants	isoquant	NOUN
ejpam-801	205	7	as	as	ADP
ejpam-801	205	8	the	the	DET
ejpam-801	205	9	figure	figure	NOUN
ejpam-801	205	10	2	2	NUM
ejpam-801	205	11	,	,	PUNCT
ejpam-801	205	12	together	together	ADV
ejpam-801	205	13	with	with	ADP
ejpam-801	205	14	kurtosisautocorrelation	kurtosisautocorrelation	NOUN
ejpam-801	205	15	combinations	combination	NOUN
ejpam-801	205	16	estimated	estimate	VERB
ejpam-801	205	17	from	from	ADP
ejpam-801	205	18	observed	observe	VERB
ejpam-801	205	19	time	time	NOUN
ejpam-801	205	20	series	series	NOUN
ejpam-801	205	21	.	.	PUNCT
ejpam-801	206	1	the	the	DET
ejpam-801	206	2	upper	upper	ADV
ejpam-801	206	3	-	-	PUNCT
ejpam-801	206	4	left	leave	VERB
ejpam-801	206	5	panel	panel	NOUN
ejpam-801	206	6	contains	contain	VERB
ejpam-801	206	7	them	they	PRON
ejpam-801	206	8	for	for	ADP
ejpam-801	206	9	27	27	NUM
ejpam-801	206	10	daily	daily	ADJ
ejpam-801	206	11	return	return	NOUN
ejpam-801	206	12	series	series	NOUN
ejpam-801	206	13	of	of	ADP
ejpam-801	206	14	the	the	DET
ejpam-801	206	15	most	most	ADV
ejpam-801	206	16	frequently	frequently	ADV
ejpam-801	206	17	traded	trade	VERB
ejpam-801	206	18	stocks	stock	NOUN
ejpam-801	206	19	in	in	ADP
ejpam-801	206	20	the	the	DET
ejpam-801	206	21	stockholm	stockholm	PROPN
ejpam-801	206	22	stock	stock	PROPN
ejpam-801	206	23	exchange	exchange	PROPN
ejpam-801	206	24	.	.	PUNCT
ejpam-801	207	1	these	these	DET
ejpam-801	207	2	series	serie	NOUN
ejpam-801	207	3	are	be	AUX
ejpam-801	207	4	also	also	ADV
ejpam-801	207	5	considered	consider	VERB
ejpam-801	207	6	in	in	ADP
ejpam-801	207	7	[	[	X
ejpam-801	207	8	40	40	NUM
ejpam-801	207	9	]	]	PUNCT
ejpam-801	207	10	.	.	PUNCT
ejpam-801	208	1	there	there	PRON
ejpam-801	208	2	seems	seem	VERB
ejpam-801	208	3	to	to	PART
ejpam-801	208	4	be	be	AUX
ejpam-801	208	5	plenty	plenty	NOUN
ejpam-801	208	6	of	of	ADP
ejpam-801	208	7	variation	variation	NOUN
ejpam-801	208	8	among	among	ADP
ejpam-801	208	9	the	the	DET
ejpam-801	208	10	series	series	NOUN
ejpam-801	208	11	.	.	PUNCT
ejpam-801	209	1	a	a	DET
ejpam-801	209	2	large	large	ADJ
ejpam-801	209	3	majority	majority	NOUN
ejpam-801	209	4	have	have	VERB
ejpam-801	209	5	an	an	DET
ejpam-801	209	6	unreachable	unreachable	ADJ
ejpam-801	209	7	combination	combination	NOUN
ejpam-801	209	8	of	of	ADP
ejpam-801	209	9	κ4	κ4	NOUN
ejpam-801	209	10	and	and	CCONJ
ejpam-801	209	11	ρ1	ρ1	NOUN
ejpam-801	209	12	in	in	ADP
ejpam-801	209	13	the	the	DET
ejpam-801	209	14	sense	sense	NOUN
ejpam-801	209	15	that	that	SCONJ
ejpam-801	209	16	the	the	DET
ejpam-801	209	17	combinations	combination	NOUN
ejpam-801	209	18	do	do	AUX
ejpam-801	209	19	not	not	PART
ejpam-801	209	20	correspond	correspond	VERB
ejpam-801	209	21	to	to	ADP
ejpam-801	209	22	a	a	DET
ejpam-801	209	23	garch(1,1	garch(1,1	NOUN
ejpam-801	209	24	)	)	PUNCT
ejpam-801	209	25	with	with	ADP
ejpam-801	209	26	a	a	DET
ejpam-801	209	27	finite	finite	ADJ
ejpam-801	209	28	variance	variance	NOUN
ejpam-801	209	29	(	(	PUNCT
ejpam-801	209	30	α1	α1	PROPN
ejpam-801	209	31	+	+	CCONJ
ejpam-801	209	32	β1	β1	PROPN
ejpam-801	209	33	<	<	X
ejpam-801	209	34	1	1	NUM
ejpam-801	209	35	)	)	PUNCT
ejpam-801	209	36	.	.	PUNCT
ejpam-801	210	1	only	only	ADV
ejpam-801	210	2	four	four	NUM
ejpam-801	210	3	observations	observation	NOUN
ejpam-801	210	4	appear	appear	VERB
ejpam-801	210	5	in	in	ADP
ejpam-801	210	6	the	the	DET
ejpam-801	210	7	area	area	NOUN
ejpam-801	210	8	defined	define	VERB
ejpam-801	210	9	by	by	ADP
ejpam-801	210	10	α1	α1	PROPN
ejpam-801	210	11	+	+	CCONJ
ejpam-801	210	12	β1	β1	PROPN
ejpam-801	210	13	<	<	X
ejpam-801	210	14	0.999	0.999	NUM
ejpam-801	210	15	.	.	PUNCT
ejpam-801	211	1	the	the	DET
ejpam-801	211	2	h.	h.	PROPN
ejpam-801	211	3	malmsten	malmsten	PROPN
ejpam-801	211	4	and	and	CCONJ
ejpam-801	211	5	t.	t.	PROPN
ejpam-801	211	6	teräsvirta	teräsvirta	PROPN
ejpam-801	211	7	/	/	SYM
ejpam-801	211	8	eur	eur	PROPN
ejpam-801	211	9	.	.	PUNCT
ejpam-801	212	1	j.	j.	PROPN
ejpam-801	212	2	pure	pure	PROPN
ejpam-801	212	3	appl	appl	PROPN
ejpam-801	212	4	.	.	PROPN
ejpam-801	212	5	math	math	PROPN
ejpam-801	212	6	,	,	PUNCT
ejpam-801	212	7	3	3	NUM
ejpam-801	212	8	(	(	PUNCT
ejpam-801	212	9	2010	2010	NUM
ejpam-801	212	10	)	)	PUNCT
ejpam-801	212	11	,	,	PUNCT
ejpam-801	212	12	443	443	NUM
ejpam-801	212	13	-	-	SYM
ejpam-801	212	14	477	477	NUM
ejpam-801	212	15	451	451	NUM
ejpam-801	212	16	upper	upper	ADJ
ejpam-801	212	17	-	-	PUNCT
ejpam-801	212	18	right	right	NOUN
ejpam-801	212	19	panel	panel	NOUN
ejpam-801	212	20	gives	give	VERB
ejpam-801	212	21	a	a	DET
ejpam-801	212	22	less	less	ADV
ejpam-801	212	23	variable	variable	ADJ
ejpam-801	212	24	picture	picture	NOUN
ejpam-801	212	25	.	.	PUNCT
ejpam-801	213	1	the	the	DET
ejpam-801	213	2	rates	rate	NOUN
ejpam-801	213	3	of	of	ADP
ejpam-801	213	4	return	return	NOUN
ejpam-801	213	5	are	be	AUX
ejpam-801	213	6	the	the	DET
ejpam-801	213	7	20	20	NUM
ejpam-801	213	8	subperiods	subperiod	NOUN
ejpam-801	213	9	of	of	ADP
ejpam-801	213	10	the	the	DET
ejpam-801	213	11	return	return	NOUN
ejpam-801	213	12	series	series	NOUN
ejpam-801	213	13	of	of	ADP
ejpam-801	213	14	the	the	DET
ejpam-801	213	15	s&p	s&p	PROPN
ejpam-801	213	16	500	500	NUM
ejpam-801	213	17	index	index	NOUN
ejpam-801	213	18	discussed	discuss	VERB
ejpam-801	213	19	in	in	ADP
ejpam-801	213	20	section	section	NOUN
ejpam-801	213	21	2	2	NUM
ejpam-801	213	22	.	.	PUNCT
ejpam-801	213	23	three	three	NUM
ejpam-801	213	24	of	of	ADP
ejpam-801	213	25	them	they	PRON
ejpam-801	213	26	do	do	AUX
ejpam-801	213	27	not	not	PART
ejpam-801	213	28	appear	appear	VERB
ejpam-801	213	29	in	in	ADP
ejpam-801	213	30	the	the	DET
ejpam-801	213	31	panel	panel	NOUN
ejpam-801	213	32	because	because	SCONJ
ejpam-801	213	33	their	their	PRON
ejpam-801	213	34	kurtosis	kurtosis	NOUN
ejpam-801	213	35	is	be	AUX
ejpam-801	213	36	too	too	ADV
ejpam-801	213	37	large	large	ADJ
ejpam-801	213	38	.	.	PUNCT
ejpam-801	214	1	all	all	PRON
ejpam-801	214	2	but	but	SCONJ
ejpam-801	214	3	two	two	NUM
ejpam-801	214	4	of	of	ADP
ejpam-801	214	5	the	the	DET
ejpam-801	214	6	remaining	remain	VERB
ejpam-801	214	7	17	17	NUM
ejpam-801	214	8	lie	lie	NOUN
ejpam-801	214	9	out	out	ADP
ejpam-801	214	10	of	of	ADP
ejpam-801	214	11	reach	reach	NOUN
ejpam-801	214	12	for	for	ADP
ejpam-801	214	13	the	the	DET
ejpam-801	214	14	garch(1,1	garch(1,1	NOUN
ejpam-801	214	15	)	)	PUNCT
ejpam-801	214	16	model	model	NOUN
ejpam-801	214	17	with	with	ADP
ejpam-801	214	18	normal	normal	ADJ
ejpam-801	214	19	errors	error	NOUN
ejpam-801	214	20	.	.	PUNCT
ejpam-801	215	1	the	the	DET
ejpam-801	215	2	lower	lower	ADV
ejpam-801	215	3	-	-	PUNCT
ejpam-801	215	4	left	leave	VERB
ejpam-801	215	5	panel	panel	NOUN
ejpam-801	215	6	tells	tell	VERB
ejpam-801	215	7	a	a	DET
ejpam-801	215	8	similar	similar	ADJ
ejpam-801	215	9	story	story	NOUN
ejpam-801	215	10	.	.	PUNCT
ejpam-801	216	1	the	the	DET
ejpam-801	216	2	rates	rate	NOUN
ejpam-801	216	3	of	of	ADP
ejpam-801	216	4	return	return	NOUN
ejpam-801	216	5	are	be	AUX
ejpam-801	216	6	34	34	NUM
ejpam-801	216	7	subseries	subserie	NOUN
ejpam-801	216	8	of	of	ADP
ejpam-801	216	9	five	five	NUM
ejpam-801	216	10	major	major	ADJ
ejpam-801	216	11	exchange	exchange	NOUN
ejpam-801	216	12	rates	rate	NOUN
ejpam-801	216	13	,	,	PUNCT
ejpam-801	216	14	the	the	DET
ejpam-801	216	15	japanese	japanese	ADJ
ejpam-801	216	16	yen	yen	NOUN
ejpam-801	216	17	,	,	PUNCT
ejpam-801	216	18	the	the	DET
ejpam-801	216	19	german	german	ADJ
ejpam-801	216	20	mark	mark	NOUN
ejpam-801	216	21	,	,	PUNCT
ejpam-801	216	22	the	the	DET
ejpam-801	216	23	english	english	ADJ
ejpam-801	216	24	pound	pound	NOUN
ejpam-801	216	25	,	,	PUNCT
ejpam-801	216	26	the	the	DET
ejpam-801	216	27	canadian	canadian	ADJ
ejpam-801	216	28	dollar	dollar	NOUN
ejpam-801	216	29	,	,	PUNCT
ejpam-801	216	30	and	and	CCONJ
ejpam-801	216	31	the	the	DET
ejpam-801	216	32	australian	australian	ADJ
ejpam-801	216	33	dollar	dollar	NOUN
ejpam-801	216	34	,	,	PUNCT
ejpam-801	216	35	all	all	ADV
ejpam-801	216	36	against	against	ADP
ejpam-801	216	37	the	the	DET
ejpam-801	216	38	u.s	u.s	PROPN
ejpam-801	216	39	.	.	PROPN
ejpam-801	216	40	dollar	dollar	NOUN
ejpam-801	216	41	,	,	PUNCT
ejpam-801	216	42	from	from	ADP
ejpam-801	216	43	2	2	NUM
ejpam-801	216	44	april	april	PROPN
ejpam-801	216	45	1973	1973	NUM
ejpam-801	216	46	to	to	ADP
ejpam-801	216	47	10	10	NUM
ejpam-801	216	48	september	september	PROPN
ejpam-801	216	49	2001	2001	NUM
ejpam-801	216	50	.	.	PUNCT
ejpam-801	217	1	one	one	NUM
ejpam-801	217	2	of	of	ADP
ejpam-801	217	3	them	they	PRON
ejpam-801	217	4	,	,	PUNCT
ejpam-801	217	5	the	the	DET
ejpam-801	217	6	first	first	ADJ
ejpam-801	217	7	subseries	subserie	NOUN
ejpam-801	217	8	of	of	ADP
ejpam-801	217	9	the	the	DET
ejpam-801	217	10	canadian	canadian	ADJ
ejpam-801	217	11	dollar	dollar	NOUN
ejpam-801	217	12	,	,	PUNCT
ejpam-801	217	13	does	do	AUX
ejpam-801	217	14	not	not	PART
ejpam-801	217	15	appear	appear	VERB
ejpam-801	217	16	in	in	ADP
ejpam-801	217	17	the	the	DET
ejpam-801	217	18	panel	panel	NOUN
ejpam-801	217	19	because	because	SCONJ
ejpam-801	217	20	the	the	DET
ejpam-801	217	21	autocorrelation	autocorrelation	NOUN
ejpam-801	217	22	is	be	AUX
ejpam-801	217	23	0.456	0.456	NUM
ejpam-801	217	24	.	.	PUNCT
ejpam-801	218	1	the	the	DET
ejpam-801	218	2	lower	low	ADJ
ejpam-801	218	3	-	-	PUNCT
ejpam-801	218	4	right	right	NOUN
ejpam-801	218	5	panel	panel	NOUN
ejpam-801	218	6	contains	contain	VERB
ejpam-801	218	7	all	all	DET
ejpam-801	218	8	data	datum	NOUN
ejpam-801	218	9	-	-	PUNCT
ejpam-801	218	10	points	point	NOUN
ejpam-801	218	11	in	in	ADP
ejpam-801	218	12	the	the	DET
ejpam-801	218	13	three	three	NUM
ejpam-801	218	14	other	other	ADJ
ejpam-801	218	15	panels	panel	NOUN
ejpam-801	218	16	.	.	PUNCT
ejpam-801	219	1	it	it	PRON
ejpam-801	219	2	is	be	AUX
ejpam-801	219	3	seen	see	VERB
ejpam-801	219	4	from	from	ADP
ejpam-801	219	5	the	the	DET
ejpam-801	219	6	figure	figure	NOUN
ejpam-801	219	7	that	that	SCONJ
ejpam-801	219	8	a	a	DET
ejpam-801	219	9	majority	majority	NOUN
ejpam-801	219	10	of	of	ADP
ejpam-801	219	11	the	the	DET
ejpam-801	219	12	points	point	NOUN
ejpam-801	219	13	lie	lie	VERB
ejpam-801	219	14	even	even	ADV
ejpam-801	219	15	below	below	ADP
ejpam-801	219	16	the	the	DET
ejpam-801	219	17	lowest	low	ADJ
ejpam-801	219	18	isoquant	isoquant	ADJ
ejpam-801	219	19	α1	α1	PROPN
ejpam-801	219	20	+	+	CCONJ
ejpam-801	219	21	β1	β1	X
ejpam-801	219	22	=	=	PUNCT
ejpam-801	219	23	0.999	0.999	NUM
ejpam-801	219	24	.	.	PUNCT
ejpam-801	220	1	an	an	DET
ejpam-801	220	2	obvious	obvious	ADJ
ejpam-801	220	3	conclusion	conclusion	NOUN
ejpam-801	220	4	is	be	AUX
ejpam-801	220	5	that	that	SCONJ
ejpam-801	220	6	the	the	DET
ejpam-801	220	7	garch(1,1	garch(1,1	NOUN
ejpam-801	220	8	)	)	PUNCT
ejpam-801	220	9	model	model	NOUN
ejpam-801	220	10	with	with	ADP
ejpam-801	220	11	normal	normal	ADJ
ejpam-801	220	12	errors	error	NOUN
ejpam-801	220	13	can	can	AUX
ejpam-801	220	14	not	not	PART
ejpam-801	220	15	in	in	ADP
ejpam-801	220	16	a	a	DET
ejpam-801	220	17	satisfactory	satisfactory	ADJ
ejpam-801	220	18	fashion	fashion	NOUN
ejpam-801	220	19	reproduce	reproduce	NOUN
ejpam-801	220	20	the	the	DET
ejpam-801	220	21	stylized	stylize	VERB
ejpam-801	220	22	fact	fact	NOUN
ejpam-801	220	23	of	of	ADP
ejpam-801	220	24	high	high	ADJ
ejpam-801	220	25	kurtosis	kurtosis	NOUN
ejpam-801	220	26	and	and	CCONJ
ejpam-801	220	27	low	low	ADV
ejpam-801	220	28	-	-	PUNCT
ejpam-801	220	29	starting	start	VERB
ejpam-801	220	30	autocorrelation	autocorrelation	NOUN
ejpam-801	220	31	of	of	ADP
ejpam-801	220	32	squares	square	NOUN
ejpam-801	220	33	observed	observe	VERB
ejpam-801	220	34	in	in	ADP
ejpam-801	220	35	a	a	DET
ejpam-801	220	36	large	large	ADJ
ejpam-801	220	37	number	number	NOUN
ejpam-801	220	38	of	of	ADP
ejpam-801	220	39	financial	financial	ADJ
ejpam-801	220	40	series	series	NOUN
ejpam-801	220	41	.	.	PUNCT
ejpam-801	221	1	this	this	PRON
ejpam-801	221	2	is	be	AUX
ejpam-801	221	3	true	true	ADJ
ejpam-801	221	4	at	at	ADP
ejpam-801	221	5	least	least	ADJ
ejpam-801	221	6	if	if	SCONJ
ejpam-801	221	7	we	we	PRON
ejpam-801	221	8	require	require	VERB
ejpam-801	221	9	the	the	DET
ejpam-801	221	10	existence	existence	NOUN
ejpam-801	221	11	of	of	ADP
ejpam-801	221	12	the	the	DET
ejpam-801	221	13	unconditional	unconditional	ADJ
ejpam-801	221	14	fourth	fourth	ADJ
ejpam-801	221	15	moment	moment	NOUN
ejpam-801	221	16	of	of	ADP
ejpam-801	221	17	ǫt	ǫt	PROPN
ejpam-801	221	18	.	.	PUNCT
ejpam-801	222	1	we	we	PRON
ejpam-801	222	2	shall	shall	AUX
ejpam-801	222	3	return	return	VERB
ejpam-801	222	4	to	to	ADP
ejpam-801	222	5	this	this	DET
ejpam-801	222	6	point	point	NOUN
ejpam-801	222	7	in	in	ADP
ejpam-801	222	8	section	section	NOUN
ejpam-801	222	9	6	6	NUM
ejpam-801	222	10	.	.	PUNCT
ejpam-801	223	1	it	it	PRON
ejpam-801	223	2	is	be	AUX
ejpam-801	223	3	seen	see	VERB
ejpam-801	223	4	from	from	ADP
ejpam-801	223	5	figure	figure	NOUN
ejpam-801	223	6	2	2	NUM
ejpam-801	223	7	that	that	SCONJ
ejpam-801	223	8	the	the	DET
ejpam-801	223	9	first	first	ADJ
ejpam-801	223	10	-	-	PUNCT
ejpam-801	223	11	order	order	NOUN
ejpam-801	223	12	autocorrelation	autocorrelation	NOUN
ejpam-801	223	13	of	of	ADP
ejpam-801	223	14	ǫ2	ǫ2	PROPN
ejpam-801	223	15	t	t	PROPN
ejpam-801	223	16	does	do	AUX
ejpam-801	223	17	decrease	decrease	VERB
ejpam-801	223	18	with	with	ADP
ejpam-801	223	19	α1+β1	α1+β1	PROPN
ejpam-801	223	20	when	when	SCONJ
ejpam-801	223	21	the	the	DET
ejpam-801	223	22	kurtosis	kurtosis	NOUN
ejpam-801	223	23	is	be	AUX
ejpam-801	223	24	kept	keep	VERB
ejpam-801	223	25	constant	constant	ADJ
ejpam-801	223	26	.	.	PUNCT
ejpam-801	224	1	this	this	PRON
ejpam-801	224	2	may	may	AUX
ejpam-801	224	3	suggest	suggest	VERB
ejpam-801	224	4	that	that	SCONJ
ejpam-801	224	5	an	an	DET
ejpam-801	224	6	integrated	integrated	ADJ
ejpam-801	224	7	garch	garch	NOUN
ejpam-801	224	8	model	model	NOUN
ejpam-801	224	9	of	of	ADP
ejpam-801	224	10	[	[	X
ejpam-801	224	11	14	14	NUM
ejpam-801	224	12	]	]	PUNCT
ejpam-801	224	13	could	could	AUX
ejpam-801	224	14	offer	offer	VERB
ejpam-801	224	15	an	an	DET
ejpam-801	224	16	adequate	adequate	ADJ
ejpam-801	224	17	description	description	NOUN
ejpam-801	224	18	of	of	ADP
ejpam-801	224	19	the	the	DET
ejpam-801	224	20	stylized	stylize	VERB
ejpam-801	224	21	fact	fact	NOUN
ejpam-801	224	22	.	.	PUNCT
ejpam-801	225	1	the	the	DET
ejpam-801	225	2	first	first	ADJ
ejpam-801	225	3	-	-	PUNCT
ejpam-801	225	4	order	order	NOUN
ejpam-801	225	5	igarch	igarch	NOUN
ejpam-801	225	6	model	model	NOUN
ejpam-801	225	7	is	be	AUX
ejpam-801	225	8	obtained	obtain	VERB
ejpam-801	225	9	by	by	ADP
ejpam-801	225	10	setting	set	VERB
ejpam-801	225	11	α1	α1	PROPN
ejpam-801	225	12	+	+	CCONJ
ejpam-801	225	13	β1	β1	NOUN
ejpam-801	225	14	=	=	SYM
ejpam-801	225	15	1	1	NUM
ejpam-801	225	16	in	in	ADP
ejpam-801	225	17	(	(	PUNCT
ejpam-801	225	18	2	2	NUM
ejpam-801	225	19	)	)	PUNCT
ejpam-801	225	20	,	,	PUNCT
ejpam-801	225	21	which	which	PRON
ejpam-801	225	22	implies	imply	VERB
ejpam-801	225	23	that	that	SCONJ
ejpam-801	225	24	the	the	DET
ejpam-801	225	25	garch	garch	NOUN
ejpam-801	225	26	process	process	NOUN
ejpam-801	225	27	does	do	AUX
ejpam-801	225	28	not	not	PART
ejpam-801	225	29	have	have	VERB
ejpam-801	225	30	a	a	DET
ejpam-801	225	31	finite	finite	ADJ
ejpam-801	225	32	variance	variance	NOUN
ejpam-801	225	33	.	.	PUNCT
ejpam-801	226	1	because	because	SCONJ
ejpam-801	226	2	there	there	PRON
ejpam-801	226	3	are	be	VERB
ejpam-801	226	4	no	no	DET
ejpam-801	226	5	moment	moment	NOUN
ejpam-801	226	6	results	result	NOUN
ejpam-801	226	7	to	to	PART
ejpam-801	226	8	rely	rely	VERB
ejpam-801	226	9	on	on	ADP
ejpam-801	226	10	,	,	PUNCT
ejpam-801	226	11	this	this	DET
ejpam-801	226	12	possibility	possibility	NOUN
ejpam-801	226	13	was	be	AUX
ejpam-801	226	14	investigated	investigate	VERB
ejpam-801	226	15	by	by	ADP
ejpam-801	226	16	simulation	simulation	NOUN
ejpam-801	226	17	.	.	PUNCT
ejpam-801	227	1	figure	figure	NOUN
ejpam-801	227	2	4	4	NUM
ejpam-801	227	3	contains	contain	VERB
ejpam-801	227	4	the	the	DET
ejpam-801	227	5	same	same	ADJ
ejpam-801	227	6	isoquants	isoquant	NOUN
ejpam-801	227	7	as	as	ADP
ejpam-801	227	8	before	before	ADV
ejpam-801	227	9	,	,	PUNCT
ejpam-801	227	10	completed	complete	VERB
ejpam-801	227	11	with	with	ADP
ejpam-801	227	12	100	100	NUM
ejpam-801	227	13	kurtosis	kurtosis	NOUN
ejpam-801	227	14	-	-	PUNCT
ejpam-801	227	15	autocorrelation	autocorrelation	NOUN
ejpam-801	227	16	combinations	combination	NOUN
ejpam-801	227	17	obtained	obtain	VERB
ejpam-801	227	18	by	by	ADP
ejpam-801	227	19	simulating	simulate	VERB
ejpam-801	227	20	the	the	DET
ejpam-801	227	21	first	first	ADJ
ejpam-801	227	22	-	-	PUNCT
ejpam-801	227	23	order	order	NOUN
ejpam-801	227	24	igarch	igarch	NOUN
ejpam-801	227	25	with	with	ADP
ejpam-801	227	26	β1	β1	PROPN
ejpam-801	227	27	=	=	PUNCT
ejpam-801	227	28	0.9	0.9	NUM
ejpam-801	227	29	.	.	PUNCT
ejpam-801	228	1	the	the	DET
ejpam-801	228	2	number	number	NOUN
ejpam-801	228	3	of	of	ADP
ejpam-801	228	4	observations	observation	NOUN
ejpam-801	228	5	increases	increase	VERB
ejpam-801	228	6	from	from	ADP
ejpam-801	228	7	t	t	NOUN
ejpam-801	228	8	=	=	NUM
ejpam-801	228	9	100	100	NUM
ejpam-801	228	10	in	in	ADP
ejpam-801	228	11	the	the	DET
ejpam-801	228	12	upper	upper	ADV
ejpam-801	228	13	-	-	PUNCT
ejpam-801	228	14	left	left	ADJ
ejpam-801	228	15	panel	panel	NOUN
ejpam-801	228	16	to	to	ADP
ejpam-801	228	17	10000	10000	NUM
ejpam-801	228	18	in	in	ADP
ejpam-801	228	19	the	the	DET
ejpam-801	228	20	lower	low	ADJ
ejpam-801	228	21	-	-	PUNCT
ejpam-801	228	22	right	right	NOUN
ejpam-801	228	23	one	one	NUM
ejpam-801	228	24	.	.	PUNCT
ejpam-801	229	1	it	it	PRON
ejpam-801	229	2	is	be	AUX
ejpam-801	229	3	quite	quite	ADV
ejpam-801	229	4	clear	clear	ADJ
ejpam-801	229	5	that	that	SCONJ
ejpam-801	229	6	for	for	ADP
ejpam-801	229	7	t	t	NOUN
ejpam-801	229	8	=	=	SYM
ejpam-801	229	9	100	100	NUM
ejpam-801	229	10	,	,	PUNCT
ejpam-801	229	11	it	it	PRON
ejpam-801	229	12	is	be	AUX
ejpam-801	229	13	difficult	difficult	ADJ
ejpam-801	229	14	to	to	PART
ejpam-801	229	15	even	even	ADV
ejpam-801	229	16	argue	argue	VERB
ejpam-801	229	17	that	that	SCONJ
ejpam-801	229	18	the	the	DET
ejpam-801	229	19	observations	observation	NOUN
ejpam-801	229	20	come	come	VERB
ejpam-801	229	21	from	from	ADP
ejpam-801	229	22	a	a	DET
ejpam-801	229	23	garch	garch	NOUN
ejpam-801	229	24	model	model	NOUN
ejpam-801	229	25	.	.	PUNCT
ejpam-801	230	1	for	for	ADP
ejpam-801	230	2	about	about	ADV
ejpam-801	230	3	one	one	NUM
ejpam-801	230	4	half	half	NOUN
ejpam-801	230	5	of	of	ADP
ejpam-801	230	6	the	the	DET
ejpam-801	230	7	observations	observation	NOUN
ejpam-801	230	8	the	the	DET
ejpam-801	230	9	estimated	estimate	VERB
ejpam-801	230	10	kurtosis	kurtosis	NOUN
ejpam-801	230	11	lies	lie	VERB
ejpam-801	230	12	below	below	ADP
ejpam-801	230	13	three	three	NUM
ejpam-801	230	14	,	,	PUNCT
ejpam-801	230	15	and	and	CCONJ
ejpam-801	230	16	for	for	ADP
ejpam-801	230	17	a	a	DET
ejpam-801	230	18	third	third	ADJ
ejpam-801	230	19	,	,	PUNCT
ejpam-801	230	20	the	the	DET
ejpam-801	230	21	first	first	ADJ
ejpam-801	230	22	-	-	PUNCT
ejpam-801	230	23	order	order	NOUN
ejpam-801	230	24	autocorrelation	autocorrelation	NOUN
ejpam-801	230	25	of	of	ADP
ejpam-801	230	26	squared	square	VERB
ejpam-801	230	27	observations	observation	NOUN
ejpam-801	230	28	is	be	AUX
ejpam-801	230	29	negative	negative	ADJ
ejpam-801	230	30	.	.	PUNCT
ejpam-801	231	1	one	one	PRON
ejpam-801	231	2	can	can	AUX
ejpam-801	231	3	conclude	conclude	VERB
ejpam-801	231	4	from	from	ADP
ejpam-801	231	5	this	this	PRON
ejpam-801	231	6	that	that	SCONJ
ejpam-801	231	7	when	when	SCONJ
ejpam-801	231	8	the	the	DET
ejpam-801	231	9	null	null	NOUN
ejpam-801	231	10	of	of	ADP
ejpam-801	231	11	no	no	DET
ejpam-801	231	12	conditional	conditional	ADJ
ejpam-801	231	13	heteroskedasticity	heteroskedasticity	NOUN
ejpam-801	231	14	is	be	AUX
ejpam-801	231	15	rejected	reject	VERB
ejpam-801	231	16	for	for	ADP
ejpam-801	231	17	the	the	DET
ejpam-801	231	18	errors	error	NOUN
ejpam-801	231	19	of	of	ADP
ejpam-801	231	20	a	a	DET
ejpam-801	231	21	macroeconomic	macroeconomic	ADJ
ejpam-801	231	22	equation	equation	NOUN
ejpam-801	231	23	,	,	PUNCT
ejpam-801	231	24	estimated	estimate	VERB
ejpam-801	231	25	using	use	VERB
ejpam-801	231	26	a	a	DET
ejpam-801	231	27	small	small	ADJ
ejpam-801	231	28	number	number	NOUN
ejpam-801	231	29	of	of	ADP
ejpam-801	231	30	quarterly	quarterly	ADJ
ejpam-801	231	31	observations	observation	NOUN
ejpam-801	231	32	,	,	PUNCT
ejpam-801	231	33	fitting	fit	VERB
ejpam-801	231	34	an	an	DET
ejpam-801	231	35	arch	arch	NOUN
ejpam-801	231	36	or	or	CCONJ
ejpam-801	231	37	a	a	DET
ejpam-801	231	38	garch	garch	NOUN
ejpam-801	231	39	model	model	NOUN
ejpam-801	231	40	to	to	ADP
ejpam-801	231	41	the	the	DET
ejpam-801	231	42	errors	error	NOUN
ejpam-801	231	43	without	without	ADP
ejpam-801	231	44	a	a	DET
ejpam-801	231	45	close	close	ADJ
ejpam-801	231	46	scrutiny	scrutiny	NOUN
ejpam-801	231	47	of	of	ADP
ejpam-801	231	48	the	the	DET
ejpam-801	231	49	residuals	residual	NOUN
ejpam-801	231	50	is	be	AUX
ejpam-801	231	51	hardly	hardly	ADV
ejpam-801	231	52	a	a	DET
ejpam-801	231	53	sensible	sensible	ADJ
ejpam-801	231	54	thing	thing	NOUN
ejpam-801	231	55	to	to	PART
ejpam-801	231	56	do	do	VERB
ejpam-801	231	57	.	.	PUNCT
ejpam-801	232	1	another	another	DET
ejpam-801	232	2	conclusion	conclusion	NOUN
ejpam-801	232	3	,	,	PUNCT
ejpam-801	232	4	relevant	relevant	ADJ
ejpam-801	232	5	for	for	ADP
ejpam-801	232	6	our	our	PRON
ejpam-801	232	7	stylized	stylize	VERB
ejpam-801	232	8	fact	fact	NOUN
ejpam-801	232	9	considerations	consideration	NOUN
ejpam-801	232	10	,	,	PUNCT
ejpam-801	232	11	is	be	AUX
ejpam-801	232	12	that	that	SCONJ
ejpam-801	232	13	when	when	SCONJ
ejpam-801	232	14	the	the	DET
ejpam-801	232	15	number	number	NOUN
ejpam-801	232	16	of	of	ADP
ejpam-801	232	17	observations	observation	NOUN
ejpam-801	232	18	increases	increase	NOUN
ejpam-801	232	19	,	,	PUNCT
ejpam-801	232	20	the	the	DET
ejpam-801	232	21	point	point	NOUN
ejpam-801	232	22	cloud	cloud	NOUN
ejpam-801	232	23	in	in	ADP
ejpam-801	232	24	the	the	DET
ejpam-801	232	25	figure	figure	NOUN
ejpam-801	232	26	moves	move	VERB
ejpam-801	232	27	to	to	ADP
ejpam-801	232	28	the	the	DET
ejpam-801	232	29	right	right	NOUN
ejpam-801	232	30	.	.	PUNCT
ejpam-801	233	1	this	this	PRON
ejpam-801	233	2	is	be	AUX
ejpam-801	233	3	what	what	PRON
ejpam-801	233	4	it	it	PRON
ejpam-801	233	5	should	should	AUX
ejpam-801	233	6	do	do	VERB
ejpam-801	233	7	since	since	SCONJ
ejpam-801	233	8	the	the	DET
ejpam-801	233	9	fourth	fourth	ADJ
ejpam-801	233	10	moment	moment	NOUN
ejpam-801	233	11	of	of	ADP
ejpam-801	233	12	ǫt	ǫt	PROPN
ejpam-801	233	13	does	do	AUX
ejpam-801	233	14	not	not	PART
ejpam-801	233	15	exist	exist	VERB
ejpam-801	233	16	.	.	PUNCT
ejpam-801	234	1	however	however	ADV
ejpam-801	234	2	,	,	PUNCT
ejpam-801	234	3	the	the	DET
ejpam-801	234	4	points	point	NOUN
ejpam-801	234	5	follow	follow	VERB
ejpam-801	234	6	the	the	DET
ejpam-801	234	7	isoquants	isoquant	NOUN
ejpam-801	234	8	on	on	ADP
ejpam-801	234	9	their	their	PRON
ejpam-801	234	10	way	way	NOUN
ejpam-801	234	11	out	out	ADP
ejpam-801	234	12	of	of	ADP
ejpam-801	234	13	the	the	DET
ejpam-801	234	14	frame	frame	NOUN
ejpam-801	234	15	,	,	PUNCT
ejpam-801	234	16	and	and	CCONJ
ejpam-801	234	17	they	they	PRON
ejpam-801	234	18	do	do	AUX
ejpam-801	234	19	not	not	PART
ejpam-801	234	20	cross	cross	VERB
ejpam-801	234	21	the	the	DET
ejpam-801	234	22	area	area	NOUN
ejpam-801	234	23	where	where	SCONJ
ejpam-801	234	24	most	most	ADJ
ejpam-801	234	25	of	of	ADP
ejpam-801	234	26	the	the	DET
ejpam-801	234	27	observations	observation	NOUN
ejpam-801	234	28	in	in	ADP
ejpam-801	234	29	figure	figure	NOUN
ejpam-801	234	30	3	3	NUM
ejpam-801	234	31	were	be	AUX
ejpam-801	234	32	found	find	VERB
ejpam-801	234	33	.	.	PUNCT
ejpam-801	235	1	this	this	DET
ejpam-801	235	2	small	small	ADJ
ejpam-801	235	3	simulation	simulation	NOUN
ejpam-801	235	4	experiment	experiment	NOUN
ejpam-801	235	5	thus	thus	ADV
ejpam-801	235	6	indicates	indicate	VERB
ejpam-801	235	7	that	that	SCONJ
ejpam-801	235	8	the	the	DET
ejpam-801	235	9	igarch	igarch	NOUN
ejpam-801	235	10	model	model	NOUN
ejpam-801	235	11	can	can	AUX
ejpam-801	235	12	not	not	PART
ejpam-801	235	13	be	be	AUX
ejpam-801	235	14	the	the	DET
ejpam-801	235	15	solution	solution	NOUN
ejpam-801	235	16	to	to	ADP
ejpam-801	235	17	the	the	DET
ejpam-801	235	18	problem	problem	NOUN
ejpam-801	235	19	that	that	SCONJ
ejpam-801	235	20	the	the	DET
ejpam-801	235	21	garch(1,1	garch(1,1	NOUN
ejpam-801	235	22	)	)	PUNCT
ejpam-801	235	23	model	model	NOUN
ejpam-801	235	24	with	with	ADP
ejpam-801	235	25	normal	normal	ADJ
ejpam-801	235	26	errors	error	NOUN
ejpam-801	235	27	does	do	AUX
ejpam-801	235	28	not	not	PART
ejpam-801	235	29	accord	accord	VERB
ejpam-801	235	30	with	with	ADP
ejpam-801	235	31	this	this	DET
ejpam-801	235	32	particular	particular	ADJ
ejpam-801	235	33	stylized	stylize	VERB
ejpam-801	235	34	fact	fact	NOUN
ejpam-801	235	35	.	.	PUNCT
ejpam-801	236	1	in	in	ADP
ejpam-801	236	2	applications	application	NOUN
ejpam-801	236	3	it	it	PRON
ejpam-801	236	4	is	be	AUX
ejpam-801	236	5	customary	customary	ADJ
ejpam-801	236	6	not	not	PART
ejpam-801	236	7	to	to	PART
ejpam-801	236	8	assume	assume	VERB
ejpam-801	236	9	normal	normal	ADJ
ejpam-801	236	10	errors	error	NOUN
ejpam-801	236	11	for	for	ADP
ejpam-801	236	12	zt	zt	PROPN
ejpam-801	236	13	in	in	ADP
ejpam-801	236	14	(	(	PUNCT
ejpam-801	236	15	1	1	NUM
ejpam-801	236	16	)	)	PUNCT
ejpam-801	236	17	but	but	CCONJ
ejpam-801	236	18	rather	rather	ADV
ejpam-801	236	19	make	make	VERB
ejpam-801	236	20	use	use	NOUN
ejpam-801	236	21	of	of	ADP
ejpam-801	236	22	a	a	DET
ejpam-801	236	23	leptokurtic	leptokurtic	ADJ
ejpam-801	236	24	error	error	NOUN
ejpam-801	236	25	distribution	distribution	NOUN
ejpam-801	236	26	such	such	ADJ
ejpam-801	236	27	as	as	ADP
ejpam-801	236	28	the	the	DET
ejpam-801	236	29	t	t	NOUN
ejpam-801	236	30	-	-	PUNCT
ejpam-801	236	31	distribution	distribution	NOUN
ejpam-801	236	32	.	.	PUNCT
ejpam-801	237	1	why	why	SCONJ
ejpam-801	237	2	this	this	PRON
ejpam-801	237	3	is	be	AUX
ejpam-801	237	4	the	the	DET
ejpam-801	237	5	case	case	NOUN
ejpam-801	237	6	can	can	AUX
ejpam-801	237	7	be	be	AUX
ejpam-801	237	8	seen	see	VERB
ejpam-801	237	9	from	from	ADP
ejpam-801	237	10	figure	figure	NOUN
ejpam-801	237	11	5	5	NUM
ejpam-801	237	12	.	.	PUNCT
ejpam-801	238	1	it	it	PRON
ejpam-801	238	2	contains	contain	VERB
ejpam-801	238	3	the	the	DET
ejpam-801	238	4	same	same	ADJ
ejpam-801	238	5	isoquants	isoquant	NOUN
ejpam-801	238	6	as	as	ADP
ejpam-801	238	7	before	before	ADV
ejpam-801	238	8	,	,	PUNCT
ejpam-801	238	9	measured	measure	VERB
ejpam-801	238	10	by	by	ADP
ejpam-801	238	11	α1ν2	α1ν2	DET
ejpam-801	238	12	+	+	X
ejpam-801	238	13	β1	β1	NOUN
ejpam-801	238	14	.	.	PUNCT
ejpam-801	239	1	this	this	PRON
ejpam-801	239	2	is	be	AUX
ejpam-801	239	3	the	the	DET
ejpam-801	239	4	condition	condition	NOUN
ejpam-801	239	5	for	for	ADP
ejpam-801	239	6	covariance	covariance	NOUN
ejpam-801	239	7	stationarity	stationarity	NOUN
ejpam-801	239	8	just	just	ADV
ejpam-801	239	9	as	as	SCONJ
ejpam-801	239	10	α1+β1	α1+β1	PROPN
ejpam-801	239	11	<	<	X
ejpam-801	239	12	1	1	NUM
ejpam-801	239	13	in	in	ADP
ejpam-801	239	14	figure	figure	NOUN
ejpam-801	239	15	1	1	NUM
ejpam-801	239	16	is	be	AUX
ejpam-801	239	17	in	in	ADP
ejpam-801	239	18	the	the	DET
ejpam-801	239	19	case	case	NOUN
ejpam-801	239	20	of	of	ADP
ejpam-801	239	21	normal	normal	ADJ
ejpam-801	239	22	errors	error	NOUN
ejpam-801	239	23	.	.	PUNCT
ejpam-801	240	1	it	it	PRON
ejpam-801	240	2	depends	depend	VERB
ejpam-801	240	3	on	on	ADP
ejpam-801	240	4	the	the	DET
ejpam-801	240	5	degrees	degree	NOUN
ejpam-801	240	6	of	of	ADP
ejpam-801	240	7	freedom	freedom	NOUN
ejpam-801	240	8	of	of	ADP
ejpam-801	240	9	the	the	DET
ejpam-801	240	10	t	t	NOUN
ejpam-801	240	11	-	-	PUNCT
ejpam-801	240	12	distribution	distribution	NOUN
ejpam-801	240	13	through	through	ADP
ejpam-801	240	14	ν2	ν2	NOUN
ejpam-801	240	15	.	.	PUNCT
ejpam-801	241	1	in	in	ADP
ejpam-801	241	2	the	the	DET
ejpam-801	241	3	left	left	ADJ
ejpam-801	241	4	-	-	PUNCT
ejpam-801	241	5	hand	hand	NOUN
ejpam-801	241	6	panel	panel	NOUN
ejpam-801	241	7	the	the	DET
ejpam-801	241	8	t	t	NOUN
ejpam-801	241	9	-	-	PUNCT
ejpam-801	241	10	distribution	distribution	NOUN
ejpam-801	241	11	has	have	VERB
ejpam-801	241	12	seven	seven	NUM
ejpam-801	241	13	degrees	degree	NOUN
ejpam-801	241	14	of	of	ADP
ejpam-801	241	15	freedom	freedom	NOUN
ejpam-801	241	16	so	so	SCONJ
ejpam-801	241	17	that	that	SCONJ
ejpam-801	241	18	κ4	κ4	NOUN
ejpam-801	241	19	=	=	SYM
ejpam-801	241	20	5	5	NUM
ejpam-801	241	21	and	and	CCONJ
ejpam-801	241	22	in	in	ADP
ejpam-801	241	23	the	the	DET
ejpam-801	241	24	right	right	ADJ
ejpam-801	241	25	-	-	PUNCT
ejpam-801	241	26	hand	hand	NOUN
ejpam-801	241	27	panel	panel	NOUN
ejpam-801	241	28	five	five	NUM
ejpam-801	241	29	,	,	PUNCT
ejpam-801	241	30	in	in	ADP
ejpam-801	241	31	which	which	DET
ejpam-801	241	32	case	case	NOUN
ejpam-801	241	33	κ4	κ4	NOUN
ejpam-801	241	34	=	=	SYM
ejpam-801	241	35	9	9	X
ejpam-801	241	36	.	.	X
ejpam-801	241	37	figure	figure	NOUN
ejpam-801	241	38	5	5	NUM
ejpam-801	241	39	also	also	ADV
ejpam-801	241	40	contains	contain	VERB
ejpam-801	241	41	the	the	DET
ejpam-801	241	42	kurtosis	kurtosis	NOUN
ejpam-801	241	43	/	/	SYM
ejpam-801	241	44	autocorrelation	autocorrelation	NOUN
ejpam-801	241	45	combih	combih	NOUN
ejpam-801	241	46	.	.	PUNCT
ejpam-801	242	1	malmsten	malmsten	VERB
ejpam-801	242	2	and	and	CCONJ
ejpam-801	242	3	t.	t.	PROPN
ejpam-801	242	4	teräsvirta	teräsvirta	PROPN
ejpam-801	242	5	/	/	SYM
ejpam-801	242	6	eur	eur	PROPN
ejpam-801	242	7	.	.	PUNCT
ejpam-801	243	1	j.	j.	PROPN
ejpam-801	243	2	pure	pure	PROPN
ejpam-801	243	3	appl	appl	PROPN
ejpam-801	243	4	.	.	PROPN
ejpam-801	243	5	math	math	PROPN
ejpam-801	243	6	,	,	PUNCT
ejpam-801	243	7	3	3	NUM
ejpam-801	243	8	(	(	PUNCT
ejpam-801	243	9	2010	2010	NUM
ejpam-801	243	10	)	)	PUNCT
ejpam-801	243	11	,	,	PUNCT
ejpam-801	243	12	443	443	NUM
ejpam-801	243	13	-	-	SYM
ejpam-801	243	14	477	477	NUM
ejpam-801	243	15	452	452	NUM
ejpam-801	243	16	nations	nation	NOUN
ejpam-801	243	17	for	for	ADP
ejpam-801	243	18	the	the	DET
ejpam-801	243	19	series	series	NOUN
ejpam-801	243	20	shown	show	VERB
ejpam-801	243	21	in	in	ADP
ejpam-801	243	22	the	the	DET
ejpam-801	243	23	fourth	fourth	ADJ
ejpam-801	243	24	panel	panel	NOUN
ejpam-801	243	25	of	of	ADP
ejpam-801	243	26	figure	figure	NOUN
ejpam-801	243	27	3	3	NUM
ejpam-801	244	1	but	but	CCONJ
ejpam-801	244	2	now	now	ADV
ejpam-801	244	3	under	under	ADP
ejpam-801	244	4	the	the	DET
ejpam-801	244	5	assumption	assumption	NOUN
ejpam-801	244	6	that	that	SCONJ
ejpam-801	244	7	the	the	DET
ejpam-801	244	8	errors	error	NOUN
ejpam-801	244	9	have	have	AUX
ejpam-801	244	10	a	a	DET
ejpam-801	244	11	t	t	NOUN
ejpam-801	244	12	-	-	PUNCT
ejpam-801	244	13	distribution	distribution	NOUN
ejpam-801	244	14	with	with	ADP
ejpam-801	244	15	seven	seven	NUM
ejpam-801	244	16	(	(	PUNCT
ejpam-801	244	17	left	left	ADJ
ejpam-801	244	18	panel	panel	NOUN
ejpam-801	244	19	)	)	PUNCT
ejpam-801	244	20	and	and	CCONJ
ejpam-801	244	21	five	five	NUM
ejpam-801	244	22	degrees	degree	NOUN
ejpam-801	244	23	of	of	ADP
ejpam-801	244	24	freedom	freedom	NOUN
ejpam-801	244	25	(	(	PUNCT
ejpam-801	244	26	right	right	ADJ
ejpam-801	244	27	panel	panel	NOUN
ejpam-801	244	28	)	)	PUNCT
ejpam-801	244	29	.	.	PUNCT
ejpam-801	245	1	it	it	PRON
ejpam-801	245	2	is	be	AUX
ejpam-801	245	3	seen	see	VERB
ejpam-801	245	4	how	how	SCONJ
ejpam-801	245	5	the	the	DET
ejpam-801	245	6	baseline	baseline	NOUN
ejpam-801	245	7	kurtosis	kurtosis	NOUN
ejpam-801	245	8	now	now	ADV
ejpam-801	245	9	increases	increase	VERB
ejpam-801	245	10	from	from	ADP
ejpam-801	245	11	three	three	NUM
ejpam-801	245	12	to	to	PART
ejpam-801	245	13	five	five	NUM
ejpam-801	245	14	(	(	PUNCT
ejpam-801	245	15	left	leave	VERB
ejpam-801	245	16	panel	panel	NOUN
ejpam-801	245	17	)	)	PUNCT
ejpam-801	245	18	and	and	CCONJ
ejpam-801	245	19	nine	nine	NUM
ejpam-801	245	20	(	(	PUNCT
ejpam-801	245	21	right	right	ADJ
ejpam-801	245	22	panel	panel	NOUN
ejpam-801	245	23	)	)	PUNCT
ejpam-801	245	24	.	.	PUNCT
ejpam-801	246	1	the	the	DET
ejpam-801	246	2	observations	observation	NOUN
ejpam-801	246	3	now	now	ADV
ejpam-801	246	4	fall	fall	VERB
ejpam-801	246	5	inside	inside	ADP
ejpam-801	246	6	the	the	DET
ejpam-801	246	7	fan	fan	NOUN
ejpam-801	246	8	of	of	ADP
ejpam-801	246	9	isoquants	isoquant	NOUN
ejpam-801	246	10	,	,	PUNCT
ejpam-801	246	11	and	and	CCONJ
ejpam-801	246	12	the	the	DET
ejpam-801	246	13	corresponding	corresponding	ADJ
ejpam-801	246	14	garch(1,1	garch(1,1	NOUN
ejpam-801	246	15	)	)	PUNCT
ejpam-801	246	16	model	model	NOUN
ejpam-801	246	17	with	with	ADP
ejpam-801	246	18	the	the	DET
ejpam-801	246	19	finite	finite	PROPN
ejpam-801	246	20	fourth	fourth	ADJ
ejpam-801	246	21	moment	moment	NOUN
ejpam-801	246	22	appears	appear	VERB
ejpam-801	246	23	sufficiently	sufficiently	ADV
ejpam-801	246	24	flexible	flexible	ADJ
ejpam-801	246	25	to	to	PART
ejpam-801	246	26	characterize	characterize	VERB
ejpam-801	246	27	the	the	DET
ejpam-801	246	28	stylized	stylize	VERB
ejpam-801	246	29	fact	fact	NOUN
ejpam-801	246	30	of	of	ADP
ejpam-801	246	31	high	high	ADJ
ejpam-801	246	32	kurtosis	kurtosis	NOUN
ejpam-801	246	33	and	and	CCONJ
ejpam-801	246	34	low	low	ADJ
ejpam-801	246	35	autocorrelation	autocorrelation	NOUN
ejpam-801	246	36	of	of	ADP
ejpam-801	246	37	squared	square	VERB
ejpam-801	246	38	observations	observation	NOUN
ejpam-801	246	39	.	.	PUNCT
ejpam-801	247	1	4.2	4.2	NUM
ejpam-801	247	2	.	.	PUNCT
ejpam-801	247	3	egarch(1,1	egarch(1,1	NOUN
ejpam-801	247	4	)	)	PUNCT
ejpam-801	247	5	model	model	NOUN
ejpam-801	247	6	the	the	DET
ejpam-801	247	7	garch(1,1	garch(1,1	NOUN
ejpam-801	247	8	)	)	PUNCT
ejpam-801	247	9	model	model	NOUN
ejpam-801	247	10	with	with	ADP
ejpam-801	247	11	normal	normal	ADJ
ejpam-801	247	12	errors	error	NOUN
ejpam-801	247	13	does	do	AUX
ejpam-801	247	14	not	not	PART
ejpam-801	247	15	adequately	adequately	ADV
ejpam-801	247	16	describe	describe	VERB
ejpam-801	247	17	the	the	DET
ejpam-801	247	18	stylized	stylize	VERB
ejpam-801	247	19	fact	fact	NOUN
ejpam-801	247	20	of	of	ADP
ejpam-801	247	21	high	high	ADJ
ejpam-801	247	22	kurtosis	kurtosis	NOUN
ejpam-801	247	23	/	/	SYM
ejpam-801	247	24	low	low	ADJ
ejpam-801	247	25	autocorrelation	autocorrelation	NOUN
ejpam-801	247	26	of	of	ADP
ejpam-801	247	27	squares	square	NOUN
ejpam-801	247	28	combinations	combination	NOUN
ejpam-801	247	29	.	.	PUNCT
ejpam-801	248	1	in	in	ADP
ejpam-801	248	2	this	this	DET
ejpam-801	248	3	section	section	NOUN
ejpam-801	248	4	we	we	PRON
ejpam-801	248	5	consider	consider	VERB
ejpam-801	248	6	the	the	DET
ejpam-801	248	7	situation	situation	NOUN
ejpam-801	248	8	in	in	ADP
ejpam-801	248	9	the	the	DET
ejpam-801	248	10	symmetric	symmetric	ADJ
ejpam-801	248	11	egarch(1,1	egarch(1,1	NOUN
ejpam-801	248	12	)	)	PUNCT
ejpam-801	248	13	model	model	NOUN
ejpam-801	248	14	.	.	PUNCT
ejpam-801	249	1	the	the	DET
ejpam-801	249	2	relationship	relationship	NOUN
ejpam-801	249	3	between	between	ADP
ejpam-801	249	4	κ4	κ4	NOUN
ejpam-801	249	5	and	and	CCONJ
ejpam-801	249	6	ρ1	ρ1	NOUN
ejpam-801	249	7	for	for	ADP
ejpam-801	249	8	three	three	NUM
ejpam-801	249	9	symmetric	symmetric	ADJ
ejpam-801	249	10	egarch(1,1	egarch(1,1	NOUN
ejpam-801	249	11	)	)	PUNCT
ejpam-801	249	12	models	model	NOUN
ejpam-801	249	13	,	,	PUNCT
ejpam-801	249	14	φ	φ	PROPN
ejpam-801	249	15	=	=	SYM
ejpam-801	249	16	0	0	PROPN
ejpam-801	249	17	,	,	PUNCT
ejpam-801	249	18	with	with	ADP
ejpam-801	249	19	normal	normal	ADJ
ejpam-801	249	20	errors	error	NOUN
ejpam-801	249	21	with	with	ADP
ejpam-801	249	22	different	different	ADJ
ejpam-801	249	23	persistence	persistence	NOUN
ejpam-801	249	24	measured	measure	VERB
ejpam-801	249	25	by	by	ADP
ejpam-801	249	26	β	β	X
ejpam-801	249	27	is	be	AUX
ejpam-801	249	28	depicted	depict	VERB
ejpam-801	249	29	in	in	ADP
ejpam-801	249	30	figure	figure	NOUN
ejpam-801	249	31	6†.	6†.	PRON
ejpam-801	249	32	the	the	DET
ejpam-801	249	33	isoquants	isoquant	NOUN
ejpam-801	249	34	now	now	ADV
ejpam-801	249	35	contain	contain	VERB
ejpam-801	249	36	the	the	DET
ejpam-801	249	37	points	point	NOUN
ejpam-801	249	38	with	with	ADP
ejpam-801	249	39	β	β	NOUN
ejpam-801	249	40	being	be	AUX
ejpam-801	249	41	a	a	DET
ejpam-801	249	42	constant	constant	ADJ
ejpam-801	249	43	,	,	PUNCT
ejpam-801	249	44	while	while	SCONJ
ejpam-801	249	45	ψ	ψ	NOUN
ejpam-801	249	46	is	be	AUX
ejpam-801	249	47	changing	change	VERB
ejpam-801	249	48	.	.	PUNCT
ejpam-801	250	1	the	the	DET
ejpam-801	250	2	kurtosis	kurtosis	NOUN
ejpam-801	250	3	is	be	AUX
ejpam-801	250	4	a	a	DET
ejpam-801	250	5	monotonically	monotonically	ADV
ejpam-801	250	6	increasing	increase	VERB
ejpam-801	250	7	function	function	NOUN
ejpam-801	250	8	of	of	ADP
ejpam-801	250	9	ψ	ψ	PROPN
ejpam-801	250	10	.	.	PUNCT
ejpam-801	251	1	this	this	DET
ejpam-801	251	2	figure	figure	NOUN
ejpam-801	251	3	shows	show	VERB
ejpam-801	251	4	that	that	SCONJ
ejpam-801	251	5	large	large	ADJ
ejpam-801	251	6	values	value	NOUN
ejpam-801	251	7	of	of	ADP
ejpam-801	251	8	κ4	κ4	NOUN
ejpam-801	251	9	and	and	CCONJ
ejpam-801	251	10	low	low	ADJ
ejpam-801	251	11	values	value	NOUN
ejpam-801	251	12	of	of	ADP
ejpam-801	251	13	ρ1	ρ1	NOUN
ejpam-801	251	14	can	can	AUX
ejpam-801	251	15	not	not	PART
ejpam-801	251	16	exist	exist	VERB
ejpam-801	251	17	simultaneously	simultaneously	ADV
ejpam-801	251	18	for	for	ADP
ejpam-801	251	19	the	the	DET
ejpam-801	251	20	symmetric	symmetric	ADJ
ejpam-801	251	21	egarch(1,1	egarch(1,1	NOUN
ejpam-801	251	22	)	)	PUNCT
ejpam-801	251	23	model	model	NOUN
ejpam-801	251	24	either	either	ADV
ejpam-801	251	25	.	.	PUNCT
ejpam-801	252	1	the	the	DET
ejpam-801	252	2	lowest	low	ADJ
ejpam-801	252	3	values	value	NOUN
ejpam-801	252	4	for	for	ADP
ejpam-801	252	5	ρ1	ρ1	NOUN
ejpam-801	252	6	are	be	AUX
ejpam-801	252	7	obtained	obtain	VERB
ejpam-801	252	8	when	when	SCONJ
ejpam-801	252	9	β	β	X
ejpam-801	252	10	is	be	AUX
ejpam-801	252	11	close	close	ADJ
ejpam-801	252	12	to	to	ADP
ejpam-801	252	13	one	one	NUM
ejpam-801	252	14	but	but	SCONJ
ejpam-801	252	15	these	these	DET
ejpam-801	252	16	values	value	NOUN
ejpam-801	252	17	are	be	AUX
ejpam-801	252	18	not	not	PART
ejpam-801	252	19	sufficiently	sufficiently	ADV
ejpam-801	252	20	low	low	ADJ
ejpam-801	252	21	to	to	PART
ejpam-801	252	22	reach	reach	VERB
ejpam-801	252	23	down	down	ADP
ejpam-801	252	24	where	where	SCONJ
ejpam-801	252	25	the	the	DET
ejpam-801	252	26	data	datum	NOUN
ejpam-801	252	27	-	-	PUNCT
ejpam-801	252	28	points	point	NOUN
ejpam-801	252	29	are	be	AUX
ejpam-801	252	30	.	.	PUNCT
ejpam-801	253	1	[	[	X
ejpam-801	253	2	42	42	NUM
ejpam-801	253	3	]	]	PUNCT
ejpam-801	253	4	recommended	recommend	VERB
ejpam-801	253	5	using	use	VERB
ejpam-801	253	6	the	the	DET
ejpam-801	253	7	generalized	generalize	VERB
ejpam-801	253	8	error	error	NOUN
ejpam-801	253	9	distribution	distribution	NOUN
ejpam-801	253	10	(	(	PUNCT
ejpam-801	253	11	ged(υ	ged(υ	NOUN
ejpam-801	253	12	)	)	PUNCT
ejpam-801	253	13	)	)	PUNCT
ejpam-801	253	14	for	for	ADP
ejpam-801	253	15	the	the	DET
ejpam-801	253	16	errors	error	NOUN
ejpam-801	253	17	.	.	PUNCT
ejpam-801	254	1	[	[	X
ejpam-801	254	2	22	22	NUM
ejpam-801	254	3	]	]	PUNCT
ejpam-801	254	4	used	use	VERB
ejpam-801	254	5	the	the	DET
ejpam-801	254	6	double	double	ADJ
ejpam-801	254	7	exponential	exponential	NOUN
ejpam-801	254	8	(	(	PUNCT
ejpam-801	254	9	laplace	laplace	NOUN
ejpam-801	254	10	)	)	PUNCT
ejpam-801	254	11	distribution	distribution	NOUN
ejpam-801	254	12	.	.	PUNCT
ejpam-801	255	1	the	the	DET
ejpam-801	255	2	ged(υ	ged(υ	PROPN
ejpam-801	255	3	)	)	PUNCT
ejpam-801	255	4	includes	include	VERB
ejpam-801	255	5	both	both	CCONJ
ejpam-801	255	6	the	the	DET
ejpam-801	255	7	normal	normal	ADJ
ejpam-801	255	8	distribution	distribution	NOUN
ejpam-801	255	9	,	,	PUNCT
ejpam-801	255	10	υ	υ	NOUN
ejpam-801	255	11	=	=	NOUN
ejpam-801	255	12	2	2	NUM
ejpam-801	255	13	,	,	PUNCT
ejpam-801	255	14	and	and	CCONJ
ejpam-801	255	15	the	the	DET
ejpam-801	255	16	laplace	laplace	NOUN
ejpam-801	255	17	distribution	distribution	NOUN
ejpam-801	255	18	,	,	PUNCT
ejpam-801	255	19	υ	υ	NOUN
ejpam-801	255	20	=	=	NOUN
ejpam-801	255	21	1	1	NUM
ejpam-801	255	22	,	,	PUNCT
ejpam-801	255	23	as	as	ADP
ejpam-801	255	24	special	special	ADJ
ejpam-801	255	25	cases	case	NOUN
ejpam-801	255	26	.	.	PUNCT
ejpam-801	256	1	if	if	SCONJ
ejpam-801	256	2	υ≤	υ≤	PROPN
ejpam-801	256	3	1	1	NUM
ejpam-801	256	4	,	,	PUNCT
ejpam-801	256	5	restrictions	restriction	NOUN
ejpam-801	256	6	on	on	ADP
ejpam-801	256	7	ψ	ψ	X
ejpam-801	256	8	(	(	PUNCT
ejpam-801	256	9	and	and	CCONJ
ejpam-801	256	10	φ	φ	NUM
ejpam-801	256	11	)	)	PUNCT
ejpam-801	256	12	are	be	AUX
ejpam-801	256	13	needed	need	VERB
ejpam-801	256	14	to	to	PART
ejpam-801	256	15	guarantee	guarantee	VERB
ejpam-801	256	16	finite	finite	ADJ
ejpam-801	256	17	moments	moment	NOUN
ejpam-801	256	18	.	.	PUNCT
ejpam-801	257	1	note	note	VERB
ejpam-801	257	2	that	that	SCONJ
ejpam-801	257	3	the	the	DET
ejpam-801	257	4	t	t	NOUN
ejpam-801	257	5	-	-	PUNCT
ejpam-801	257	6	distribution	distribution	NOUN
ejpam-801	257	7	for	for	ADP
ejpam-801	257	8	the	the	DET
ejpam-801	257	9	errors	error	NOUN
ejpam-801	257	10	may	may	AUX
ejpam-801	257	11	imply	imply	VERB
ejpam-801	257	12	an	an	DET
ejpam-801	257	13	infinite	infinite	ADJ
ejpam-801	257	14	unconditional	unconditional	ADJ
ejpam-801	257	15	variance	variance	NOUN
ejpam-801	257	16	for	for	ADP
ejpam-801	257	17	{	{	PUNCT
ejpam-801	257	18	ǫt	ǫt	PROPN
ejpam-801	257	19	}	}	PUNCT
ejpam-801	257	20	.	.	PUNCT
ejpam-801	258	1	for	for	ADP
ejpam-801	258	2	a	a	DET
ejpam-801	258	3	detailed	detailed	ADJ
ejpam-801	258	4	discussion	discussion	NOUN
ejpam-801	258	5	,	,	PUNCT
ejpam-801	258	6	see	see	VERB
ejpam-801	258	7	[	[	X
ejpam-801	258	8	42	42	NUM
ejpam-801	258	9	]	]	PUNCT
ejpam-801	258	10	.	.	PUNCT
ejpam-801	259	1	the	the	DET
ejpam-801	259	2	autocorrelations	autocorrelation	NOUN
ejpam-801	259	3	of	of	ADP
ejpam-801	259	4	{	{	PUNCT
ejpam-801	259	5	�	�	PROPN
ejpam-801	259	6	�	�	PROPN
ejpam-801	259	7	ǫt	ǫt	PROPN
ejpam-801	259	8	�	�	PROPN
ejpam-801	259	9	�	�	PROPN
ejpam-801	259	10	2	2	NUM
ejpam-801	259	11	m	m	NOUN
ejpam-801	259	12	}	}	PUNCT
ejpam-801	259	13	with	with	ADP
ejpam-801	259	14	zt	zt	PROPN
ejpam-801	259	15	∼ged(υ	∼ged(υ	PROPN
ejpam-801	259	16	)	)	PUNCT
ejpam-801	259	17	can	can	AUX
ejpam-801	259	18	be	be	AUX
ejpam-801	259	19	found	find	VERB
ejpam-801	259	20	in	in	ADP
ejpam-801	259	21	[	[	X
ejpam-801	259	22	27	27	NUM
ejpam-801	259	23	]	]	PUNCT
ejpam-801	259	24	.	.	PUNCT
ejpam-801	260	1	4.3	4.3	NUM
ejpam-801	260	2	.	.	X
ejpam-801	260	3	arsv(1	arsv(1	NOUN
ejpam-801	260	4	)	)	PUNCT
ejpam-801	260	5	model	model	NOUN
ejpam-801	260	6	in	in	ADP
ejpam-801	260	7	order	order	NOUN
ejpam-801	260	8	to	to	PART
ejpam-801	260	9	complete	complete	VERB
ejpam-801	260	10	our	our	PRON
ejpam-801	260	11	scrutiny	scrutiny	NOUN
ejpam-801	260	12	of	of	ADP
ejpam-801	260	13	the	the	DET
ejpam-801	260	14	kurtosis	kurtosis	NOUN
ejpam-801	260	15	/	/	SYM
ejpam-801	260	16	autocorrelation	autocorrelation	NOUN
ejpam-801	260	17	relationship	relationship	NOUN
ejpam-801	260	18	we	we	PRON
ejpam-801	260	19	consider	consider	VERB
ejpam-801	260	20	the	the	DET
ejpam-801	260	21	first	first	ADJ
ejpam-801	260	22	-	-	PUNCT
ejpam-801	260	23	order	order	NOUN
ejpam-801	260	24	arsv	arsv	PROPN
ejpam-801	260	25	model	model	NOUN
ejpam-801	260	26	.	.	PUNCT
ejpam-801	261	1	[	[	X
ejpam-801	261	2	8	8	NUM
ejpam-801	261	3	]	]	PUNCT
ejpam-801	261	4	have	have	AUX
ejpam-801	261	5	also	also	ADV
ejpam-801	261	6	done	do	VERB
ejpam-801	261	7	similar	similar	ADJ
ejpam-801	261	8	work	work	NOUN
ejpam-801	261	9	.	.	PUNCT
ejpam-801	262	1	the	the	DET
ejpam-801	262	2	autocorrelation	autocorrelation	NOUN
ejpam-801	262	3	function	function	NOUN
ejpam-801	262	4	of	of	ADP
ejpam-801	262	5	{	{	PUNCT
ejpam-801	262	6	ǫ2	ǫ2	PROPN
ejpam-801	262	7	t	t	PROPN
ejpam-801	262	8	}	}	PUNCT
ejpam-801	262	9	of	of	ADP
ejpam-801	262	10	the	the	DET
ejpam-801	262	11	arsv(1	arsv(1	NOUN
ejpam-801	262	12	)	)	PUNCT
ejpam-801	262	13	model	model	NOUN
ejpam-801	262	14	can	can	AUX
ejpam-801	262	15	be	be	AUX
ejpam-801	262	16	expressed	express	VERB
ejpam-801	262	17	as	as	ADP
ejpam-801	262	18	a	a	DET
ejpam-801	262	19	function	function	NOUN
ejpam-801	262	20	of	of	ADP
ejpam-801	262	21	the	the	DET
ejpam-801	262	22	kurtosis	kurtosis	NOUN
ejpam-801	262	23	as	as	SCONJ
ejpam-801	262	24	follows	follow	VERB
ejpam-801	262	25	:	:	PUNCT
ejpam-801	262	26	ρn(1	ρn(1	X
ejpam-801	262	27	)	)	PUNCT
ejpam-801	262	28	=	=	SYM
ejpam-801	262	29	(	(	PUNCT
ejpam-801	262	30	κ4	κ4	PROPN
ejpam-801	262	31	/	/	SYM
ejpam-801	262	32	κ4(zt	κ4(zt	PROPN
ejpam-801	262	33	)	)	PUNCT
ejpam-801	262	34	)	)	PUNCT
ejpam-801	263	1	βn	βn	PUNCT
ejpam-801	263	2	−	−	PROPN
ejpam-801	263	3	1	1	NUM
ejpam-801	263	4	κ4	κ4	NOUN
ejpam-801	263	5	−	−	NOUN
ejpam-801	263	6	1	1	NUM
ejpam-801	263	7	,	,	PUNCT
ejpam-801	263	8	n	n	PRON
ejpam-801	263	9	≥	≥	NOUN
ejpam-801	263	10	1	1	NUM
ejpam-801	263	11	.	.	PUNCT
ejpam-801	264	1	(	(	PUNCT
ejpam-801	264	2	21	21	NUM
ejpam-801	264	3	)	)	PUNCT
ejpam-801	264	4	note	note	VERB
ejpam-801	264	5	the	the	DET
ejpam-801	264	6	similarity	similarity	NOUN
ejpam-801	264	7	between	between	ADP
ejpam-801	264	8	(	(	PUNCT
ejpam-801	264	9	21	21	NUM
ejpam-801	264	10	)	)	PUNCT
ejpam-801	264	11	and	and	CCONJ
ejpam-801	264	12	the	the	DET
ejpam-801	264	13	corresponding	corresponding	ADJ
ejpam-801	264	14	expression	expression	NOUN
ejpam-801	264	15	for	for	ADP
ejpam-801	264	16	the	the	DET
ejpam-801	264	17	egarch(1,1	egarch(1,1	NOUN
ejpam-801	264	18	)	)	PUNCT
ejpam-801	264	19	model	model	NOUN
ejpam-801	264	20	with	with	ADP
ejpam-801	264	21	ψ	ψ	NOUN
ejpam-801	264	22	=	=	SYM
ejpam-801	264	23	0	0	NUM
ejpam-801	264	24	in	in	ADP
ejpam-801	264	25	footnote	footnote	NOUN
ejpam-801	264	26	1	1	NUM
ejpam-801	264	27	.	.	PUNCT
ejpam-801	265	1	in	in	ADP
ejpam-801	265	2	fact	fact	NOUN
ejpam-801	265	3	,	,	PUNCT
ejpam-801	265	4	a	a	DET
ejpam-801	265	5	comparison	comparison	NOUN
ejpam-801	265	6	of	of	ADP
ejpam-801	265	7	these	these	DET
ejpam-801	265	8	expressions	expression	NOUN
ejpam-801	265	9	shows	show	VERB
ejpam-801	265	10	that	that	SCONJ
ejpam-801	265	11	the	the	DET
ejpam-801	265	12	autocorrelations	autocorrelation	NOUN
ejpam-801	265	13	for	for	ADP
ejpam-801	265	14	this	this	DET
ejpam-801	265	15	special	special	ADJ
ejpam-801	265	16	egarch	egarch	NOUN
ejpam-801	265	17	model	model	NOUN
ejpam-801	265	18	with	with	ADP
ejpam-801	265	19	normal	normal	ADJ
ejpam-801	265	20	errors	error	NOUN
ejpam-801	265	21	for	for	ADP
ejpam-801	265	22	the	the	DET
ejpam-801	265	23	same	same	ADJ
ejpam-801	265	24	value	value	NOUN
ejpam-801	265	25	β	β	X
ejpam-801	265	26	are	be	AUX
ejpam-801	265	27	always	always	ADV
ejpam-801	265	28	greater	great	ADJ
ejpam-801	265	29	than	than	ADP
ejpam-801	265	30	the	the	DET
ejpam-801	265	31	corresponding	correspond	VERB
ejpam-801	265	32	autocorrelations	autocorrelation	NOUN
ejpam-801	265	33	for	for	ADP
ejpam-801	265	34	the	the	DET
ejpam-801	265	35	arsv(1	arsv(1	NOUN
ejpam-801	265	36	)	)	PUNCT
ejpam-801	265	37	model	model	NOUN
ejpam-801	265	38	.	.	PUNCT
ejpam-801	266	1	figure	figure	NOUN
ejpam-801	266	2	7	7	NUM
ejpam-801	266	3	contains	contain	VERB
ejpam-801	266	4	a	a	DET
ejpam-801	266	5	plot	plot	NOUN
ejpam-801	266	6	of	of	ADP
ejpam-801	266	7	the	the	DET
ejpam-801	266	8	relationship	relationship	NOUN
ejpam-801	266	9	between	between	ADP
ejpam-801	266	10	κ4	κ4	NOUN
ejpam-801	266	11	and	and	CCONJ
ejpam-801	266	12	ρ1(1	ρ1(1	NOUN
ejpam-801	266	13	)	)	PUNCT
ejpam-801	266	14	for	for	ADP
ejpam-801	266	15	three	three	NUM
ejpam-801	266	16	arsv(1	arsv(1	NOUN
ejpam-801	266	17	)	)	PUNCT
ejpam-801	266	18	models	model	NOUN
ejpam-801	266	19	with	with	ADP
ejpam-801	266	20	normal	normal	ADJ
ejpam-801	266	21	errors	error	NOUN
ejpam-801	266	22	(	(	PUNCT
ejpam-801	266	23	κ4(zt	κ4(zt	PROPN
ejpam-801	266	24	)	)	PUNCT
ejpam-801	266	25	=	=	SYM
ejpam-801	266	26	3	3	X
ejpam-801	266	27	)	)	PUNCT
ejpam-801	266	28	with	with	ADP
ejpam-801	266	29	different	different	ADJ
ejpam-801	266	30	persistence	persistence	NOUN
ejpam-801	266	31	measures	measure	NOUN
ejpam-801	266	32	β	β	NOUN
ejpam-801	266	33	.	.	PUNCT
ejpam-801	267	1	the	the	DET
ejpam-801	267	2	isoquants	isoquant	NOUN
ejpam-801	267	3	now	now	ADV
ejpam-801	267	4	consist	consist	VERB
ejpam-801	267	5	of	of	ADP
ejpam-801	267	6	the	the	DET
ejpam-801	267	7	points	point	NOUN
ejpam-801	267	8	with	with	ADP
ejpam-801	267	9	β	β	X
ejpam-801	267	10	being	be	AUX
ejpam-801	267	11	0.95	0.95	NUM
ejpam-801	267	12	,	,	PUNCT
ejpam-801	267	13	0.99	0.99	NUM
ejpam-801	267	14	,	,	PUNCT
ejpam-801	267	15	0.999	0.999	NUM
ejpam-801	267	16	,	,	PUNCT
ejpam-801	267	17	respectively	respectively	ADV
ejpam-801	267	18	,	,	PUNCT
ejpam-801	267	19	while	while	SCONJ
ejpam-801	267	20	σ2	σ2	PROPN
ejpam-801	267	21	η	η	PROPN
ejpam-801	267	22	is	be	AUX
ejpam-801	267	23	changing	change	VERB
ejpam-801	267	24	.	.	PUNCT
ejpam-801	268	1	the	the	DET
ejpam-801	268	2	kurtosis	kurtosis	NOUN
ejpam-801	268	3	is	be	AUX
ejpam-801	268	4	†for	†for	ADP
ejpam-801	268	5	the	the	DET
ejpam-801	268	6	egarch(1,1	egarch(1,1	NOUN
ejpam-801	268	7	)	)	PUNCT
ejpam-801	268	8	model	model	NOUN
ejpam-801	268	9	with	with	ADP
ejpam-801	268	10	ψ	ψ	NOUN
ejpam-801	268	11	=	=	SYM
ejpam-801	268	12	0	0	NUM
ejpam-801	268	13	and	and	CCONJ
ejpam-801	268	14	standard	standard	ADJ
ejpam-801	268	15	normal	normal	ADJ
ejpam-801	268	16	errors	error	NOUN
ejpam-801	268	17	we	we	PRON
ejpam-801	268	18	can	can	AUX
ejpam-801	268	19	express	express	VERB
ejpam-801	268	20	the	the	DET
ejpam-801	268	21	autocorrelation	autocorrelation	NOUN
ejpam-801	268	22	function	function	NOUN
ejpam-801	268	23	of	of	ADP
ejpam-801	268	24	squared	square	VERB
ejpam-801	268	25	observations	observation	NOUN
ejpam-801	268	26	as	as	ADP
ejpam-801	268	27	a	a	DET
ejpam-801	268	28	function	function	NOUN
ejpam-801	268	29	of	of	ADP
ejpam-801	268	30	kurtosis	kurtosis	NOUN
ejpam-801	268	31	:	:	PUNCT
ejpam-801	268	32	ρn(1	ρn(1	X
ejpam-801	268	33	)	)	PUNCT
ejpam-801	268	34	=	=	SYM
ejpam-801	268	35	(	(	PUNCT
ejpam-801	268	36	1+φ2)(κ4/3	1+φ2)(κ4/3	NUM
ejpam-801	268	37	)	)	PUNCT
ejpam-801	268	38	βn	βn	NOUN
ejpam-801	268	39	−1	−1	NOUN
ejpam-801	268	40	κ4−1	κ4−1	PROPN
ejpam-801	268	41	.	.	PUNCT
ejpam-801	269	1	h.	h.	PROPN
ejpam-801	269	2	malmsten	malmsten	PROPN
ejpam-801	269	3	and	and	CCONJ
ejpam-801	269	4	t.	t.	PROPN
ejpam-801	269	5	teräsvirta	teräsvirta	PROPN
ejpam-801	269	6	/	/	SYM
ejpam-801	269	7	eur	eur	PROPN
ejpam-801	269	8	.	.	PUNCT
ejpam-801	270	1	j.	j.	PROPN
ejpam-801	270	2	pure	pure	PROPN
ejpam-801	270	3	appl	appl	PROPN
ejpam-801	270	4	.	.	PROPN
ejpam-801	270	5	math	math	PROPN
ejpam-801	270	6	,	,	PUNCT
ejpam-801	270	7	3	3	NUM
ejpam-801	270	8	(	(	PUNCT
ejpam-801	270	9	2010	2010	NUM
ejpam-801	270	10	)	)	PUNCT
ejpam-801	270	11	,	,	PUNCT
ejpam-801	270	12	443	443	NUM
ejpam-801	270	13	-	-	SYM
ejpam-801	270	14	477	477	NUM
ejpam-801	270	15	453	453	NUM
ejpam-801	270	16	a	a	DET
ejpam-801	270	17	monotonically	monotonically	ADV
ejpam-801	270	18	increasing	increase	VERB
ejpam-801	270	19	function	function	NOUN
ejpam-801	270	20	of	of	ADP
ejpam-801	270	21	σ2	σ2	PROPN
ejpam-801	270	22	η	η	PROPN
ejpam-801	270	23	.	.	PROPN
ejpam-801	270	24	an	an	DET
ejpam-801	270	25	important	important	ADJ
ejpam-801	270	26	difference	difference	NOUN
ejpam-801	270	27	between	between	ADP
ejpam-801	270	28	the	the	DET
ejpam-801	270	29	symmetric	symmetric	ADJ
ejpam-801	270	30	egarch(1,1	egarch(1,1	NOUN
ejpam-801	270	31	)	)	PUNCT
ejpam-801	270	32	model	model	NOUN
ejpam-801	270	33	and	and	CCONJ
ejpam-801	270	34	the	the	DET
ejpam-801	270	35	arsv(1	arsv(1	NOUN
ejpam-801	270	36	)	)	PUNCT
ejpam-801	270	37	model	model	NOUN
ejpam-801	270	38	lies	lie	VERB
ejpam-801	270	39	in	in	ADP
ejpam-801	270	40	the	the	DET
ejpam-801	270	41	behaviour	behaviour	NOUN
ejpam-801	270	42	of	of	ADP
ejpam-801	270	43	the	the	DET
ejpam-801	270	44	first	first	ADJ
ejpam-801	270	45	-	-	PUNCT
ejpam-801	270	46	order	order	NOUN
ejpam-801	270	47	autocorrelation	autocorrelation	NOUN
ejpam-801	270	48	when	when	SCONJ
ejpam-801	270	49	the	the	DET
ejpam-801	270	50	kurtosis	kurtosis	NOUN
ejpam-801	270	51	is	be	AUX
ejpam-801	270	52	held	hold	VERB
ejpam-801	270	53	constant	constant	ADJ
ejpam-801	270	54	.	.	PUNCT
ejpam-801	271	1	in	in	ADP
ejpam-801	271	2	the	the	DET
ejpam-801	271	3	egarch(1,1	egarch(1,1	NOUN
ejpam-801	271	4	)	)	PUNCT
ejpam-801	271	5	model	model	NOUN
ejpam-801	271	6	,	,	PUNCT
ejpam-801	271	7	the	the	DET
ejpam-801	271	8	value	value	NOUN
ejpam-801	271	9	of	of	ADP
ejpam-801	271	10	the	the	DET
ejpam-801	271	11	autocorrelation	autocorrelation	NOUN
ejpam-801	271	12	decreases	decrease	VERB
ejpam-801	271	13	as	as	ADP
ejpam-801	271	14	a	a	DET
ejpam-801	271	15	function	function	NOUN
ejpam-801	271	16	of	of	ADP
ejpam-801	271	17	β1	β1	PROPN
ejpam-801	271	18	,	,	PUNCT
ejpam-801	271	19	the	the	DET
ejpam-801	271	20	parameter	parameter	NOUN
ejpam-801	271	21	that	that	PRON
ejpam-801	271	22	controls	control	VERB
ejpam-801	271	23	the	the	DET
ejpam-801	271	24	decay	decay	NOUN
ejpam-801	271	25	rate	rate	NOUN
ejpam-801	271	26	of	of	ADP
ejpam-801	271	27	the	the	DET
ejpam-801	271	28	autocorrelations	autocorrelation	NOUN
ejpam-801	271	29	.	.	PUNCT
ejpam-801	272	1	in	in	ADP
ejpam-801	272	2	the	the	DET
ejpam-801	272	3	arsv(1	arsv(1	NOUN
ejpam-801	272	4	)	)	PUNCT
ejpam-801	272	5	model	model	NOUN
ejpam-801	272	6	this	this	DET
ejpam-801	272	7	value	value	NOUN
ejpam-801	272	8	increases	increase	VERB
ejpam-801	272	9	as	as	ADP
ejpam-801	272	10	a	a	DET
ejpam-801	272	11	function	function	NOUN
ejpam-801	272	12	of	of	ADP
ejpam-801	272	13	the	the	DET
ejpam-801	272	14	corresponding	corresponding	ADJ
ejpam-801	272	15	parameter	parameter	PROPN
ejpam-801	272	16	β	β	PROPN
ejpam-801	272	17	.	.	PUNCT
ejpam-801	273	1	thus	thus	ADV
ejpam-801	273	2	,	,	PUNCT
ejpam-801	273	3	contrary	contrary	ADV
ejpam-801	273	4	to	to	ADP
ejpam-801	273	5	the	the	DET
ejpam-801	273	6	symmetric	symmetric	ADJ
ejpam-801	273	7	egarch	egarch	PROPN
ejpam-801	273	8	model	model	NOUN
ejpam-801	273	9	,	,	PUNCT
ejpam-801	273	10	a	a	DET
ejpam-801	273	11	low	low	ADJ
ejpam-801	273	12	first	first	ADJ
ejpam-801	273	13	-	-	PUNCT
ejpam-801	273	14	order	order	NOUN
ejpam-801	273	15	autocorrelation	autocorrelation	NOUN
ejpam-801	273	16	and	and	CCONJ
ejpam-801	273	17	high	high	ADJ
ejpam-801	273	18	persistence	persistence	NOUN
ejpam-801	273	19	can	can	AUX
ejpam-801	273	20	coexist	coexist	VERB
ejpam-801	273	21	in	in	ADP
ejpam-801	273	22	the	the	DET
ejpam-801	273	23	arsv	arsv	PROPN
ejpam-801	273	24	model	model	NOUN
ejpam-801	273	25	.	.	PUNCT
ejpam-801	274	1	in	in	ADP
ejpam-801	274	2	general	general	ADJ
ejpam-801	274	3	,	,	PUNCT
ejpam-801	274	4	the	the	DET
ejpam-801	274	5	firstorder	firstorder	NOUN
ejpam-801	274	6	autocorrelations	autocorrelation	NOUN
ejpam-801	274	7	,	,	PUNCT
ejpam-801	274	8	given	give	VERB
ejpam-801	274	9	the	the	DET
ejpam-801	274	10	kurtosis	kurtosis	NOUN
ejpam-801	274	11	,	,	PUNCT
ejpam-801	274	12	are	be	AUX
ejpam-801	274	13	lower	low	ADJ
ejpam-801	274	14	in	in	ADP
ejpam-801	274	15	the	the	DET
ejpam-801	274	16	arsv	arsv	NOUN
ejpam-801	274	17	than	than	ADP
ejpam-801	274	18	the	the	DET
ejpam-801	274	19	egarch	egarch	NOUN
ejpam-801	274	20	model	model	NOUN
ejpam-801	274	21	with	with	ADP
ejpam-801	274	22	normal	normal	ADJ
ejpam-801	274	23	errors	error	NOUN
ejpam-801	274	24	.	.	PUNCT
ejpam-801	275	1	this	this	PRON
ejpam-801	275	2	may	may	AUX
ejpam-801	275	3	at	at	ADV
ejpam-801	275	4	least	least	ADJ
ejpam-801	275	5	partly	partly	ADV
ejpam-801	275	6	explain	explain	VERB
ejpam-801	275	7	the	the	DET
ejpam-801	275	8	fact	fact	NOUN
ejpam-801	275	9	that	that	SCONJ
ejpam-801	275	10	in	in	ADP
ejpam-801	275	11	some	some	DET
ejpam-801	275	12	applications	application	NOUN
ejpam-801	275	13	the	the	DET
ejpam-801	275	14	arsv(1	arsv(1	NOUN
ejpam-801	275	15	)	)	PUNCT
ejpam-801	275	16	model	model	NOUN
ejpam-801	275	17	seems	seem	VERB
ejpam-801	275	18	to	to	PART
ejpam-801	275	19	fit	fit	VERB
ejpam-801	275	20	the	the	DET
ejpam-801	275	21	data	datum	NOUN
ejpam-801	275	22	better	well	ADJ
ejpam-801	275	23	than	than	ADP
ejpam-801	275	24	its	its	PRON
ejpam-801	275	25	egarch	egarch	NOUN
ejpam-801	275	26	or	or	CCONJ
ejpam-801	275	27	garch	garch	NOUN
ejpam-801	275	28	counterpart	counterpart	NOUN
ejpam-801	275	29	.	.	PUNCT
ejpam-801	276	1	it	it	PRON
ejpam-801	276	2	may	may	AUX
ejpam-801	276	3	also	also	ADV
ejpam-801	276	4	explain	explain	VERB
ejpam-801	276	5	the	the	DET
ejpam-801	276	6	stylized	stylize	VERB
ejpam-801	276	7	fact	fact	NOUN
ejpam-801	276	8	mentioned	mention	VERB
ejpam-801	276	9	in	in	ADP
ejpam-801	276	10	[	[	X
ejpam-801	276	11	48	48	NUM
ejpam-801	276	12	]	]	PUNCT
ejpam-801	276	13	that	that	SCONJ
ejpam-801	276	14	β	β	PROPN
ejpam-801	276	15	estimated	estimate	VERB
ejpam-801	276	16	from	from	ADP
ejpam-801	276	17	an	an	DET
ejpam-801	276	18	arsv(1	arsv(1	NOUN
ejpam-801	276	19	)	)	PUNCT
ejpam-801	276	20	model	model	NOUN
ejpam-801	276	21	tends	tend	VERB
ejpam-801	276	22	to	to	PART
ejpam-801	276	23	be	be	AUX
ejpam-801	276	24	lower	low	ADJ
ejpam-801	276	25	than	than	ADP
ejpam-801	276	26	the	the	DET
ejpam-801	276	27	sum	sum	NOUN
ejpam-801	276	28	α1	α1	PROPN
ejpam-801	276	29	+	+	CCONJ
ejpam-801	276	30	β1	β1	PROPN
ejpam-801	276	31	estimated	estimate	VERB
ejpam-801	276	32	from	from	ADP
ejpam-801	276	33	a	a	DET
ejpam-801	276	34	garch(1,1	garch(1,1	NOUN
ejpam-801	276	35	)	)	PUNCT
ejpam-801	276	36	model	model	NOUN
ejpam-801	276	37	.	.	PUNCT
ejpam-801	277	1	in	in	ADP
ejpam-801	277	2	figure	figure	NOUN
ejpam-801	277	3	8	8	NUM
ejpam-801	277	4	the	the	DET
ejpam-801	277	5	errors	error	NOUN
ejpam-801	277	6	of	of	ADP
ejpam-801	277	7	the	the	DET
ejpam-801	277	8	arsv	arsv	PROPN
ejpam-801	277	9	model	model	NOUN
ejpam-801	277	10	have	have	VERB
ejpam-801	277	11	a	a	DET
ejpam-801	277	12	t	t	NOUN
ejpam-801	277	13	-	-	PUNCT
ejpam-801	277	14	distribution	distribution	NOUN
ejpam-801	277	15	with	with	ADP
ejpam-801	277	16	seven	seven	NUM
ejpam-801	277	17	(	(	PUNCT
ejpam-801	277	18	left	left	ADJ
ejpam-801	277	19	panel	panel	NOUN
ejpam-801	277	20	)	)	PUNCT
ejpam-801	277	21	and	and	CCONJ
ejpam-801	277	22	five	five	NUM
ejpam-801	277	23	degrees	degree	NOUN
ejpam-801	277	24	of	of	ADP
ejpam-801	277	25	freedom	freedom	NOUN
ejpam-801	277	26	(	(	PUNCT
ejpam-801	277	27	right	right	ADJ
ejpam-801	277	28	panel	panel	NOUN
ejpam-801	277	29	)	)	PUNCT
ejpam-801	277	30	.	.	PUNCT
ejpam-801	278	1	it	it	PRON
ejpam-801	278	2	is	be	AUX
ejpam-801	278	3	seen	see	VERB
ejpam-801	278	4	that	that	SCONJ
ejpam-801	278	5	when	when	SCONJ
ejpam-801	278	6	the	the	DET
ejpam-801	278	7	number	number	NOUN
ejpam-801	278	8	of	of	ADP
ejpam-801	278	9	degrees	degree	NOUN
ejpam-801	278	10	of	of	ADP
ejpam-801	278	11	freedom	freedom	NOUN
ejpam-801	278	12	in	in	ADP
ejpam-801	278	13	the	the	DET
ejpam-801	278	14	t	t	NOUN
ejpam-801	278	15	-	-	PUNCT
ejpam-801	278	16	distribution	distribution	NOUN
ejpam-801	278	17	decreases	decrease	NOUN
ejpam-801	278	18	,	,	PUNCT
ejpam-801	278	19	the	the	DET
ejpam-801	278	20	persistence	persistence	NOUN
ejpam-801	278	21	parameter	parameter	NOUN
ejpam-801	278	22	β	β	PROPN
ejpam-801	278	23	only	only	ADV
ejpam-801	278	24	has	have	VERB
ejpam-801	278	25	a	a	DET
ejpam-801	278	26	negligible	negligible	ADJ
ejpam-801	278	27	effect	effect	NOUN
ejpam-801	278	28	on	on	ADP
ejpam-801	278	29	the	the	DET
ejpam-801	278	30	first	first	ADJ
ejpam-801	278	31	-	-	PUNCT
ejpam-801	278	32	order	order	NOUN
ejpam-801	278	33	autocorrelation	autocorrelation	NOUN
ejpam-801	278	34	.	.	PUNCT
ejpam-801	279	1	at	at	ADP
ejpam-801	279	2	the	the	DET
ejpam-801	279	3	same	same	ADJ
ejpam-801	279	4	time	time	NOUN
ejpam-801	279	5	,	,	PUNCT
ejpam-801	279	6	the	the	DET
ejpam-801	279	7	value	value	NOUN
ejpam-801	279	8	of	of	ADP
ejpam-801	279	9	the	the	DET
ejpam-801	279	10	autocorrelation	autocorrelation	NOUN
ejpam-801	279	11	rapidly	rapidly	ADV
ejpam-801	279	12	decreases	decrease	VERB
ejpam-801	279	13	with	with	ADP
ejpam-801	279	14	the	the	DET
ejpam-801	279	15	number	number	NOUN
ejpam-801	279	16	of	of	ADP
ejpam-801	279	17	degrees	degree	NOUN
ejpam-801	279	18	of	of	ADP
ejpam-801	279	19	freedom	freedom	NOUN
ejpam-801	279	20	for	for	ADP
ejpam-801	279	21	any	any	DET
ejpam-801	279	22	given	give	VERB
ejpam-801	279	23	σ2	σ2	PROPN
ejpam-801	279	24	η	η	PROPN
ejpam-801	279	25	.	.	PROPN
ejpam-801	279	26	compared	compare	VERB
ejpam-801	279	27	to	to	ADP
ejpam-801	279	28	the	the	DET
ejpam-801	279	29	garch(1,1	garch(1,1	NOUN
ejpam-801	279	30	)	)	PUNCT
ejpam-801	279	31	model	model	NOUN
ejpam-801	279	32	,	,	PUNCT
ejpam-801	279	33	the	the	DET
ejpam-801	279	34	difference	difference	NOUN
ejpam-801	279	35	is	be	AUX
ejpam-801	279	36	quite	quite	ADV
ejpam-801	279	37	striking	striking	ADJ
ejpam-801	279	38	.	.	PUNCT
ejpam-801	280	1	5	5	X
ejpam-801	280	2	.	.	X
ejpam-801	280	3	taylor	taylor	PROPN
ejpam-801	280	4	effect	effect	NOUN
ejpam-801	280	5	5.1	5.1	NUM
ejpam-801	280	6	.	.	PUNCT
ejpam-801	280	7	garch(1,1	garch(1,1	NOUN
ejpam-801	280	8	)	)	PUNCT
ejpam-801	280	9	model	model	NOUN
ejpam-801	280	10	as	as	SCONJ
ejpam-801	280	11	discussed	discuss	VERB
ejpam-801	280	12	in	in	ADP
ejpam-801	280	13	section	section	NOUN
ejpam-801	280	14	2	2	NUM
ejpam-801	280	15	,	,	PUNCT
ejpam-801	280	16	a	a	DET
ejpam-801	280	17	large	large	ADJ
ejpam-801	280	18	number	number	NOUN
ejpam-801	280	19	of	of	ADP
ejpam-801	280	20	financial	financial	ADJ
ejpam-801	280	21	series	series	NOUN
ejpam-801	280	22	display	display	VERB
ejpam-801	280	23	an	an	DET
ejpam-801	280	24	autocorrelation	autocorrelation	NOUN
ejpam-801	280	25	structure	structure	NOUN
ejpam-801	280	26	such	such	ADJ
ejpam-801	280	27	that	that	SCONJ
ejpam-801	280	28	the	the	DET
ejpam-801	280	29	autocorrelation	autocorrelation	NOUN
ejpam-801	280	30	of	of	ADP
ejpam-801	280	31	�	�	PROPN
ejpam-801	280	32	�	�	PROPN
ejpam-801	280	33	ǫt	ǫt	PROPN
ejpam-801	280	34	�	�	PROPN
ejpam-801	280	35	�	�	PROPN
ejpam-801	280	36	2	2	NUM
ejpam-801	280	37	m	m	NOUN
ejpam-801	280	38	decay	decay	NOUN
ejpam-801	280	39	slowly	slowly	ADV
ejpam-801	280	40	and	and	CCONJ
ejpam-801	280	41	the	the	DET
ejpam-801	280	42	autocorrelations	autocorrelation	NOUN
ejpam-801	280	43	as	as	ADP
ejpam-801	280	44	a	a	DET
ejpam-801	280	45	function	function	NOUN
ejpam-801	280	46	of	of	ADP
ejpam-801	280	47	m	m	PROPN
ejpam-801	280	48	>	>	X
ejpam-801	280	49	0	0	NUM
ejpam-801	280	50	peak	peak	NOUN
ejpam-801	280	51	around	around	ADP
ejpam-801	280	52	m	m	PROPN
ejpam-801	280	53	=	=	NOUN
ejpam-801	280	54	0.5	0.5	NUM
ejpam-801	280	55	.	.	PUNCT
ejpam-801	281	1	[	[	X
ejpam-801	281	2	25	25	NUM
ejpam-801	281	3	]	]	PUNCT
ejpam-801	281	4	defined	define	VERB
ejpam-801	281	5	the	the	DET
ejpam-801	281	6	corresponding	corresponding	ADJ
ejpam-801	281	7	theoretical	theoretical	ADJ
ejpam-801	281	8	property	property	NOUN
ejpam-801	281	9	and	and	CCONJ
ejpam-801	281	10	called	call	VERB
ejpam-801	281	11	it	it	PRON
ejpam-801	281	12	the	the	DET
ejpam-801	281	13	taylor	taylor	PROPN
ejpam-801	281	14	property	property	NOUN
ejpam-801	281	15	.	.	PUNCT
ejpam-801	282	1	from	from	ADP
ejpam-801	282	2	the	the	DET
ejpam-801	282	3	results	result	NOUN
ejpam-801	282	4	in	in	ADP
ejpam-801	282	5	section	section	NOUN
ejpam-801	282	6	3	3	NUM
ejpam-801	282	7	it	it	PRON
ejpam-801	282	8	follows	follow	VERB
ejpam-801	282	9	that	that	SCONJ
ejpam-801	282	10	the	the	DET
ejpam-801	282	11	existence	existence	NOUN
ejpam-801	282	12	of	of	ADP
ejpam-801	282	13	the	the	DET
ejpam-801	282	14	taylor	taylor	PROPN
ejpam-801	282	15	property	property	NOUN
ejpam-801	282	16	in	in	ADP
ejpam-801	282	17	the	the	DET
ejpam-801	282	18	egarch(1,1	egarch(1,1	NOUN
ejpam-801	282	19	)	)	PUNCT
ejpam-801	282	20	and	and	CCONJ
ejpam-801	282	21	arsv(1	arsv(1	NOUN
ejpam-801	282	22	)	)	PUNCT
ejpam-801	282	23	models	model	NOUN
ejpam-801	282	24	can	can	AUX
ejpam-801	282	25	be	be	AUX
ejpam-801	282	26	considered	consider	VERB
ejpam-801	282	27	analytically	analytically	ADV
ejpam-801	282	28	because	because	SCONJ
ejpam-801	282	29	the	the	DET
ejpam-801	282	30	analytic	analytic	ADJ
ejpam-801	282	31	expressions	expression	NOUN
ejpam-801	282	32	for	for	ADP
ejpam-801	282	33	e	e	PROPN
ejpam-801	282	34	�	�	PROPN
ejpam-801	282	35	�	�	PROPN
ejpam-801	282	36	ǫt	ǫt	PROPN
ejpam-801	282	37	�	�	PROPN
ejpam-801	282	38	�	�	PROPN
ejpam-801	282	39	2	2	NUM
ejpam-801	282	40	m	m	NOUN
ejpam-801	282	41	exist	exist	VERB
ejpam-801	282	42	for	for	ADP
ejpam-801	282	43	any	any	DET
ejpam-801	282	44	m	m	NOUN
ejpam-801	282	45	>	>	X
ejpam-801	282	46	0	0	NUM
ejpam-801	282	47	.	.	PUNCT
ejpam-801	283	1	this	this	PRON
ejpam-801	283	2	is	be	AUX
ejpam-801	283	3	not	not	PART
ejpam-801	283	4	true	true	ADJ
ejpam-801	283	5	for	for	ADP
ejpam-801	283	6	most	most	ADJ
ejpam-801	283	7	garch	garch	NOUN
ejpam-801	283	8	models	model	NOUN
ejpam-801	283	9	,	,	PUNCT
ejpam-801	283	10	however	however	ADV
ejpam-801	283	11	,	,	PUNCT
ejpam-801	283	12	because	because	SCONJ
ejpam-801	283	13	analytic	analytic	ADJ
ejpam-801	283	14	expressions	expression	NOUN
ejpam-801	283	15	are	be	AUX
ejpam-801	283	16	available	available	ADJ
ejpam-801	283	17	only	only	ADV
ejpam-801	283	18	for	for	ADP
ejpam-801	283	19	integer	integer	NOUN
ejpam-801	283	20	moments	moment	NOUN
ejpam-801	283	21	.	.	PUNCT
ejpam-801	284	1	an	an	DET
ejpam-801	284	2	exception	exception	NOUN
ejpam-801	284	3	is	be	AUX
ejpam-801	284	4	the	the	DET
ejpam-801	284	5	power	power	NOUN
ejpam-801	284	6	-	-	PUNCT
ejpam-801	284	7	garch	garch	NOUN
ejpam-801	284	8	model	model	NOUN
ejpam-801	284	9	of	of	ADP
ejpam-801	284	10	[	[	X
ejpam-801	284	11	12	12	NUM
ejpam-801	284	12	]	]	PUNCT
ejpam-801	284	13	.	.	PUNCT
ejpam-801	285	1	for	for	ADP
ejpam-801	285	2	this	this	DET
ejpam-801	285	3	model	model	NOUN
ejpam-801	285	4	,	,	PUNCT
ejpam-801	285	5	certain	certain	ADJ
ejpam-801	285	6	non	non	ADJ
ejpam-801	285	7	-	-	ADJ
ejpam-801	285	8	integer	integer	ADJ
ejpam-801	285	9	moments	moment	NOUN
ejpam-801	285	10	have	have	VERB
ejpam-801	285	11	an	an	DET
ejpam-801	285	12	analytic	analytic	ADJ
ejpam-801	285	13	definition	definition	NOUN
ejpam-801	285	14	,	,	PUNCT
ejpam-801	285	15	but	but	CCONJ
ejpam-801	285	16	then	then	ADV
ejpam-801	285	17	,	,	PUNCT
ejpam-801	285	18	the	the	DET
ejpam-801	285	19	integer	integer	NOUN
ejpam-801	285	20	moments	moment	NOUN
ejpam-801	285	21	generally	generally	ADV
ejpam-801	285	22	do	do	VERB
ejpam-801	285	23	not	not	PART
ejpam-801	285	24	;	;	PUNCT
ejpam-801	285	25	see	see	VERB
ejpam-801	285	26	[	[	X
ejpam-801	285	27	26	26	NUM
ejpam-801	285	28	]	]	PUNCT
ejpam-801	285	29	and	and	CCONJ
ejpam-801	285	30	[	[	X
ejpam-801	285	31	29	29	NUM
ejpam-801	285	32	]	]	PUNCT
ejpam-801	285	33	.	.	PUNCT
ejpam-801	286	1	it	it	PRON
ejpam-801	286	2	is	be	AUX
ejpam-801	286	3	possible	possible	ADJ
ejpam-801	286	4	to	to	PART
ejpam-801	286	5	consider	consider	VERB
ejpam-801	286	6	a	a	DET
ejpam-801	286	7	more	more	ADV
ejpam-801	286	8	restricted	restricted	ADJ
ejpam-801	286	9	form	form	NOUN
ejpam-801	286	10	of	of	ADP
ejpam-801	286	11	definition	definition	NOUN
ejpam-801	286	12	that	that	SCONJ
ejpam-801	286	13	only	only	ADV
ejpam-801	286	14	concerns	concern	VERB
ejpam-801	286	15	the	the	DET
ejpam-801	286	16	first	first	ADJ
ejpam-801	286	17	and	and	CCONJ
ejpam-801	286	18	second	second	ADJ
ejpam-801	286	19	moment	moment	NOUN
ejpam-801	286	20	.	.	PUNCT
ejpam-801	287	1	the	the	DET
ejpam-801	287	2	model	model	NOUN
ejpam-801	287	3	is	be	AUX
ejpam-801	287	4	then	then	ADV
ejpam-801	287	5	said	say	VERB
ejpam-801	287	6	to	to	PART
ejpam-801	287	7	have	have	VERB
ejpam-801	287	8	the	the	DET
ejpam-801	287	9	taylor	taylor	PROPN
ejpam-801	287	10	property	property	NOUN
ejpam-801	287	11	if	if	SCONJ
ejpam-801	287	12	ρ	ρ	PROPN
ejpam-801	287	13	(	(	PUNCT
ejpam-801	287	14	�	�	PROPN
ejpam-801	287	15	�	�	PROPN
ejpam-801	287	16	ǫt	ǫt	PROPN
ejpam-801	287	17	�	�	PROPN
ejpam-801	287	18	�	�	PROPN
ejpam-801	287	19	,	,	PUNCT
ejpam-801	287	20	�	�	PROPN
ejpam-801	287	21	�	�	PROPN
ejpam-801	287	22	ǫt−n	ǫt−n	PROPN
ejpam-801	287	23	�	�	PROPN
ejpam-801	287	24	�	�	PROPN
ejpam-801	287	25	)	)	PUNCT
ejpam-801	287	26	>	>	X
ejpam-801	288	1	ρ	ρ	PROPN
ejpam-801	288	2	(	(	PUNCT
ejpam-801	288	3	�	�	PROPN
ejpam-801	288	4	�	�	PROPN
ejpam-801	288	5	ǫt	ǫt	PROPN
ejpam-801	288	6	�	�	PROPN
ejpam-801	288	7	�	�	PROPN
ejpam-801	288	8	2	2	NUM
ejpam-801	288	9	,	,	PUNCT
ejpam-801	288	10	�	�	PROPN
ejpam-801	288	11	�	�	PROPN
ejpam-801	288	12	ǫt−n	ǫt−n	PROPN
ejpam-801	288	13	�	�	PROPN
ejpam-801	288	14	�	�	NOUN
ejpam-801	288	15	2	2	NUM
ejpam-801	288	16	)	)	PUNCT
ejpam-801	288	17	,	,	PUNCT
ejpam-801	288	18	n¾	n¾	VERB
ejpam-801	288	19	1	1	NUM
ejpam-801	288	20	.	.	PUNCT
ejpam-801	289	1	(	(	PUNCT
ejpam-801	289	2	22	22	NUM
ejpam-801	289	3	)	)	PUNCT
ejpam-801	289	4	this	this	DET
ejpam-801	289	5	choice	choice	NOUN
ejpam-801	289	6	can	can	AUX
ejpam-801	289	7	be	be	AUX
ejpam-801	289	8	defended	defend	VERB
ejpam-801	289	9	by	by	ADP
ejpam-801	289	10	referring	refer	VERB
ejpam-801	289	11	to	to	ADP
ejpam-801	289	12	the	the	DET
ejpam-801	289	13	original	original	ADJ
ejpam-801	289	14	discussion	discussion	NOUN
ejpam-801	289	15	in	in	ADP
ejpam-801	289	16	[	[	X
ejpam-801	289	17	50	50	NUM
ejpam-801	289	18	]	]	PUNCT
ejpam-801	289	19	.	.	PUNCT
ejpam-801	290	1	the	the	DET
ejpam-801	290	2	problem	problem	NOUN
ejpam-801	290	3	is	be	AUX
ejpam-801	290	4	that	that	SCONJ
ejpam-801	290	5	for	for	ADP
ejpam-801	290	6	the	the	DET
ejpam-801	290	7	standard	standard	ADJ
ejpam-801	290	8	garch	garch	NOUN
ejpam-801	290	9	model	model	NOUN
ejpam-801	290	10	,	,	PUNCT
ejpam-801	290	11	an	an	DET
ejpam-801	290	12	analytic	analytic	ADJ
ejpam-801	290	13	definition	definition	NOUN
ejpam-801	290	14	of	of	ADP
ejpam-801	290	15	e	e	PROPN
ejpam-801	290	16	�	�	PROPN
ejpam-801	290	17	�	�	PROPN
ejpam-801	290	18	ǫt	ǫt	PROPN
ejpam-801	290	19	�	�	PROPN
ejpam-801	290	20	�	�	PROPN
ejpam-801	290	21	as	as	ADP
ejpam-801	290	22	a	a	DET
ejpam-801	290	23	function	function	NOUN
ejpam-801	290	24	of	of	ADP
ejpam-801	290	25	the	the	DET
ejpam-801	290	26	parameters	parameter	NOUN
ejpam-801	290	27	is	be	AUX
ejpam-801	290	28	not	not	PART
ejpam-801	290	29	available	available	ADJ
ejpam-801	290	30	.	.	PUNCT
ejpam-801	291	1	on	on	ADP
ejpam-801	291	2	the	the	DET
ejpam-801	291	3	other	other	ADJ
ejpam-801	291	4	hand	hand	NOUN
ejpam-801	291	5	,	,	PUNCT
ejpam-801	291	6	it	it	PRON
ejpam-801	291	7	exists	exist	VERB
ejpam-801	291	8	for	for	ADP
ejpam-801	291	9	the	the	DET
ejpam-801	291	10	avgarch(1,1	avgarch(1,1	NOUN
ejpam-801	291	11	)	)	PUNCT
ejpam-801	291	12	model	model	NOUN
ejpam-801	291	13	defined	define	VERB
ejpam-801	291	14	by	by	ADP
ejpam-801	291	15	[	[	X
ejpam-801	291	16	50	50	NUM
ejpam-801	291	17	]	]	PUNCT
ejpam-801	291	18	and	and	CCONJ
ejpam-801	291	19	[	[	X
ejpam-801	291	20	46	46	NUM
ejpam-801	291	21	]	]	PUNCT
ejpam-801	291	22	.	.	PUNCT
ejpam-801	292	1	this	this	PRON
ejpam-801	292	2	prompted	prompt	VERB
ejpam-801	292	3	[	[	X
ejpam-801	292	4	25	25	NUM
ejpam-801	292	5	]	]	PUNCT
ejpam-801	292	6	to	to	PART
ejpam-801	292	7	discuss	discuss	VERB
ejpam-801	292	8	the	the	DET
ejpam-801	292	9	existence	existence	NOUN
ejpam-801	292	10	of	of	ADP
ejpam-801	292	11	the	the	DET
ejpam-801	292	12	taylor	taylor	PROPN
ejpam-801	292	13	property	property	NOUN
ejpam-801	292	14	in	in	ADP
ejpam-801	292	15	the	the	DET
ejpam-801	292	16	avgarch(1,1	avgarch(1,1	NOUN
ejpam-801	292	17	)	)	PUNCT
ejpam-801	292	18	model	model	NOUN
ejpam-801	292	19	.	.	PUNCT
ejpam-801	293	1	their	their	PRON
ejpam-801	293	2	conclusion	conclusion	NOUN
ejpam-801	293	3	,	,	PUNCT
ejpam-801	293	4	based	base	VERB
ejpam-801	293	5	on	on	ADP
ejpam-801	293	6	considerations	consideration	NOUN
ejpam-801	293	7	with	with	ADP
ejpam-801	293	8	n=	n=	ADJ
ejpam-801	293	9	1	1	NUM
ejpam-801	293	10	in	in	ADP
ejpam-801	293	11	(	(	PUNCT
ejpam-801	293	12	22	22	NUM
ejpam-801	293	13	)	)	PUNCT
ejpam-801	293	14	,	,	PUNCT
ejpam-801	293	15	was	be	AUX
ejpam-801	293	16	that	that	SCONJ
ejpam-801	293	17	h.	h.	PROPN
ejpam-801	293	18	malmsten	malmsten	PROPN
ejpam-801	293	19	and	and	CCONJ
ejpam-801	293	20	t.	t.	PROPN
ejpam-801	293	21	teräsvirta	teräsvirta	PROPN
ejpam-801	293	22	/	/	SYM
ejpam-801	293	23	eur	eur	PROPN
ejpam-801	293	24	.	.	PUNCT
ejpam-801	294	1	j.	j.	PROPN
ejpam-801	294	2	pure	pure	PROPN
ejpam-801	294	3	appl	appl	PROPN
ejpam-801	294	4	.	.	PROPN
ejpam-801	294	5	math	math	PROPN
ejpam-801	294	6	,	,	PUNCT
ejpam-801	294	7	3	3	NUM
ejpam-801	294	8	(	(	PUNCT
ejpam-801	294	9	2010	2010	NUM
ejpam-801	294	10	)	)	PUNCT
ejpam-801	294	11	,	,	PUNCT
ejpam-801	294	12	443	443	NUM
ejpam-801	294	13	-	-	SYM
ejpam-801	294	14	477	477	NUM
ejpam-801	294	15	454	454	NUM
ejpam-801	294	16	the	the	DET
ejpam-801	294	17	avgarch	avgarch	NOUN
ejpam-801	294	18	model	model	NOUN
ejpam-801	294	19	possesses	possess	VERB
ejpam-801	294	20	the	the	DET
ejpam-801	294	21	taylor	taylor	PROPN
ejpam-801	294	22	property	property	NOUN
ejpam-801	294	23	if	if	SCONJ
ejpam-801	294	24	the	the	DET
ejpam-801	294	25	kurtosis	kurtosis	NOUN
ejpam-801	294	26	of	of	ADP
ejpam-801	294	27	the	the	DET
ejpam-801	294	28	model	model	NOUN
ejpam-801	294	29	is	be	AUX
ejpam-801	294	30	sufficiently	sufficiently	ADV
ejpam-801	294	31	large	large	ADJ
ejpam-801	294	32	.	.	PUNCT
ejpam-801	295	1	however	however	ADV
ejpam-801	295	2	,	,	PUNCT
ejpam-801	295	3	the	the	DET
ejpam-801	295	4	difference	difference	NOUN
ejpam-801	295	5	between	between	ADP
ejpam-801	295	6	the	the	DET
ejpam-801	295	7	autocorrelations	autocorrelation	NOUN
ejpam-801	295	8	of	of	ADP
ejpam-801	295	9	�	�	PROPN
ejpam-801	295	10	�	�	PROPN
ejpam-801	295	11	ǫt	ǫt	PROPN
ejpam-801	295	12	�	�	PROPN
ejpam-801	295	13	�	�	PROPN
ejpam-801	295	14	and	and	CCONJ
ejpam-801	295	15	ǫ2	ǫ2	PROPN
ejpam-801	295	16	t	t	PROPN
ejpam-801	295	17	remains	remain	VERB
ejpam-801	295	18	very	very	ADV
ejpam-801	295	19	small	small	ADJ
ejpam-801	295	20	even	even	ADV
ejpam-801	295	21	when	when	SCONJ
ejpam-801	295	22	the	the	DET
ejpam-801	295	23	kurtosis	kurtosis	NOUN
ejpam-801	295	24	is	be	AUX
ejpam-801	295	25	very	very	ADV
ejpam-801	295	26	large	large	ADJ
ejpam-801	295	27	.	.	PUNCT
ejpam-801	296	1	these	these	DET
ejpam-801	296	2	authors	author	NOUN
ejpam-801	296	3	also	also	ADV
ejpam-801	296	4	investigated	investigate	VERB
ejpam-801	296	5	the	the	DET
ejpam-801	296	6	existence	existence	NOUN
ejpam-801	296	7	of	of	ADP
ejpam-801	296	8	the	the	DET
ejpam-801	296	9	taylor	taylor	PROPN
ejpam-801	296	10	property	property	NOUN
ejpam-801	296	11	in	in	ADP
ejpam-801	296	12	the	the	DET
ejpam-801	296	13	standard	standard	ADJ
ejpam-801	296	14	garch(1,1	garch(1,1	NOUN
ejpam-801	296	15	)	)	PUNCT
ejpam-801	296	16	model	model	NOUN
ejpam-801	296	17	by	by	ADP
ejpam-801	296	18	simulation	simulation	NOUN
ejpam-801	296	19	,	,	PUNCT
ejpam-801	296	20	and	and	CCONJ
ejpam-801	296	21	their	their	PRON
ejpam-801	296	22	results	result	NOUN
ejpam-801	296	23	suggested	suggest	VERB
ejpam-801	296	24	that	that	SCONJ
ejpam-801	296	25	this	this	DET
ejpam-801	296	26	model	model	NOUN
ejpam-801	296	27	does	do	AUX
ejpam-801	296	28	not	not	PART
ejpam-801	296	29	have	have	VERB
ejpam-801	296	30	the	the	DET
ejpam-801	296	31	taylor	taylor	PROPN
ejpam-801	296	32	property	property	NOUN
ejpam-801	296	33	.	.	PUNCT
ejpam-801	297	1	of	of	ADP
ejpam-801	297	2	course	course	NOUN
ejpam-801	297	3	,	,	PUNCT
ejpam-801	297	4	due	due	ADP
ejpam-801	297	5	to	to	ADP
ejpam-801	297	6	sample	sample	NOUN
ejpam-801	297	7	uncertainty	uncertainty	NOUN
ejpam-801	297	8	,	,	PUNCT
ejpam-801	297	9	the	the	DET
ejpam-801	297	10	garch	garch	NOUN
ejpam-801	297	11	model	model	NOUN
ejpam-801	297	12	can	can	AUX
ejpam-801	297	13	still	still	ADV
ejpam-801	297	14	generate	generate	VERB
ejpam-801	297	15	realizations	realization	NOUN
ejpam-801	297	16	displaying	display	VERB
ejpam-801	297	17	the	the	DET
ejpam-801	297	18	taylor	taylor	PROPN
ejpam-801	297	19	effect	effect	NOUN
ejpam-801	297	20	,	,	PUNCT
ejpam-801	297	21	at	at	ADP
ejpam-801	297	22	least	least	ADJ
ejpam-801	297	23	when	when	SCONJ
ejpam-801	297	24	the	the	DET
ejpam-801	297	25	number	number	NOUN
ejpam-801	297	26	of	of	ADP
ejpam-801	297	27	observations	observation	NOUN
ejpam-801	297	28	is	be	AUX
ejpam-801	297	29	relatively	relatively	ADV
ejpam-801	297	30	small	small	ADJ
ejpam-801	297	31	.	.	PUNCT
ejpam-801	298	1	this	this	PRON
ejpam-801	298	2	would	would	AUX
ejpam-801	298	3	not	not	PART
ejpam-801	298	4	,	,	PUNCT
ejpam-801	298	5	however	however	ADV
ejpam-801	298	6	,	,	PUNCT
ejpam-801	298	7	happen	happen	VERB
ejpam-801	298	8	at	at	ADP
ejpam-801	298	9	the	the	DET
ejpam-801	298	10	frequency	frequency	NOUN
ejpam-801	298	11	with	with	ADP
ejpam-801	298	12	which	which	PRON
ejpam-801	298	13	the	the	DET
ejpam-801	298	14	taylor	taylor	PROPN
ejpam-801	298	15	effect	effect	NOUN
ejpam-801	298	16	is	be	AUX
ejpam-801	298	17	found	find	VERB
ejpam-801	298	18	in	in	ADP
ejpam-801	298	19	financial	financial	ADJ
ejpam-801	298	20	series	series	NOUN
ejpam-801	298	21	;	;	PUNCT
ejpam-801	298	22	see	see	VERB
ejpam-801	298	23	[	[	X
ejpam-801	298	24	20	20	NUM
ejpam-801	298	25	]	]	PUNCT
ejpam-801	298	26	.	.	PUNCT
ejpam-801	299	1	5.2	5.2	NUM
ejpam-801	299	2	.	.	PUNCT
ejpam-801	299	3	egarch(1,1	egarch(1,1	NOUN
ejpam-801	299	4	)	)	PUNCT
ejpam-801	299	5	model	model	NOUN
ejpam-801	299	6	we	we	PRON
ejpam-801	299	7	extend	extend	VERB
ejpam-801	299	8	the	the	DET
ejpam-801	299	9	considerations	consideration	NOUN
ejpam-801	299	10	in	in	ADP
ejpam-801	299	11	[	[	X
ejpam-801	299	12	25	25	NUM
ejpam-801	299	13	]	]	PUNCT
ejpam-801	299	14	to	to	ADP
ejpam-801	299	15	the	the	DET
ejpam-801	299	16	egarch(1,1	egarch(1,1	NOUN
ejpam-801	299	17	)	)	PUNCT
ejpam-801	299	18	and	and	CCONJ
ejpam-801	299	19	arsv(1	arsv(1	NOUN
ejpam-801	299	20	)	)	PUNCT
ejpam-801	299	21	model	model	NOUN
ejpam-801	299	22	.	.	PUNCT
ejpam-801	300	1	for	for	ADP
ejpam-801	300	2	these	these	DET
ejpam-801	300	3	models	model	NOUN
ejpam-801	300	4	,	,	PUNCT
ejpam-801	300	5	the	the	DET
ejpam-801	300	6	situation	situation	NOUN
ejpam-801	300	7	is	be	AUX
ejpam-801	300	8	different	different	ADJ
ejpam-801	300	9	.	.	PUNCT
ejpam-801	301	1	the	the	DET
ejpam-801	301	2	results	result	NOUN
ejpam-801	301	3	of	of	ADP
ejpam-801	301	4	section	section	NOUN
ejpam-801	301	5	3	3	NUM
ejpam-801	301	6	allow	allow	VERB
ejpam-801	301	7	us	we	PRON
ejpam-801	301	8	to	to	PART
ejpam-801	301	9	say	say	VERB
ejpam-801	301	10	something	something	PRON
ejpam-801	301	11	about	about	ADP
ejpam-801	301	12	the	the	DET
ejpam-801	301	13	capability	capability	NOUN
ejpam-801	301	14	of	of	ADP
ejpam-801	301	15	the	the	DET
ejpam-801	301	16	egarch(1,1	egarch(1,1	NOUN
ejpam-801	301	17	)	)	PUNCT
ejpam-801	301	18	model	model	NOUN
ejpam-801	301	19	to	to	PART
ejpam-801	301	20	generate	generate	VERB
ejpam-801	301	21	series	series	NOUN
ejpam-801	301	22	with	with	ADP
ejpam-801	301	23	the	the	DET
ejpam-801	301	24	taylor	taylor	PROPN
ejpam-801	301	25	property	property	NOUN
ejpam-801	301	26	.	.	PUNCT
ejpam-801	302	1	figure	figure	NOUN
ejpam-801	302	2	9	9	NUM
ejpam-801	302	3	contains	contain	VERB
ejpam-801	302	4	a	a	DET
ejpam-801	302	5	description	description	NOUN
ejpam-801	302	6	of	of	ADP
ejpam-801	302	7	the	the	DET
ejpam-801	302	8	relationship	relationship	NOUN
ejpam-801	302	9	between	between	ADP
ejpam-801	302	10	κ4	κ4	NOUN
ejpam-801	302	11	and	and	CCONJ
ejpam-801	302	12	the	the	DET
ejpam-801	302	13	two	two	NUM
ejpam-801	302	14	first	first	ADJ
ejpam-801	302	15	-	-	PUNCT
ejpam-801	302	16	order	order	NOUN
ejpam-801	302	17	autocorrelations	autocorrelation	NOUN
ejpam-801	302	18	ρ1(m	ρ1(m	NUM
ejpam-801	302	19	)	)	PUNCT
ejpam-801	302	20	,	,	PUNCT
ejpam-801	302	21	m=	m=	X
ejpam-801	302	22	1,0.5	1,0.5	NUM
ejpam-801	302	23	,	,	PUNCT
ejpam-801	302	24	for	for	ADP
ejpam-801	302	25	β	β	X
ejpam-801	302	26	=	=	SYM
ejpam-801	302	27	0.95	0.95	NUM
ejpam-801	302	28	and	and	CCONJ
ejpam-801	302	29	β	β	X
ejpam-801	302	30	=	=	NOUN
ejpam-801	302	31	0.99	0.99	NUM
ejpam-801	302	32	.	.	PUNCT
ejpam-801	303	1	it	it	PRON
ejpam-801	303	2	is	be	AUX
ejpam-801	303	3	seen	see	VERB
ejpam-801	303	4	that	that	SCONJ
ejpam-801	303	5	the	the	DET
ejpam-801	303	6	taylor	taylor	PROPN
ejpam-801	303	7	property	property	NOUN
ejpam-801	303	8	is	be	AUX
ejpam-801	303	9	present	present	ADJ
ejpam-801	303	10	at	at	ADP
ejpam-801	303	11	high	high	ADJ
ejpam-801	303	12	values	value	NOUN
ejpam-801	303	13	of	of	ADP
ejpam-801	303	14	the	the	DET
ejpam-801	303	15	kurtosis	kurtosis	NOUN
ejpam-801	303	16	.	.	PUNCT
ejpam-801	304	1	the	the	DET
ejpam-801	304	2	values	value	NOUN
ejpam-801	304	3	of	of	ADP
ejpam-801	304	4	the	the	DET
ejpam-801	304	5	kurtosis	kurtosis	NOUN
ejpam-801	304	6	for	for	ADP
ejpam-801	304	7	which	which	PRON
ejpam-801	304	8	the	the	DET
ejpam-801	304	9	taylor	taylor	PROPN
ejpam-801	304	10	property	property	NOUN
ejpam-801	304	11	is	be	AUX
ejpam-801	304	12	present	present	ADJ
ejpam-801	304	13	decrease	decrease	NOUN
ejpam-801	304	14	as	as	ADP
ejpam-801	304	15	a	a	DET
ejpam-801	304	16	function	function	NOUN
ejpam-801	304	17	of	of	ADP
ejpam-801	304	18	β	β	PRON
ejpam-801	304	19	.	.	PUNCT
ejpam-801	305	1	the	the	DET
ejpam-801	305	2	difference	difference	NOUN
ejpam-801	305	3	between	between	ADP
ejpam-801	305	4	the	the	DET
ejpam-801	305	5	two	two	NUM
ejpam-801	305	6	first	first	ADJ
ejpam-801	305	7	-	-	PUNCT
ejpam-801	305	8	order	order	NOUN
ejpam-801	305	9	autocorrelations	autocorrelation	NOUN
ejpam-801	305	10	is	be	AUX
ejpam-801	305	11	substantially	substantially	ADV
ejpam-801	305	12	greater	great	ADJ
ejpam-801	305	13	than	than	ADP
ejpam-801	305	14	in	in	ADP
ejpam-801	305	15	the	the	DET
ejpam-801	305	16	avgarch(1,1	avgarch(1,1	NOUN
ejpam-801	305	17	)	)	PUNCT
ejpam-801	305	18	model	model	NOUN
ejpam-801	305	19	.	.	PUNCT
ejpam-801	306	1	as	as	SCONJ
ejpam-801	306	2	analytical	analytical	ADJ
ejpam-801	306	3	expressions	expression	NOUN
ejpam-801	306	4	for	for	ADP
ejpam-801	306	5	non	non	ADJ
ejpam-801	306	6	-	-	ADJ
ejpam-801	306	7	integer	integer	ADJ
ejpam-801	306	8	moments	moment	NOUN
ejpam-801	306	9	of	of	ADP
ejpam-801	306	10	e	e	PROPN
ejpam-801	306	11	�	�	PROPN
ejpam-801	306	12	�	�	PROPN
ejpam-801	306	13	ǫt	ǫt	PROPN
ejpam-801	306	14	�	�	PROPN
ejpam-801	306	15	�	�	PROPN
ejpam-801	306	16	2	2	NUM
ejpam-801	306	17	m	m	NOUN
ejpam-801	306	18	,	,	PUNCT
ejpam-801	306	19	m	m	VERB
ejpam-801	306	20	>	>	X
ejpam-801	306	21	0	0	NUM
ejpam-801	306	22	,	,	PUNCT
ejpam-801	306	23	exist	exist	VERB
ejpam-801	306	24	for	for	ADP
ejpam-801	306	25	the	the	DET
ejpam-801	306	26	egarch	egarch	NOUN
ejpam-801	306	27	model	model	NOUN
ejpam-801	306	28	,	,	PUNCT
ejpam-801	306	29	we	we	PRON
ejpam-801	306	30	can	can	AUX
ejpam-801	306	31	extend	extend	VERB
ejpam-801	306	32	our	our	PRON
ejpam-801	306	33	considerations	consideration	NOUN
ejpam-801	306	34	by	by	ADP
ejpam-801	306	35	use	use	NOUN
ejpam-801	306	36	of	of	ADP
ejpam-801	306	37	them	they	PRON
ejpam-801	306	38	.	.	PUNCT
ejpam-801	307	1	figure	figure	VERB
ejpam-801	307	2	10	10	NUM
ejpam-801	307	3	contains	contain	VERB
ejpam-801	307	4	graphs	graph	NOUN
ejpam-801	307	5	showing	show	VERB
ejpam-801	307	6	the	the	DET
ejpam-801	307	7	first	first	ADJ
ejpam-801	307	8	-	-	PUNCT
ejpam-801	307	9	order	order	NOUN
ejpam-801	307	10	autocorrelation	autocorrelation	NOUN
ejpam-801	307	11	as	as	ADP
ejpam-801	307	12	a	a	DET
ejpam-801	307	13	function	function	NOUN
ejpam-801	307	14	of	of	ADP
ejpam-801	307	15	the	the	DET
ejpam-801	307	16	exponent	exponent	NOUN
ejpam-801	307	17	m	m	PROPN
ejpam-801	307	18	for	for	ADP
ejpam-801	307	19	β	β	X
ejpam-801	307	20	=	=	SYM
ejpam-801	307	21	0.95	0.95	NUM
ejpam-801	307	22	and	and	CCONJ
ejpam-801	307	23	β	β	X
ejpam-801	307	24	=	=	NOUN
ejpam-801	307	25	0.99	0.99	NUM
ejpam-801	307	26	at	at	ADP
ejpam-801	307	27	three	three	NUM
ejpam-801	307	28	different	different	ADJ
ejpam-801	307	29	kurtosis	kurtosis	NOUN
ejpam-801	307	30	values	value	NOUN
ejpam-801	307	31	.	.	PUNCT
ejpam-801	308	1	it	it	PRON
ejpam-801	308	2	turns	turn	VERB
ejpam-801	308	3	out	out	ADP
ejpam-801	308	4	that	that	SCONJ
ejpam-801	308	5	for	for	ADP
ejpam-801	308	6	the	the	DET
ejpam-801	308	7	symmetric	symmetric	ADJ
ejpam-801	308	8	egarch	egarch	NOUN
ejpam-801	308	9	process	process	NOUN
ejpam-801	308	10	,	,	PUNCT
ejpam-801	308	11	with	with	ADP
ejpam-801	308	12	kurtosis	kurtosis	NOUN
ejpam-801	308	13	of	of	ADP
ejpam-801	308	14	the	the	DET
ejpam-801	308	15	magnitude	magnitude	NOUN
ejpam-801	308	16	found	find	VERB
ejpam-801	308	17	in	in	ADP
ejpam-801	308	18	financial	financial	ADJ
ejpam-801	308	19	time	time	NOUN
ejpam-801	308	20	series	series	PROPN
ejpam-801	308	21	,	,	PUNCT
ejpam-801	308	22	the	the	DET
ejpam-801	308	23	maximum	maximum	NOUN
ejpam-801	308	24	appears	appear	VERB
ejpam-801	308	25	to	to	PART
ejpam-801	308	26	be	be	AUX
ejpam-801	308	27	attained	attain	VERB
ejpam-801	308	28	for	for	ADP
ejpam-801	308	29	m	m	NOUN
ejpam-801	308	30	around	around	ADP
ejpam-801	308	31	0.5	0.5	NUM
ejpam-801	308	32	.	.	PUNCT
ejpam-801	309	1	the	the	DET
ejpam-801	309	2	conclusion	conclusion	NOUN
ejpam-801	309	3	is	be	AUX
ejpam-801	309	4	that	that	SCONJ
ejpam-801	309	5	the	the	DET
ejpam-801	309	6	taylor	taylor	PROPN
ejpam-801	309	7	property	property	NOUN
ejpam-801	309	8	is	be	AUX
ejpam-801	309	9	satisfied	satisfied	ADJ
ejpam-801	309	10	for	for	ADP
ejpam-801	309	11	an	an	DET
ejpam-801	309	12	empirically	empirically	ADV
ejpam-801	309	13	relevant	relevant	ADJ
ejpam-801	309	14	subset	subset	NOUN
ejpam-801	309	15	of	of	ADP
ejpam-801	309	16	egarch(1,1	egarch(1,1	NOUN
ejpam-801	309	17	)	)	PUNCT
ejpam-801	309	18	models	model	NOUN
ejpam-801	309	19	.	.	PUNCT
ejpam-801	310	1	5.3	5.3	NUM
ejpam-801	310	2	.	.	X
ejpam-801	310	3	arsv(1	arsv(1	NOUN
ejpam-801	310	4	)	)	PUNCT
ejpam-801	310	5	model	model	NOUN
ejpam-801	310	6	in	in	ADP
ejpam-801	310	7	order	order	NOUN
ejpam-801	310	8	to	to	PART
ejpam-801	310	9	complete	complete	VERB
ejpam-801	310	10	our	our	PRON
ejpam-801	310	11	discussion	discussion	NOUN
ejpam-801	310	12	about	about	ADP
ejpam-801	310	13	taylor	taylor	NOUN
ejpam-801	310	14	effect	effect	NOUN
ejpam-801	310	15	we	we	PRON
ejpam-801	310	16	consider	consider	VERB
ejpam-801	310	17	the	the	DET
ejpam-801	310	18	first	first	ADJ
ejpam-801	310	19	-	-	PUNCT
ejpam-801	310	20	order	order	NOUN
ejpam-801	310	21	arsv	arsv	PROPN
ejpam-801	310	22	model	model	NOUN
ejpam-801	310	23	.	.	PUNCT
ejpam-801	311	1	figure	figure	VERB
ejpam-801	311	2	11	11	NUM
ejpam-801	311	3	illustrates	illustrate	VERB
ejpam-801	311	4	the	the	DET
ejpam-801	311	5	relationship	relationship	NOUN
ejpam-801	311	6	between	between	ADP
ejpam-801	311	7	κ4	κ4	NOUN
ejpam-801	311	8	and	and	CCONJ
ejpam-801	311	9	the	the	DET
ejpam-801	311	10	two	two	NUM
ejpam-801	311	11	first	first	ADJ
ejpam-801	311	12	-	-	PUNCT
ejpam-801	311	13	order	order	NOUN
ejpam-801	311	14	autocorrelations	autocorrelation	NOUN
ejpam-801	311	15	ρ1(m	ρ1(m	NUM
ejpam-801	311	16	)	)	PUNCT
ejpam-801	311	17	,	,	PUNCT
ejpam-801	311	18	m	m	VERB
ejpam-801	311	19	=	=	SYM
ejpam-801	311	20	1,0.5	1,0.5	NUM
ejpam-801	311	21	,	,	PUNCT
ejpam-801	311	22	for	for	ADP
ejpam-801	311	23	β	β	X
ejpam-801	311	24	=	=	SYM
ejpam-801	311	25	0.95	0.95	NUM
ejpam-801	311	26	and	and	CCONJ
ejpam-801	311	27	β	β	X
ejpam-801	311	28	=	=	NOUN
ejpam-801	311	29	0.99	0.99	NUM
ejpam-801	311	30	.	.	PUNCT
ejpam-801	312	1	it	it	PRON
ejpam-801	312	2	is	be	AUX
ejpam-801	312	3	seen	see	VERB
ejpam-801	312	4	that	that	SCONJ
ejpam-801	312	5	the	the	DET
ejpam-801	312	6	taylor	taylor	PROPN
ejpam-801	312	7	property	property	NOUN
ejpam-801	312	8	is	be	AUX
ejpam-801	312	9	present	present	ADJ
ejpam-801	312	10	already	already	ADV
ejpam-801	312	11	at	at	ADP
ejpam-801	312	12	low	low	ADJ
ejpam-801	312	13	values	value	NOUN
ejpam-801	312	14	of	of	ADP
ejpam-801	312	15	the	the	DET
ejpam-801	312	16	kurtosis	kurtosis	NOUN
ejpam-801	312	17	.	.	PUNCT
ejpam-801	313	1	analogously	analogously	ADV
ejpam-801	313	2	to	to	ADP
ejpam-801	313	3	the	the	DET
ejpam-801	313	4	preceding	precede	VERB
ejpam-801	313	5	subsection	subsection	NOUN
ejpam-801	313	6	,	,	PUNCT
ejpam-801	313	7	figure	figure	NOUN
ejpam-801	313	8	12	12	NUM
ejpam-801	313	9	contains	contain	VERB
ejpam-801	313	10	a	a	DET
ejpam-801	313	11	graph	graph	NOUN
ejpam-801	313	12	showing	show	VERB
ejpam-801	313	13	the	the	DET
ejpam-801	313	14	firstorder	firstorder	NOUN
ejpam-801	313	15	autocorrelation	autocorrelation	NOUN
ejpam-801	313	16	as	as	ADP
ejpam-801	313	17	a	a	DET
ejpam-801	313	18	function	function	NOUN
ejpam-801	313	19	of	of	ADP
ejpam-801	313	20	m	m	PROPN
ejpam-801	313	21	for	for	ADP
ejpam-801	313	22	β	β	X
ejpam-801	313	23	=	=	SYM
ejpam-801	313	24	0.95	0.95	NUM
ejpam-801	313	25	and	and	CCONJ
ejpam-801	313	26	β	β	X
ejpam-801	313	27	=	=	SYM
ejpam-801	313	28	0.99	0.99	NUM
ejpam-801	313	29	and	and	CCONJ
ejpam-801	313	30	the	the	DET
ejpam-801	313	31	three	three	NUM
ejpam-801	313	32	different	different	ADJ
ejpam-801	313	33	kurtosis	kurtosis	NOUN
ejpam-801	313	34	values	value	NOUN
ejpam-801	313	35	.	.	PUNCT
ejpam-801	314	1	there	there	PRON
ejpam-801	314	2	is	be	VERB
ejpam-801	314	3	a	a	DET
ejpam-801	314	4	difference	difference	NOUN
ejpam-801	314	5	between	between	ADP
ejpam-801	314	6	the	the	DET
ejpam-801	314	7	egarch(1,1	egarch(1,1	NOUN
ejpam-801	314	8	)	)	PUNCT
ejpam-801	314	9	model	model	NOUN
ejpam-801	314	10	and	and	CCONJ
ejpam-801	314	11	the	the	DET
ejpam-801	314	12	arsv(1	arsv(1	NOUN
ejpam-801	314	13	)	)	PUNCT
ejpam-801	314	14	model	model	NOUN
ejpam-801	314	15	regarding	regard	VERB
ejpam-801	314	16	the	the	DET
ejpam-801	314	17	peak	peak	NOUN
ejpam-801	314	18	value	value	NOUN
ejpam-801	314	19	of	of	ADP
ejpam-801	314	20	ρ1(m	ρ1(m	PROPN
ejpam-801	314	21	)	)	PUNCT
ejpam-801	314	22	when	when	SCONJ
ejpam-801	314	23	the	the	DET
ejpam-801	314	24	persistence	persistence	NOUN
ejpam-801	314	25	parameter	parameter	NOUN
ejpam-801	314	26	changes	change	NOUN
ejpam-801	314	27	.	.	PUNCT
ejpam-801	315	1	in	in	ADP
ejpam-801	315	2	the	the	DET
ejpam-801	315	3	egarch(1,1	egarch(1,1	NOUN
ejpam-801	315	4	)	)	PUNCT
ejpam-801	315	5	model	model	NOUN
ejpam-801	315	6	,	,	PUNCT
ejpam-801	315	7	the	the	DET
ejpam-801	315	8	peak	peak	NOUN
ejpam-801	315	9	of	of	ADP
ejpam-801	315	10	the	the	DET
ejpam-801	315	11	autocorrelation	autocorrelation	NOUN
ejpam-801	315	12	moves	move	VERB
ejpam-801	315	13	to	to	PART
ejpam-801	315	14	left	left	VERB
ejpam-801	315	15	with	with	ADP
ejpam-801	315	16	higher	high	ADJ
ejpam-801	315	17	β1	β1	PROPN
ejpam-801	315	18	.	.	PUNCT
ejpam-801	316	1	in	in	ADP
ejpam-801	316	2	the	the	DET
ejpam-801	316	3	arsv(1	arsv(1	NOUN
ejpam-801	316	4	)	)	PUNCT
ejpam-801	316	5	model	model	NOUN
ejpam-801	316	6	,	,	PUNCT
ejpam-801	316	7	increasing	increase	VERB
ejpam-801	316	8	the	the	DET
ejpam-801	316	9	value	value	NOUN
ejpam-801	316	10	of	of	ADP
ejpam-801	316	11	the	the	DET
ejpam-801	316	12	corresponding	corresponding	ADJ
ejpam-801	316	13	parameter	parameter	NOUN
ejpam-801	316	14	β	β	PROPN
ejpam-801	316	15	shifts	shift	NOUN
ejpam-801	316	16	the	the	DET
ejpam-801	316	17	peak	peak	NOUN
ejpam-801	316	18	of	of	ADP
ejpam-801	316	19	the	the	DET
ejpam-801	316	20	autocorrelation	autocorrelation	NOUN
ejpam-801	316	21	to	to	ADP
ejpam-801	316	22	the	the	DET
ejpam-801	316	23	right	right	NOUN
ejpam-801	316	24	.	.	PUNCT
ejpam-801	317	1	this	this	DET
ejpam-801	317	2	feature	feature	NOUN
ejpam-801	317	3	demonstrates	demonstrate	VERB
ejpam-801	317	4	the	the	DET
ejpam-801	317	5	difference	difference	NOUN
ejpam-801	317	6	in	in	ADP
ejpam-801	317	7	the	the	DET
ejpam-801	317	8	relationship	relationship	NOUN
ejpam-801	317	9	between	between	ADP
ejpam-801	317	10	the	the	DET
ejpam-801	317	11	persistence	persistence	NOUN
ejpam-801	317	12	and	and	CCONJ
ejpam-801	317	13	the	the	DET
ejpam-801	317	14	first	first	ADJ
ejpam-801	317	15	-	-	PUNCT
ejpam-801	317	16	order	order	NOUN
ejpam-801	317	17	autocorrelation	autocorrelation	NOUN
ejpam-801	317	18	in	in	ADP
ejpam-801	317	19	these	these	DET
ejpam-801	317	20	two	two	NUM
ejpam-801	317	21	models	model	NOUN
ejpam-801	317	22	.	.	PUNCT
ejpam-801	318	1	nevertheless	nevertheless	ADV
ejpam-801	318	2	,	,	PUNCT
ejpam-801	318	3	the	the	DET
ejpam-801	318	4	general	general	ADJ
ejpam-801	318	5	conclusion	conclusion	NOUN
ejpam-801	318	6	even	even	ADV
ejpam-801	318	7	here	here	ADV
ejpam-801	318	8	is	be	AUX
ejpam-801	318	9	that	that	PRON
ejpam-801	318	10	for	for	ADP
ejpam-801	318	11	the	the	DET
ejpam-801	318	12	arsv(1	arsv(1	NOUN
ejpam-801	318	13	)	)	PUNCT
ejpam-801	318	14	model	model	NOUN
ejpam-801	318	15	,	,	PUNCT
ejpam-801	318	16	there	there	PRON
ejpam-801	318	17	exists	exist	VERB
ejpam-801	318	18	an	an	DET
ejpam-801	318	19	empirically	empirically	ADV
ejpam-801	318	20	relevant	relevant	ADJ
ejpam-801	318	21	subset	subset	NOUN
ejpam-801	318	22	of	of	ADP
ejpam-801	318	23	these	these	DET
ejpam-801	318	24	models	model	NOUN
ejpam-801	318	25	such	such	ADJ
ejpam-801	318	26	that	that	SCONJ
ejpam-801	318	27	the	the	DET
ejpam-801	318	28	definition	definition	NOUN
ejpam-801	318	29	of	of	ADP
ejpam-801	318	30	the	the	DET
ejpam-801	318	31	taylor	taylor	PROPN
ejpam-801	318	32	property	property	NOUN
ejpam-801	318	33	is	be	AUX
ejpam-801	318	34	satisfied	satisfied	ADJ
ejpam-801	318	35	.	.	PUNCT
ejpam-801	319	1	h.	h.	PROPN
ejpam-801	319	2	malmsten	malmsten	PROPN
ejpam-801	319	3	and	and	CCONJ
ejpam-801	319	4	t.	t.	PROPN
ejpam-801	319	5	teräsvirta	teräsvirta	PROPN
ejpam-801	319	6	/	/	SYM
ejpam-801	319	7	eur	eur	PROPN
ejpam-801	319	8	.	.	PUNCT
ejpam-801	320	1	j.	j.	PROPN
ejpam-801	320	2	pure	pure	PROPN
ejpam-801	320	3	appl	appl	PROPN
ejpam-801	320	4	.	.	PROPN
ejpam-801	320	5	math	math	PROPN
ejpam-801	320	6	,	,	PUNCT
ejpam-801	320	7	3	3	NUM
ejpam-801	320	8	(	(	PUNCT
ejpam-801	320	9	2010	2010	NUM
ejpam-801	320	10	)	)	PUNCT
ejpam-801	320	11	,	,	PUNCT
ejpam-801	320	12	443	443	NUM
ejpam-801	320	13	-	-	SYM
ejpam-801	320	14	477	477	NUM
ejpam-801	320	15	455	455	NUM
ejpam-801	320	16	thus	thus	ADV
ejpam-801	320	17	both	both	CCONJ
ejpam-801	320	18	the	the	DET
ejpam-801	320	19	arsv(1	arsv(1	NOUN
ejpam-801	320	20	)	)	PUNCT
ejpam-801	320	21	and	and	CCONJ
ejpam-801	320	22	the	the	DET
ejpam-801	320	23	egarch(1,1	egarch(1,1	NOUN
ejpam-801	320	24	)	)	PUNCT
ejpam-801	320	25	model	model	NOUN
ejpam-801	320	26	appear	appear	VERB
ejpam-801	320	27	to	to	PART
ejpam-801	320	28	reproduce	reproduce	VERB
ejpam-801	320	29	this	this	DET
ejpam-801	320	30	stylized	stylize	VERB
ejpam-801	320	31	fact	fact	NOUN
ejpam-801	320	32	considerably	considerably	ADV
ejpam-801	320	33	better	well	ADJ
ejpam-801	320	34	than	than	ADP
ejpam-801	320	35	the	the	DET
ejpam-801	320	36	first	first	ADJ
ejpam-801	320	37	-	-	PUNCT
ejpam-801	320	38	order	order	NOUN
ejpam-801	320	39	garch	garch	NOUN
ejpam-801	320	40	model	model	NOUN
ejpam-801	320	41	.	.	PUNCT
ejpam-801	321	1	6	6	NUM
ejpam-801	321	2	.	.	X
ejpam-801	321	3	confidence	confidence	NOUN
ejpam-801	321	4	regions	region	NOUN
ejpam-801	321	5	for	for	ADP
ejpam-801	321	6	the	the	DET
ejpam-801	321	7	kurtosis	kurtosis	NOUN
ejpam-801	321	8	-	-	PUNCT
ejpam-801	321	9	auto	auto	NOUN
ejpam-801	321	10	-	-	PUNCT
ejpam-801	321	11	correlation	correlation	NOUN
ejpam-801	321	12	combination	combination	NOUN
ejpam-801	321	13	when	when	SCONJ
ejpam-801	321	14	the	the	DET
ejpam-801	321	15	kurtosis	kurtosis	NOUN
ejpam-801	321	16	-	-	PUNCT
ejpam-801	321	17	autocorrelation	autocorrelation	NOUN
ejpam-801	321	18	combination	combination	NOUN
ejpam-801	321	19	and	and	CCONJ
ejpam-801	321	20	volatility	volatility	NOUN
ejpam-801	321	21	models	model	NOUN
ejpam-801	321	22	were	be	AUX
ejpam-801	321	23	discussed	discuss	VERB
ejpam-801	321	24	in	in	ADP
ejpam-801	321	25	section	section	NOUN
ejpam-801	321	26	4	4	NUM
ejpam-801	321	27	,	,	PUNCT
ejpam-801	321	28	the	the	DET
ejpam-801	321	29	observations	observation	NOUN
ejpam-801	321	30	were	be	AUX
ejpam-801	321	31	treated	treat	VERB
ejpam-801	321	32	as	as	ADP
ejpam-801	321	33	fixed	fix	VERB
ejpam-801	321	34	for	for	ADP
ejpam-801	321	35	simplicity	simplicity	NOUN
ejpam-801	321	36	.	.	PUNCT
ejpam-801	322	1	in	in	ADP
ejpam-801	322	2	reality	reality	NOUN
ejpam-801	322	3	,	,	PUNCT
ejpam-801	322	4	they	they	PRON
ejpam-801	322	5	are	be	AUX
ejpam-801	322	6	estimates	estimate	NOUN
ejpam-801	322	7	based	base	VERB
ejpam-801	322	8	on	on	ADP
ejpam-801	322	9	time	time	NOUN
ejpam-801	322	10	series	series	NOUN
ejpam-801	322	11	.	.	PUNCT
ejpam-801	323	1	this	this	PRON
ejpam-801	323	2	being	be	AUX
ejpam-801	323	3	the	the	DET
ejpam-801	323	4	case	case	NOUN
ejpam-801	323	5	,	,	PUNCT
ejpam-801	323	6	it	it	PRON
ejpam-801	323	7	would	would	AUX
ejpam-801	323	8	be	be	AUX
ejpam-801	323	9	useful	useful	ADJ
ejpam-801	323	10	to	to	PART
ejpam-801	323	11	account	account	VERB
ejpam-801	323	12	for	for	ADP
ejpam-801	323	13	the	the	DET
ejpam-801	323	14	uncertainty	uncertainty	NOUN
ejpam-801	323	15	of	of	ADP
ejpam-801	323	16	these	these	DET
ejpam-801	323	17	estimates	estimate	NOUN
ejpam-801	323	18	and	and	CCONJ
ejpam-801	323	19	see	see	VERB
ejpam-801	323	20	whether	whether	SCONJ
ejpam-801	323	21	or	or	CCONJ
ejpam-801	323	22	not	not	PART
ejpam-801	323	23	that	that	PRON
ejpam-801	323	24	would	would	AUX
ejpam-801	323	25	change	change	VERB
ejpam-801	323	26	the	the	DET
ejpam-801	323	27	conclusions	conclusion	NOUN
ejpam-801	323	28	offered	offer	VERB
ejpam-801	323	29	in	in	ADP
ejpam-801	323	30	section	section	NOUN
ejpam-801	323	31	4	4	NUM
ejpam-801	323	32	.	.	PUNCT
ejpam-801	324	1	for	for	ADP
ejpam-801	324	2	this	this	DET
ejpam-801	324	3	purpose	purpose	NOUN
ejpam-801	324	4	one	one	NOUN
ejpam-801	324	5	has	have	VERB
ejpam-801	324	6	to	to	PART
ejpam-801	324	7	estimate	estimate	VERB
ejpam-801	324	8	confidence	confidence	NOUN
ejpam-801	324	9	regions	region	NOUN
ejpam-801	324	10	for	for	ADP
ejpam-801	324	11	kurtosis	kurtosis	NOUN
ejpam-801	324	12	-	-	PUNCT
ejpam-801	324	13	autocorrelation	autocorrelation	NOUN
ejpam-801	324	14	combinations	combination	NOUN
ejpam-801	324	15	.	.	PUNCT
ejpam-801	325	1	the	the	DET
ejpam-801	325	2	problem	problem	NOUN
ejpam-801	325	3	then	then	ADV
ejpam-801	325	4	is	be	AUX
ejpam-801	325	5	that	that	SCONJ
ejpam-801	325	6	it	it	PRON
ejpam-801	325	7	is	be	AUX
ejpam-801	325	8	not	not	PART
ejpam-801	325	9	possible	possible	ADJ
ejpam-801	325	10	to	to	PART
ejpam-801	325	11	obtain	obtain	VERB
ejpam-801	325	12	these	these	DET
ejpam-801	325	13	confidence	confidence	NOUN
ejpam-801	325	14	regions	region	NOUN
ejpam-801	325	15	analytically	analytically	ADV
ejpam-801	325	16	.	.	PUNCT
ejpam-801	326	1	the	the	DET
ejpam-801	326	2	kurtosis	kurtosis	NOUN
ejpam-801	326	3	and	and	CCONJ
ejpam-801	326	4	first	first	ADJ
ejpam-801	326	5	-	-	PUNCT
ejpam-801	326	6	order	order	NOUN
ejpam-801	326	7	autocorrelation	autocorrelation	NOUN
ejpam-801	326	8	of	of	ADP
ejpam-801	326	9	squared	square	VERB
ejpam-801	326	10	observations	observation	NOUN
ejpam-801	326	11	are	be	AUX
ejpam-801	326	12	nonlinear	nonlinear	ADJ
ejpam-801	326	13	functions	function	NOUN
ejpam-801	326	14	of	of	ADP
ejpam-801	326	15	the	the	DET
ejpam-801	326	16	parameters	parameter	NOUN
ejpam-801	326	17	of	of	ADP
ejpam-801	326	18	the	the	DET
ejpam-801	326	19	model	model	NOUN
ejpam-801	326	20	,	,	PUNCT
ejpam-801	326	21	be	be	AUX
ejpam-801	326	22	that	that	SCONJ
ejpam-801	326	23	a	a	DET
ejpam-801	326	24	garch	garch	NOUN
ejpam-801	326	25	,	,	PUNCT
ejpam-801	326	26	an	an	DET
ejpam-801	326	27	egarch	egarch	NOUN
ejpam-801	326	28	or	or	CCONJ
ejpam-801	326	29	an	an	DET
ejpam-801	326	30	arsv	arsv	NOUN
ejpam-801	326	31	model	model	NOUN
ejpam-801	326	32	.	.	PUNCT
ejpam-801	327	1	furthermore	furthermore	ADV
ejpam-801	327	2	,	,	PUNCT
ejpam-801	327	3	there	there	PRON
ejpam-801	327	4	is	be	VERB
ejpam-801	327	5	no	no	DET
ejpam-801	327	6	one	one	NUM
ejpam-801	327	7	-	-	PUNCT
ejpam-801	327	8	to	to	ADP
ejpam-801	327	9	-	-	PUNCT
ejpam-801	327	10	one	one	NUM
ejpam-801	327	11	mapping	mapping	NOUN
ejpam-801	327	12	between	between	ADP
ejpam-801	327	13	the	the	DET
ejpam-801	327	14	two	two	NUM
ejpam-801	327	15	parameters	parameter	NOUN
ejpam-801	327	16	of	of	ADP
ejpam-801	327	17	interest	interest	NOUN
ejpam-801	327	18	and	and	CCONJ
ejpam-801	327	19	the	the	DET
ejpam-801	327	20	parameters	parameter	NOUN
ejpam-801	327	21	in	in	ADP
ejpam-801	327	22	the	the	DET
ejpam-801	327	23	three	three	NUM
ejpam-801	327	24	models	model	NOUN
ejpam-801	327	25	.	.	PUNCT
ejpam-801	328	1	this	this	PRON
ejpam-801	328	2	implies	imply	VERB
ejpam-801	328	3	that	that	SCONJ
ejpam-801	328	4	the	the	DET
ejpam-801	328	5	confidence	confidence	NOUN
ejpam-801	328	6	regions	region	NOUN
ejpam-801	328	7	have	have	VERB
ejpam-801	328	8	to	to	PART
ejpam-801	328	9	be	be	AUX
ejpam-801	328	10	obtained	obtain	VERB
ejpam-801	328	11	by	by	ADP
ejpam-801	328	12	simulation	simulation	NOUN
ejpam-801	328	13	.	.	PUNCT
ejpam-801	329	1	as	as	ADP
ejpam-801	329	2	an	an	DET
ejpam-801	329	3	example	example	NOUN
ejpam-801	329	4	,	,	PUNCT
ejpam-801	329	5	suppose	suppose	VERB
ejpam-801	329	6	that	that	SCONJ
ejpam-801	329	7	the	the	DET
ejpam-801	329	8	true	true	ADJ
ejpam-801	329	9	model	model	NOUN
ejpam-801	329	10	generating	generate	VERB
ejpam-801	329	11	the	the	DET
ejpam-801	329	12	time	time	NOUN
ejpam-801	329	13	series	series	NOUN
ejpam-801	329	14	is	be	AUX
ejpam-801	329	15	a	a	DET
ejpam-801	329	16	garch(1,1	garch(1,1	NOUN
ejpam-801	329	17	)	)	PUNCT
ejpam-801	329	18	one	one	NOUN
ejpam-801	329	19	with	with	ADP
ejpam-801	329	20	a	a	DET
ejpam-801	329	21	finite	finite	NOUN
ejpam-801	329	22	fourth	fourth	ADJ
ejpam-801	329	23	moment	moment	NOUN
ejpam-801	329	24	and	and	CCONJ
ejpam-801	329	25	fit	fit	VERB
ejpam-801	329	26	this	this	DET
ejpam-801	329	27	model	model	NOUN
ejpam-801	329	28	to	to	ADP
ejpam-801	329	29	the	the	DET
ejpam-801	329	30	series	series	NOUN
ejpam-801	329	31	.	.	PUNCT
ejpam-801	330	1	use	use	VERB
ejpam-801	330	2	the	the	DET
ejpam-801	330	3	formulas	formula	NOUN
ejpam-801	330	4	(	(	PUNCT
ejpam-801	330	5	5	5	NUM
ejpam-801	330	6	)	)	PUNCT
ejpam-801	330	7	and	and	CCONJ
ejpam-801	330	8	(	(	PUNCT
ejpam-801	330	9	7	7	X
ejpam-801	330	10	)	)	PUNCT
ejpam-801	330	11	to	to	PART
ejpam-801	330	12	obtain	obtain	VERB
ejpam-801	330	13	the	the	DET
ejpam-801	330	14	plug	plug	VERB
ejpam-801	330	15	-	-	PUNCT
ejpam-801	330	16	in	in	ADP
ejpam-801	330	17	estimate	estimate	NOUN
ejpam-801	330	18	of	of	ADP
ejpam-801	330	19	the	the	DET
ejpam-801	330	20	kurtosis	kurtosis	NOUN
ejpam-801	330	21	-	-	PUNCT
ejpam-801	330	22	autocorrelation	autocorrelation	NOUN
ejpam-801	330	23	combinations	combination	NOUN
ejpam-801	330	24	.	.	PUNCT
ejpam-801	331	1	next	next	ADV
ejpam-801	331	2	,	,	PUNCT
ejpam-801	331	3	use	use	VERB
ejpam-801	331	4	the	the	DET
ejpam-801	331	5	asymptotic	asymptotic	ADJ
ejpam-801	331	6	distribution	distribution	NOUN
ejpam-801	331	7	of	of	ADP
ejpam-801	331	8	the	the	DET
ejpam-801	331	9	maximum	maximum	ADJ
ejpam-801	331	10	likelihood	likelihood	NOUN
ejpam-801	331	11	estimator	estimator	NOUN
ejpam-801	331	12	of	of	ADP
ejpam-801	331	13	the	the	DET
ejpam-801	331	14	parameters	parameter	NOUN
ejpam-801	331	15	and	and	CCONJ
ejpam-801	331	16	the	the	DET
ejpam-801	331	17	same	same	ADJ
ejpam-801	331	18	formulas	formula	NOUN
ejpam-801	331	19	to	to	PART
ejpam-801	331	20	obtain	obtain	VERB
ejpam-801	331	21	a	a	DET
ejpam-801	331	22	random	random	ADJ
ejpam-801	331	23	sample	sample	NOUN
ejpam-801	331	24	of	of	ADP
ejpam-801	331	25	kurtosis	kurtosis	NOUN
ejpam-801	331	26	-	-	PUNCT
ejpam-801	331	27	autocorrelation	autocorrelation	NOUN
ejpam-801	331	28	combinations	combination	NOUN
ejpam-801	331	29	from	from	ADP
ejpam-801	331	30	this	this	DET
ejpam-801	331	31	distribution	distribution	NOUN
ejpam-801	331	32	.	.	PUNCT
ejpam-801	332	1	the	the	DET
ejpam-801	332	2	elements	element	NOUN
ejpam-801	332	3	that	that	PRON
ejpam-801	332	4	fail	fail	VERB
ejpam-801	332	5	the	the	DET
ejpam-801	332	6	fourth	fourth	ADJ
ejpam-801	332	7	-	-	PUNCT
ejpam-801	332	8	order	order	NOUN
ejpam-801	332	9	moment	moment	NOUN
ejpam-801	332	10	condition	condition	NOUN
ejpam-801	332	11	are	be	AUX
ejpam-801	332	12	discarded	discard	VERB
ejpam-801	332	13	,	,	PUNCT
ejpam-801	332	14	and	and	CCONJ
ejpam-801	332	15	the	the	DET
ejpam-801	332	16	remaining	remain	VERB
ejpam-801	332	17	ones	one	NOUN
ejpam-801	332	18	are	be	AUX
ejpam-801	332	19	used	use	VERB
ejpam-801	332	20	for	for	ADP
ejpam-801	332	21	constructing	construct	VERB
ejpam-801	332	22	confidence	confidence	NOUN
ejpam-801	332	23	intervals	interval	NOUN
ejpam-801	332	24	.	.	PUNCT
ejpam-801	333	1	in	in	ADP
ejpam-801	333	2	order	order	NOUN
ejpam-801	333	3	to	to	PART
ejpam-801	333	4	illustrate	illustrate	VERB
ejpam-801	333	5	the	the	DET
ejpam-801	333	6	situation	situation	NOUN
ejpam-801	333	7	,	,	PUNCT
ejpam-801	333	8	consider	consider	VERB
ejpam-801	333	9	figure	figure	NOUN
ejpam-801	333	10	13	13	NUM
ejpam-801	333	11	that	that	PRON
ejpam-801	333	12	contains	contain	VERB
ejpam-801	333	13	200	200	NUM
ejpam-801	333	14	kurtosis	kurtosis	NOUN
ejpam-801	333	15	-	-	PUNCT
ejpam-801	333	16	autocorrelation	autocorrelation	NOUN
ejpam-801	333	17	combinations	combination	NOUN
ejpam-801	333	18	generated	generate	VERB
ejpam-801	333	19	from	from	ADP
ejpam-801	333	20	an	an	DET
ejpam-801	333	21	estimated	estimate	VERB
ejpam-801	333	22	garch(1,1	garch(1,1	NOUN
ejpam-801	333	23	)	)	PUNCT
ejpam-801	333	24	model	model	NOUN
ejpam-801	333	25	.	.	PUNCT
ejpam-801	334	1	the	the	DET
ejpam-801	334	2	original	original	ADJ
ejpam-801	334	3	time	time	NOUN
ejpam-801	334	4	series	series	NOUN
ejpam-801	334	5	has	have	AUX
ejpam-801	334	6	been	be	AUX
ejpam-801	334	7	generated	generate	VERB
ejpam-801	334	8	from	from	ADP
ejpam-801	334	9	a	a	DET
ejpam-801	334	10	garch(1,1	garch(1,1	NOUN
ejpam-801	334	11	)	)	PUNCT
ejpam-801	334	12	model	model	NOUN
ejpam-801	334	13	with	with	ADP
ejpam-801	334	14	parameters	parameter	NOUN
ejpam-801	334	15	α0	α0	ADJ
ejpam-801	334	16	=	=	SYM
ejpam-801	334	17	0.05,α1	0.05,α1	NUM
ejpam-801	334	18	=	=	SYM
ejpam-801	334	19	0.19121,β1	0.19121,β1	NOUN
ejpam-801	334	20	=	=	PUNCT
ejpam-801	334	21	0.75879	0.75879	NUM
ejpam-801	334	22	(	(	PUNCT
ejpam-801	334	23	α1+β1	α1+β1	NOUN
ejpam-801	334	24	=	=	NOUN
ejpam-801	334	25	0.95	0.95	NUM
ejpam-801	334	26	)	)	PUNCT
ejpam-801	334	27	.	.	PUNCT
ejpam-801	335	1	a	a	DET
ejpam-801	335	2	striking	striking	ADJ
ejpam-801	335	3	feature	feature	NOUN
ejpam-801	335	4	is	be	AUX
ejpam-801	335	5	that	that	SCONJ
ejpam-801	335	6	the	the	DET
ejpam-801	335	7	point	point	NOUN
ejpam-801	335	8	cloud	cloud	NOUN
ejpam-801	335	9	has	have	VERB
ejpam-801	335	10	a	a	DET
ejpam-801	335	11	form	form	NOUN
ejpam-801	335	12	of	of	ADP
ejpam-801	335	13	a	a	DET
ejpam-801	335	14	boomerang	boomerang	NOUN
ejpam-801	335	15	that	that	PRON
ejpam-801	335	16	appears	appear	VERB
ejpam-801	335	17	to	to	PART
ejpam-801	335	18	be	be	AUX
ejpam-801	335	19	shaped	shape	VERB
ejpam-801	335	20	by	by	ADP
ejpam-801	335	21	the	the	DET
ejpam-801	335	22	isoquants	isoquant	NOUN
ejpam-801	335	23	also	also	ADV
ejpam-801	335	24	included	include	VERB
ejpam-801	335	25	in	in	ADP
ejpam-801	335	26	the	the	DET
ejpam-801	335	27	figure	figure	NOUN
ejpam-801	335	28	.	.	PUNCT
ejpam-801	336	1	this	this	DET
ejpam-801	336	2	feature	feature	NOUN
ejpam-801	336	3	has	have	VERB
ejpam-801	336	4	an	an	DET
ejpam-801	336	5	important	important	ADJ
ejpam-801	336	6	consequence	consequence	NOUN
ejpam-801	336	7	:	:	PUNCT
ejpam-801	336	8	estimating	estimate	VERB
ejpam-801	336	9	the	the	DET
ejpam-801	336	10	joint	joint	ADJ
ejpam-801	336	11	density	density	NOUN
ejpam-801	336	12	function	function	NOUN
ejpam-801	336	13	of	of	ADP
ejpam-801	336	14	the	the	DET
ejpam-801	336	15	two	two	NUM
ejpam-801	336	16	variables	variable	NOUN
ejpam-801	336	17	,	,	PUNCT
ejpam-801	336	18	kurtosis	kurtosis	NOUN
ejpam-801	336	19	and	and	CCONJ
ejpam-801	336	20	autocorrelation	autocorrelation	NOUN
ejpam-801	336	21	estimators	estimator	NOUN
ejpam-801	336	22	,	,	PUNCT
ejpam-801	336	23	is	be	AUX
ejpam-801	336	24	hardly	hardly	ADV
ejpam-801	336	25	possible	possible	ADJ
ejpam-801	336	26	by	by	ADP
ejpam-801	336	27	applying	apply	VERB
ejpam-801	336	28	a	a	DET
ejpam-801	336	29	bivariate	bivariate	ADJ
ejpam-801	336	30	kernel	kernel	NOUN
ejpam-801	336	31	estimator	estimator	NOUN
ejpam-801	336	32	based	base	VERB
ejpam-801	336	33	on	on	ADP
ejpam-801	336	34	a	a	DET
ejpam-801	336	35	linear	linear	ADJ
ejpam-801	336	36	grid	grid	NOUN
ejpam-801	336	37	.	.	PUNCT
ejpam-801	337	1	such	such	DET
ejpam-801	337	2	a	a	DET
ejpam-801	337	3	grid	grid	NOUN
ejpam-801	337	4	would	would	AUX
ejpam-801	337	5	,	,	PUNCT
ejpam-801	337	6	however	however	ADV
ejpam-801	337	7	,	,	PUNCT
ejpam-801	337	8	cover	cover	VERB
ejpam-801	337	9	vast	vast	ADJ
ejpam-801	337	10	areas	area	NOUN
ejpam-801	337	11	where	where	SCONJ
ejpam-801	337	12	no	no	DET
ejpam-801	337	13	observations	observation	NOUN
ejpam-801	337	14	are	be	AUX
ejpam-801	337	15	located	locate	VERB
ejpam-801	337	16	.	.	PUNCT
ejpam-801	338	1	kernel	kernel	PROPN
ejpam-801	338	2	estimation	estimation	PROPN
ejpam-801	338	3	can	can	AUX
ejpam-801	338	4	instead	instead	ADV
ejpam-801	338	5	be	be	AUX
ejpam-801	338	6	carried	carry	VERB
ejpam-801	338	7	out	out	ADP
ejpam-801	338	8	by	by	ADP
ejpam-801	338	9	replacing	replace	VERB
ejpam-801	338	10	the	the	DET
ejpam-801	338	11	linear	linear	ADJ
ejpam-801	338	12	grid	grid	NOUN
ejpam-801	338	13	by	by	ADP
ejpam-801	338	14	a	a	DET
ejpam-801	338	15	particular	particular	ADJ
ejpam-801	338	16	nonlinear	nonlinear	ADJ
ejpam-801	338	17	one	one	NOUN
ejpam-801	338	18	that	that	PRON
ejpam-801	338	19	makes	make	VERB
ejpam-801	338	20	use	use	NOUN
ejpam-801	338	21	of	of	ADP
ejpam-801	338	22	the	the	DET
ejpam-801	338	23	isoquants	isoquant	NOUN
ejpam-801	338	24	;	;	PUNCT
ejpam-801	338	25	see	see	VERB
ejpam-801	338	26	[	[	X
ejpam-801	338	27	13	13	NUM
ejpam-801	338	28	]	]	PUNCT
ejpam-801	338	29	for	for	ADP
ejpam-801	338	30	details	detail	NOUN
ejpam-801	338	31	.	.	PUNCT
ejpam-801	339	1	desired	desire	VERB
ejpam-801	339	2	confidence	confidence	NOUN
ejpam-801	339	3	intervals	interval	NOUN
ejpam-801	339	4	are	be	AUX
ejpam-801	339	5	then	then	ADV
ejpam-801	339	6	obtained	obtain	VERB
ejpam-801	339	7	as	as	ADP
ejpam-801	339	8	highest	high	ADJ
ejpam-801	339	9	density	density	NOUN
ejpam-801	339	10	regions	region	NOUN
ejpam-801	339	11	;	;	PUNCT
ejpam-801	339	12	[	[	X
ejpam-801	339	13	see	see	VERB
ejpam-801	339	14	,	,	PUNCT
ejpam-801	339	15	for	for	ADP
ejpam-801	339	16	example	example	NOUN
ejpam-801	339	17	53	53	NUM
ejpam-801	339	18	,	,	PUNCT
ejpam-801	339	19	section	section	NOUN
ejpam-801	339	20	15.2	15.2	NUM
ejpam-801	339	21	]	]	PUNCT
ejpam-801	339	22	and	and	CCONJ
ejpam-801	339	23	for	for	ADP
ejpam-801	339	24	computational	computational	ADJ
ejpam-801	339	25	details	detail	NOUN
ejpam-801	339	26	,	,	PUNCT
ejpam-801	339	27	[	[	X
ejpam-801	339	28	31	31	NUM
ejpam-801	339	29	]	]	PUNCT
ejpam-801	339	30	.	.	PUNCT
ejpam-801	340	1	as	as	ADP
ejpam-801	340	2	an	an	DET
ejpam-801	340	3	application	application	NOUN
ejpam-801	340	4	we	we	PRON
ejpam-801	340	5	consider	consider	VERB
ejpam-801	340	6	two	two	NUM
ejpam-801	340	7	daily	daily	ADJ
ejpam-801	340	8	return	return	NOUN
ejpam-801	340	9	series	series	NOUN
ejpam-801	340	10	of	of	ADP
ejpam-801	340	11	stocks	stock	NOUN
ejpam-801	340	12	traded	trade	VERB
ejpam-801	340	13	in	in	ADP
ejpam-801	340	14	the	the	DET
ejpam-801	340	15	stockholm	stockholm	PROPN
ejpam-801	340	16	stock	stock	NOUN
ejpam-801	340	17	exchange	exchange	PROPN
ejpam-801	340	18	.	.	PUNCT
ejpam-801	341	1	for	for	ADP
ejpam-801	341	2	the	the	DET
ejpam-801	341	3	stock	stock	NOUN
ejpam-801	341	4	assi	assi	PROPN
ejpam-801	341	5	d	d	PROPN
ejpam-801	341	6	with	with	ADP
ejpam-801	341	7	1769	1769	NUM
ejpam-801	341	8	observations	observation	NOUN
ejpam-801	341	9	the	the	DET
ejpam-801	341	10	estimated	estimate	VERB
ejpam-801	341	11	kurtosis	kurtosis	NOUN
ejpam-801	341	12	equals	equal	VERB
ejpam-801	341	13	5.8	5.8	NUM
ejpam-801	341	14	,	,	PUNCT
ejpam-801	341	15	and	and	CCONJ
ejpam-801	341	16	the	the	DET
ejpam-801	341	17	first	first	ADJ
ejpam-801	341	18	-	-	PUNCT
ejpam-801	341	19	order	order	NOUN
ejpam-801	341	20	autocorrelation	autocorrelation	NOUN
ejpam-801	341	21	of	of	ADP
ejpam-801	341	22	squared	square	VERB
ejpam-801	341	23	returns	return	NOUN
ejpam-801	341	24	equals	equal	VERB
ejpam-801	341	25	0.305	0.305	NUM
ejpam-801	341	26	.	.	PUNCT
ejpam-801	342	1	the	the	DET
ejpam-801	342	2	solid	solid	ADJ
ejpam-801	342	3	square	square	NOUN
ejpam-801	342	4	in	in	ADP
ejpam-801	342	5	figures	figure	NOUN
ejpam-801	342	6	14	14	NUM
ejpam-801	342	7	,	,	PUNCT
ejpam-801	342	8	15	15	NUM
ejpam-801	342	9	and	and	CCONJ
ejpam-801	342	10	16	16	NUM
ejpam-801	342	11	represents	represent	VERB
ejpam-801	342	12	this	this	DET
ejpam-801	342	13	kurtosis	kurtosis	NOUN
ejpam-801	342	14	/	/	SYM
ejpam-801	342	15	autocorrelation	autocorrelation	NOUN
ejpam-801	342	16	pair	pair	NOUN
ejpam-801	342	17	.	.	PUNCT
ejpam-801	343	1	after	after	ADP
ejpam-801	343	2	estimating	estimate	VERB
ejpam-801	343	3	the	the	DET
ejpam-801	343	4	three	three	NUM
ejpam-801	343	5	models	model	NOUN
ejpam-801	343	6	,	,	PUNCT
ejpam-801	343	7	the	the	DET
ejpam-801	343	8	plug	plug	VERB
ejpam-801	343	9	-	-	PUNCT
ejpam-801	343	10	in	in	ADP
ejpam-801	343	11	estimate	estimate	NOUN
ejpam-801	343	12	of	of	ADP
ejpam-801	343	13	the	the	DET
ejpam-801	343	14	kurtosis	kurtosis	NOUN
ejpam-801	343	15	/	/	SYM
ejpam-801	343	16	autocorrelation	autocorrelation	NOUN
ejpam-801	343	17	pair	pair	NOUN
ejpam-801	343	18	can	can	AUX
ejpam-801	343	19	be	be	AUX
ejpam-801	343	20	obtained	obtain	VERB
ejpam-801	343	21	for	for	ADP
ejpam-801	343	22	each	each	DET
ejpam-801	343	23	model	model	NOUN
ejpam-801	343	24	,	,	PUNCT
ejpam-801	343	25	and	and	CCONJ
ejpam-801	343	26	the	the	DET
ejpam-801	343	27	solid	solid	ADJ
ejpam-801	343	28	circle	circle	NOUN
ejpam-801	343	29	represents	represent	VERB
ejpam-801	343	30	the	the	DET
ejpam-801	343	31	estimated	estimate	VERB
ejpam-801	343	32	pair	pair	NOUN
ejpam-801	343	33	in	in	ADP
ejpam-801	343	34	the	the	DET
ejpam-801	343	35	three	three	NUM
ejpam-801	343	36	figures	figure	NOUN
ejpam-801	343	37	.	.	PUNCT
ejpam-801	344	1	to	to	PART
ejpam-801	344	2	estimate	estimate	VERB
ejpam-801	344	3	the	the	DET
ejpam-801	344	4	arsv	arsv	NOUN
ejpam-801	344	5	model	model	NOUN
ejpam-801	344	6	we	we	PRON
ejpam-801	344	7	use	use	VERB
ejpam-801	344	8	the	the	DET
ejpam-801	344	9	quasi	quasi	ADJ
ejpam-801	344	10	-	-	ADJ
ejpam-801	344	11	maximum	maximum	ADJ
ejpam-801	344	12	likelihood	likelihood	NOUN
ejpam-801	344	13	estimator	estimator	NOUN
ejpam-801	344	14	suggested	suggest	VERB
ejpam-801	344	15	in	in	ADP
ejpam-801	344	16	[	[	X
ejpam-801	344	17	17	17	NUM
ejpam-801	344	18	]	]	PUNCT
ejpam-801	344	19	.	.	PUNCT
ejpam-801	345	1	finally	finally	ADV
ejpam-801	345	2	,	,	PUNCT
ejpam-801	345	3	the	the	DET
ejpam-801	345	4	solid	solid	ADJ
ejpam-801	345	5	lines	line	NOUN
ejpam-801	345	6	are	be	AUX
ejpam-801	345	7	the	the	DET
ejpam-801	345	8	90	90	NUM
ejpam-801	345	9	%	%	NOUN
ejpam-801	345	10	confidence	confidence	NOUN
ejpam-801	345	11	regions	region	NOUN
ejpam-801	345	12	of	of	ADP
ejpam-801	345	13	the	the	DET
ejpam-801	345	14	true	true	ADJ
ejpam-801	345	15	kurtosis	kurtosis	NOUN
ejpam-801	345	16	/	/	SYM
ejpam-801	345	17	autocorrelation	autocorrelation	NOUN
ejpam-801	345	18	pair	pair	NOUN
ejpam-801	345	19	.	.	PUNCT
ejpam-801	346	1	h.	h.	PROPN
ejpam-801	346	2	malmsten	malmsten	PROPN
ejpam-801	346	3	and	and	CCONJ
ejpam-801	346	4	t.	t.	PROPN
ejpam-801	346	5	teräsvirta	teräsvirta	PROPN
ejpam-801	346	6	/	/	SYM
ejpam-801	346	7	eur	eur	PROPN
ejpam-801	346	8	.	.	PUNCT
ejpam-801	347	1	j.	j.	PROPN
ejpam-801	347	2	pure	pure	PROPN
ejpam-801	347	3	appl	appl	PROPN
ejpam-801	347	4	.	.	PROPN
ejpam-801	347	5	math	math	PROPN
ejpam-801	347	6	,	,	PUNCT
ejpam-801	347	7	3	3	NUM
ejpam-801	347	8	(	(	PUNCT
ejpam-801	347	9	2010	2010	NUM
ejpam-801	347	10	)	)	PUNCT
ejpam-801	347	11	,	,	PUNCT
ejpam-801	347	12	443	443	NUM
ejpam-801	347	13	-	-	SYM
ejpam-801	347	14	477	477	NUM
ejpam-801	347	15	456	456	NUM
ejpam-801	347	16	for	for	ADP
ejpam-801	347	17	the	the	DET
ejpam-801	347	18	garch(1,1	garch(1,1	NOUN
ejpam-801	347	19	)	)	PUNCT
ejpam-801	347	20	model	model	NOUN
ejpam-801	347	21	in	in	ADP
ejpam-801	347	22	figure	figure	NOUN
ejpam-801	347	23	14	14	NUM
ejpam-801	347	24	the	the	DET
ejpam-801	347	25	deviation	deviation	NOUN
ejpam-801	347	26	of	of	ADP
ejpam-801	347	27	the	the	DET
ejpam-801	347	28	plug	plug	NOUN
ejpam-801	347	29	-	-	PUNCT
ejpam-801	347	30	in	in	ADP
ejpam-801	347	31	estimated	estimate	VERB
ejpam-801	347	32	kurtosis	kurtosis	NOUN
ejpam-801	347	33	/	/	SYM
ejpam-801	347	34	autocorrelation	autocorrelation	NOUN
ejpam-801	347	35	point	point	NOUN
ejpam-801	347	36	from	from	ADP
ejpam-801	347	37	the	the	DET
ejpam-801	347	38	directly	directly	ADV
ejpam-801	347	39	estimated	estimate	VERB
ejpam-801	347	40	pair	pair	NOUN
ejpam-801	347	41	is	be	AUX
ejpam-801	347	42	quite	quite	ADV
ejpam-801	347	43	small	small	ADJ
ejpam-801	347	44	,	,	PUNCT
ejpam-801	347	45	and	and	CCONJ
ejpam-801	347	46	the	the	DET
ejpam-801	347	47	directly	directly	ADV
ejpam-801	347	48	estimated	estimate	VERB
ejpam-801	347	49	combination	combination	NOUN
ejpam-801	347	50	remains	remain	VERB
ejpam-801	347	51	inside	inside	ADP
ejpam-801	347	52	the	the	DET
ejpam-801	347	53	90	90	NUM
ejpam-801	347	54	%	%	NOUN
ejpam-801	347	55	confidence	confidence	NOUN
ejpam-801	347	56	region	region	NOUN
ejpam-801	347	57	.	.	PUNCT
ejpam-801	348	1	both	both	PRON
ejpam-801	348	2	for	for	ADP
ejpam-801	348	3	the	the	DET
ejpam-801	348	4	egarch	egarch	NOUN
ejpam-801	348	5	model	model	NOUN
ejpam-801	348	6	in	in	ADP
ejpam-801	348	7	figure	figure	NOUN
ejpam-801	348	8	15	15	NUM
ejpam-801	348	9	and	and	CCONJ
ejpam-801	348	10	for	for	ADP
ejpam-801	348	11	the	the	DET
ejpam-801	348	12	arsv	arsv	PROPN
ejpam-801	348	13	model	model	NOUN
ejpam-801	348	14	in	in	ADP
ejpam-801	348	15	figure	figure	NOUN
ejpam-801	348	16	16	16	NUM
ejpam-801	348	17	the	the	DET
ejpam-801	348	18	plug	plug	VERB
ejpam-801	348	19	-	-	PUNCT
ejpam-801	348	20	in	in	ADP
ejpam-801	348	21	estimate	estimate	NOUN
ejpam-801	348	22	of	of	ADP
ejpam-801	348	23	the	the	DET
ejpam-801	348	24	first	first	ADJ
ejpam-801	348	25	-	-	PUNCT
ejpam-801	348	26	order	order	NOUN
ejpam-801	348	27	autocorrelation	autocorrelation	NOUN
ejpam-801	348	28	is	be	AUX
ejpam-801	348	29	clearly	clearly	ADV
ejpam-801	348	30	lower	low	ADJ
ejpam-801	348	31	than	than	ADP
ejpam-801	348	32	the	the	DET
ejpam-801	348	33	nonparametric	nonparametric	NOUN
ejpam-801	348	34	estimate	estimate	NOUN
ejpam-801	348	35	.	.	PUNCT
ejpam-801	349	1	however	however	ADV
ejpam-801	349	2	,	,	PUNCT
ejpam-801	349	3	for	for	ADP
ejpam-801	349	4	the	the	DET
ejpam-801	349	5	egarch(1,1	egarch(1,1	NOUN
ejpam-801	349	6	)	)	PUNCT
ejpam-801	349	7	model	model	NOUN
ejpam-801	349	8	in	in	ADP
ejpam-801	349	9	figure	figure	NOUN
ejpam-801	349	10	15	15	NUM
ejpam-801	349	11	the	the	DET
ejpam-801	349	12	nonparametrically	nonparametrically	ADV
ejpam-801	349	13	estimated	estimate	VERB
ejpam-801	349	14	combination	combination	NOUN
ejpam-801	349	15	remains	remain	VERB
ejpam-801	349	16	inside	inside	ADP
ejpam-801	349	17	the	the	DET
ejpam-801	349	18	90	90	NUM
ejpam-801	349	19	%	%	NOUN
ejpam-801	349	20	confidence	confidence	NOUN
ejpam-801	349	21	region	region	NOUN
ejpam-801	349	22	,	,	PUNCT
ejpam-801	349	23	whereas	whereas	SCONJ
ejpam-801	349	24	this	this	PRON
ejpam-801	349	25	is	be	AUX
ejpam-801	349	26	not	not	PART
ejpam-801	349	27	the	the	DET
ejpam-801	349	28	case	case	NOUN
ejpam-801	349	29	for	for	ADP
ejpam-801	349	30	the	the	DET
ejpam-801	349	31	arsv(1	arsv(1	NOUN
ejpam-801	349	32	)	)	PUNCT
ejpam-801	349	33	model	model	NOUN
ejpam-801	349	34	,	,	PUNCT
ejpam-801	349	35	see	see	VERB
ejpam-801	349	36	figure	figure	NOUN
ejpam-801	349	37	16	16	NUM
ejpam-801	349	38	.	.	PUNCT
ejpam-801	350	1	the	the	DET
ejpam-801	350	2	result	result	NOUN
ejpam-801	350	3	for	for	ADP
ejpam-801	350	4	the	the	DET
ejpam-801	350	5	arsv	arsv	PROPN
ejpam-801	350	6	model	model	NOUN
ejpam-801	350	7	is	be	AUX
ejpam-801	350	8	probably	probably	ADV
ejpam-801	350	9	due	due	ADJ
ejpam-801	350	10	to	to	ADP
ejpam-801	350	11	the	the	DET
ejpam-801	350	12	fact	fact	NOUN
ejpam-801	350	13	,	,	PUNCT
ejpam-801	350	14	discussed	discuss	VERB
ejpam-801	350	15	in	in	ADP
ejpam-801	350	16	section	section	NOUN
ejpam-801	350	17	4.3	4.3	NUM
ejpam-801	350	18	,	,	PUNCT
ejpam-801	350	19	that	that	SCONJ
ejpam-801	350	20	the	the	DET
ejpam-801	350	21	persistence	persistence	NOUN
ejpam-801	350	22	parameter	parameter	NOUN
ejpam-801	350	23	β	β	PROPN
ejpam-801	350	24	does	do	AUX
ejpam-801	350	25	not	not	PART
ejpam-801	350	26	have	have	VERB
ejpam-801	350	27	a	a	DET
ejpam-801	350	28	prominent	prominent	ADJ
ejpam-801	350	29	role	role	NOUN
ejpam-801	350	30	to	to	PART
ejpam-801	350	31	play	play	VERB
ejpam-801	350	32	in	in	ADP
ejpam-801	350	33	the	the	DET
ejpam-801	350	34	determination	determination	NOUN
ejpam-801	350	35	of	of	ADP
ejpam-801	350	36	autocorrelations	autocorrelation	NOUN
ejpam-801	350	37	of	of	ADP
ejpam-801	350	38	squared	square	VERB
ejpam-801	350	39	observations	observation	NOUN
ejpam-801	350	40	.	.	PUNCT
ejpam-801	351	1	next	next	ADV
ejpam-801	351	2	we	we	PRON
ejpam-801	351	3	consider	consider	VERB
ejpam-801	351	4	another	another	DET
ejpam-801	351	5	return	return	NOUN
ejpam-801	351	6	series	series	NOUN
ejpam-801	351	7	that	that	PRON
ejpam-801	351	8	has	have	VERB
ejpam-801	351	9	a	a	DET
ejpam-801	351	10	combination	combination	NOUN
ejpam-801	351	11	of	of	ADP
ejpam-801	351	12	kurtosis	kurtosis	NOUN
ejpam-801	351	13	and	and	CCONJ
ejpam-801	351	14	first	first	ADJ
ejpam-801	351	15	-	-	PUNCT
ejpam-801	351	16	order	order	NOUN
ejpam-801	351	17	autocorrelation	autocorrelation	NOUN
ejpam-801	351	18	of	of	ADP
ejpam-801	351	19	squares	square	NOUN
ejpam-801	351	20	that	that	PRON
ejpam-801	351	21	lies	lie	VERB
ejpam-801	351	22	below	below	ADP
ejpam-801	351	23	even	even	ADV
ejpam-801	351	24	the	the	DET
ejpam-801	351	25	lowest	low	ADJ
ejpam-801	351	26	isoquants	isoquant	NOUN
ejpam-801	351	27	for	for	ADP
ejpam-801	351	28	the	the	DET
ejpam-801	351	29	garch	garch	NOUN
ejpam-801	351	30	model	model	NOUN
ejpam-801	351	31	in	in	ADP
ejpam-801	351	32	figure	figure	NOUN
ejpam-801	351	33	3	3	NUM
ejpam-801	351	34	and	and	CCONJ
ejpam-801	351	35	the	the	DET
ejpam-801	351	36	egarch	egarch	NOUN
ejpam-801	351	37	model	model	NOUN
ejpam-801	351	38	in	in	ADP
ejpam-801	351	39	figure	figure	NOUN
ejpam-801	351	40	6	6	NUM
ejpam-801	351	41	.	.	PUNCT
ejpam-801	352	1	this	this	PRON
ejpam-801	352	2	is	be	AUX
ejpam-801	352	3	the	the	DET
ejpam-801	352	4	return	return	NOUN
ejpam-801	352	5	series	series	NOUN
ejpam-801	352	6	of	of	ADP
ejpam-801	352	7	2984	2984	NUM
ejpam-801	352	8	observations	observation	NOUN
ejpam-801	352	9	for	for	ADP
ejpam-801	352	10	the	the	DET
ejpam-801	352	11	stock	stock	NOUN
ejpam-801	352	12	seb	seb	NOUN
ejpam-801	352	13	that	that	PRON
ejpam-801	352	14	has	have	AUX
ejpam-801	352	15	kurtosis	kurtosi	VERB
ejpam-801	352	16	18.0	18.0	NUM
ejpam-801	352	17	and	and	CCONJ
ejpam-801	352	18	the	the	DET
ejpam-801	352	19	first	first	ADJ
ejpam-801	352	20	-	-	PUNCT
ejpam-801	352	21	order	order	NOUN
ejpam-801	352	22	autocorrelation	autocorrelation	NOUN
ejpam-801	352	23	of	of	ADP
ejpam-801	352	24	squares	square	NOUN
ejpam-801	352	25	0.267	0.267	NUM
ejpam-801	352	26	.	.	PUNCT
ejpam-801	353	1	if	if	SCONJ
ejpam-801	353	2	it	it	PRON
ejpam-801	353	3	is	be	AUX
ejpam-801	353	4	assumed	assume	VERB
ejpam-801	353	5	that	that	SCONJ
ejpam-801	353	6	the	the	DET
ejpam-801	353	7	series	series	NOUN
ejpam-801	353	8	is	be	AUX
ejpam-801	353	9	generated	generate	VERB
ejpam-801	353	10	from	from	ADP
ejpam-801	353	11	a	a	DET
ejpam-801	353	12	garch(1,1	garch(1,1	NOUN
ejpam-801	353	13	)	)	PUNCT
ejpam-801	353	14	model	model	NOUN
ejpam-801	353	15	with	with	ADP
ejpam-801	353	16	normal	normal	ADJ
ejpam-801	353	17	errors	error	NOUN
ejpam-801	353	18	,	,	PUNCT
ejpam-801	353	19	it	it	PRON
ejpam-801	353	20	is	be	AUX
ejpam-801	353	21	seen	see	VERB
ejpam-801	353	22	from	from	ADP
ejpam-801	353	23	figure	figure	NOUN
ejpam-801	353	24	17	17	NUM
ejpam-801	353	25	that	that	SCONJ
ejpam-801	353	26	this	this	PRON
ejpam-801	353	27	leads	lead	VERB
ejpam-801	353	28	to	to	ADP
ejpam-801	353	29	a	a	DET
ejpam-801	353	30	low	low	ADJ
ejpam-801	353	31	estimate	estimate	NOUN
ejpam-801	353	32	of	of	ADP
ejpam-801	353	33	the	the	DET
ejpam-801	353	34	kurtosis	kurtosis	NOUN
ejpam-801	353	35	and	and	CCONJ
ejpam-801	353	36	the	the	DET
ejpam-801	353	37	autocorrelation	autocorrelation	NOUN
ejpam-801	353	38	.	.	PUNCT
ejpam-801	354	1	the	the	DET
ejpam-801	354	2	kurtosis	kurtosis	NOUN
ejpam-801	354	3	-	-	PUNCT
ejpam-801	354	4	autocorrelation	autocorrelation	NOUN
ejpam-801	354	5	combination	combination	NOUN
ejpam-801	354	6	is	be	AUX
ejpam-801	354	7	heavily	heavily	ADV
ejpam-801	354	8	underestimated	underestimate	VERB
ejpam-801	354	9	.	.	PUNCT
ejpam-801	355	1	the	the	DET
ejpam-801	355	2	90	90	NUM
ejpam-801	355	3	%	%	NOUN
ejpam-801	355	4	confidence	confidence	NOUN
ejpam-801	355	5	region	region	NOUN
ejpam-801	355	6	does	do	AUX
ejpam-801	355	7	not	not	PART
ejpam-801	355	8	cover	cover	VERB
ejpam-801	355	9	the	the	DET
ejpam-801	355	10	nonparametrically	nonparametrically	ADV
ejpam-801	355	11	estimated	estimate	VERB
ejpam-801	355	12	kurtosis	kurtosis	NOUN
ejpam-801	355	13	-	-	PUNCT
ejpam-801	355	14	autocorrelation	autocorrelation	NOUN
ejpam-801	355	15	combination	combination	NOUN
ejpam-801	355	16	.	.	PUNCT
ejpam-801	356	1	we	we	PRON
ejpam-801	356	2	also	also	ADV
ejpam-801	356	3	find	find	VERB
ejpam-801	356	4	a	a	DET
ejpam-801	356	5	garch(1,1	garch(1,1	NOUN
ejpam-801	356	6	)	)	PUNCT
ejpam-801	356	7	model	model	NOUN
ejpam-801	356	8	with	with	ADP
ejpam-801	356	9	t	t	NOUN
ejpam-801	356	10	-	-	PUNCT
ejpam-801	356	11	distributed	distribute	VERB
ejpam-801	356	12	errors	error	NOUN
ejpam-801	356	13	to	to	ADP
ejpam-801	356	14	this	this	DET
ejpam-801	356	15	series	series	NOUN
ejpam-801	356	16	and	and	CCONJ
ejpam-801	356	17	estimated	estimate	VERB
ejpam-801	356	18	the	the	DET
ejpam-801	356	19	90	90	NUM
ejpam-801	356	20	%	%	NOUN
ejpam-801	356	21	confidence	confidence	NOUN
ejpam-801	356	22	region	region	NOUN
ejpam-801	356	23	kurtosis	kurtosis	NOUN
ejpam-801	356	24	-	-	PUNCT
ejpam-801	356	25	autocorrelation	autocorrelation	NOUN
ejpam-801	356	26	pair	pair	NOUN
ejpam-801	356	27	under	under	ADP
ejpam-801	356	28	the	the	DET
ejpam-801	356	29	assumption	assumption	NOUN
ejpam-801	356	30	that	that	SCONJ
ejpam-801	356	31	the	the	DET
ejpam-801	356	32	observations	observation	NOUN
ejpam-801	356	33	are	be	AUX
ejpam-801	356	34	generated	generate	VERB
ejpam-801	356	35	by	by	ADP
ejpam-801	356	36	a	a	DET
ejpam-801	356	37	garch(1,1	garch(1,1	NOUN
ejpam-801	356	38	)	)	PUNCT
ejpam-801	356	39	model	model	NOUN
ejpam-801	356	40	.	.	PUNCT
ejpam-801	357	1	the	the	DET
ejpam-801	357	2	estimated	estimate	VERB
ejpam-801	357	3	number	number	NOUN
ejpam-801	357	4	of	of	ADP
ejpam-801	357	5	degrees	degree	NOUN
ejpam-801	357	6	of	of	ADP
ejpam-801	357	7	freedom	freedom	NOUN
ejpam-801	357	8	,	,	PUNCT
ejpam-801	357	9	bυ	bυ	NOUN
ejpam-801	357	10	,	,	PUNCT
ejpam-801	357	11	is	be	AUX
ejpam-801	357	12	close	close	ADJ
ejpam-801	357	13	to	to	ADP
ejpam-801	357	14	seven	seven	NUM
ejpam-801	357	15	,	,	PUNCT
ejpam-801	357	16	and	and	CCONJ
ejpam-801	357	17	the	the	DET
ejpam-801	357	18	plug	plug	VERB
ejpam-801	357	19	-	-	PUNCT
ejpam-801	357	20	in	in	ADP
ejpam-801	357	21	kurtosis	kurtosis	NOUN
ejpam-801	357	22	estimate	estimate	NOUN
ejpam-801	357	23	,	,	PUNCT
ejpam-801	357	24	obtained	obtain	VERB
ejpam-801	357	25	after	after	ADP
ejpam-801	357	26	rounding	round	VERB
ejpam-801	357	27	bυ	bυ	NOUN
ejpam-801	357	28	off	off	ADP
ejpam-801	357	29	to	to	ADP
ejpam-801	357	30	7	7	NUM
ejpam-801	357	31	,	,	PUNCT
ejpam-801	357	32	is	be	AUX
ejpam-801	357	33	quite	quite	ADV
ejpam-801	357	34	high	high	ADJ
ejpam-801	357	35	,	,	PUNCT
ejpam-801	357	36	equalling	equal	VERB
ejpam-801	357	37	56	56	NUM
ejpam-801	357	38	.	.	PUNCT
ejpam-801	358	1	it	it	PRON
ejpam-801	358	2	is	be	AUX
ejpam-801	358	3	seen	see	VERB
ejpam-801	358	4	from	from	ADP
ejpam-801	358	5	figure	figure	NOUN
ejpam-801	358	6	18	18	NUM
ejpam-801	358	7	that	that	SCONJ
ejpam-801	358	8	the	the	DET
ejpam-801	358	9	plug	plug	VERB
ejpam-801	358	10	-	-	PUNCT
ejpam-801	358	11	in	in	ADP
ejpam-801	358	12	kurtosis	kurtosis	NOUN
ejpam-801	358	13	-	-	PUNCT
ejpam-801	358	14	autocorrelation	autocorrelation	NOUN
ejpam-801	358	15	estimate	estimate	NOUN
ejpam-801	358	16	is	be	AUX
ejpam-801	358	17	not	not	PART
ejpam-801	358	18	contained	contain	VERB
ejpam-801	358	19	in	in	ADP
ejpam-801	358	20	the	the	DET
ejpam-801	358	21	90	90	NUM
ejpam-801	358	22	%	%	NOUN
ejpam-801	358	23	confidence	confidence	NOUN
ejpam-801	358	24	region	region	NOUN
ejpam-801	358	25	.	.	PUNCT
ejpam-801	359	1	furthermore	furthermore	ADV
ejpam-801	359	2	,	,	PUNCT
ejpam-801	359	3	the	the	DET
ejpam-801	359	4	nonparametric	nonparametric	NOUN
ejpam-801	359	5	estimate	estimate	VERB
ejpam-801	359	6	with	with	ADP
ejpam-801	359	7	kurtosis	kurtosis	NOUN
ejpam-801	359	8	less	less	ADJ
ejpam-801	359	9	than	than	ADP
ejpam-801	359	10	20	20	NUM
ejpam-801	359	11	and	and	CCONJ
ejpam-801	359	12	first	first	ADJ
ejpam-801	359	13	-	-	PUNCT
ejpam-801	359	14	order	order	NOUN
ejpam-801	359	15	autocorrelation	autocorrelation	NOUN
ejpam-801	359	16	around	around	ADP
ejpam-801	359	17	0.25	0.25	NUM
ejpam-801	359	18	lies	lie	NOUN
ejpam-801	359	19	far	far	ADV
ejpam-801	359	20	outside	outside	ADP
ejpam-801	359	21	the	the	DET
ejpam-801	359	22	confidence	confidence	NOUN
ejpam-801	359	23	region	region	NOUN
ejpam-801	359	24	.	.	PUNCT
ejpam-801	360	1	it	it	PRON
ejpam-801	360	2	seems	seem	VERB
ejpam-801	360	3	that	that	SCONJ
ejpam-801	360	4	at	at	ADP
ejpam-801	360	5	least	least	ADJ
ejpam-801	360	6	in	in	ADP
ejpam-801	360	7	this	this	DET
ejpam-801	360	8	example	example	NOUN
ejpam-801	360	9	,	,	PUNCT
ejpam-801	360	10	a	a	DET
ejpam-801	360	11	garch(1,1	garch(1,1	NOUN
ejpam-801	360	12	)	)	PUNCT
ejpam-801	360	13	model	model	NOUN
ejpam-801	360	14	with	with	ADP
ejpam-801	360	15	t	t	NOUN
ejpam-801	360	16	-	-	PUNCT
ejpam-801	360	17	distributed	distribute	VERB
ejpam-801	360	18	errors	error	NOUN
ejpam-801	360	19	does	do	AUX
ejpam-801	360	20	not	not	PART
ejpam-801	360	21	reproduce	reproduce	VERB
ejpam-801	360	22	the	the	DET
ejpam-801	360	23	stylized	stylize	VERB
ejpam-801	360	24	facts	fact	NOUN
ejpam-801	360	25	any	any	ADV
ejpam-801	360	26	better	well	ADJ
ejpam-801	360	27	than	than	ADP
ejpam-801	360	28	its	its	PRON
ejpam-801	360	29	counterpart	counterpart	NOUN
ejpam-801	360	30	with	with	ADP
ejpam-801	360	31	normal	normal	ADJ
ejpam-801	360	32	errors	error	NOUN
ejpam-801	360	33	.	.	PUNCT
ejpam-801	361	1	similar	similar	ADJ
ejpam-801	361	2	results	result	NOUN
ejpam-801	361	3	are	be	AUX
ejpam-801	361	4	obtained	obtain	VERB
ejpam-801	361	5	for	for	ADP
ejpam-801	361	6	both	both	CCONJ
ejpam-801	361	7	the	the	DET
ejpam-801	361	8	egarch	egarch	NOUN
ejpam-801	361	9	model	model	NOUN
ejpam-801	361	10	,	,	PUNCT
ejpam-801	361	11	see	see	VERB
ejpam-801	361	12	figure	figure	NOUN
ejpam-801	361	13	19	19	NUM
ejpam-801	361	14	,	,	PUNCT
ejpam-801	361	15	and	and	CCONJ
ejpam-801	361	16	the	the	DET
ejpam-801	361	17	arsv	arsv	PROPN
ejpam-801	361	18	model	model	NOUN
ejpam-801	361	19	.	.	PUNCT
ejpam-801	362	1	it	it	PRON
ejpam-801	362	2	is	be	AUX
ejpam-801	362	3	not	not	PART
ejpam-801	362	4	possible	possible	ADJ
ejpam-801	362	5	to	to	PART
ejpam-801	362	6	estimate	estimate	VERB
ejpam-801	362	7	and	and	CCONJ
ejpam-801	362	8	graph	graph	VERB
ejpam-801	362	9	the	the	DET
ejpam-801	362	10	corresponding	correspond	VERB
ejpam-801	362	11	confidence	confidence	NOUN
ejpam-801	362	12	region	region	NOUN
ejpam-801	362	13	for	for	ADP
ejpam-801	362	14	the	the	DET
ejpam-801	362	15	stochastic	stochastic	ADJ
ejpam-801	362	16	volatility	volatility	NOUN
ejpam-801	362	17	model	model	NOUN
ejpam-801	362	18	because	because	SCONJ
ejpam-801	362	19	the	the	DET
ejpam-801	362	20	region	region	NOUN
ejpam-801	362	21	turns	turn	VERB
ejpam-801	362	22	out	out	ADP
ejpam-801	362	23	to	to	PART
ejpam-801	362	24	be	be	AUX
ejpam-801	362	25	almost	almost	ADV
ejpam-801	362	26	like	like	ADP
ejpam-801	362	27	a	a	DET
ejpam-801	362	28	section	section	NOUN
ejpam-801	362	29	of	of	ADP
ejpam-801	362	30	a	a	DET
ejpam-801	362	31	onedimensional	onedimensional	ADJ
ejpam-801	362	32	curve	curve	NOUN
ejpam-801	362	33	.	.	PUNCT
ejpam-801	363	1	it	it	PRON
ejpam-801	363	2	may	may	AUX
ejpam-801	363	3	be	be	AUX
ejpam-801	363	4	noticed	notice	VERB
ejpam-801	363	5	,	,	PUNCT
ejpam-801	363	6	however	however	ADV
ejpam-801	363	7	,	,	PUNCT
ejpam-801	363	8	that	that	SCONJ
ejpam-801	363	9	the	the	DET
ejpam-801	363	10	plug	plug	VERB
ejpam-801	363	11	-	-	PUNCT
ejpam-801	363	12	in	in	ADP
ejpam-801	363	13	kurtosis	kurtosis	NOUN
ejpam-801	363	14	estimate	estimate	NOUN
ejpam-801	363	15	from	from	ADP
ejpam-801	363	16	the	the	DET
ejpam-801	363	17	arsv	arsv	PROPN
ejpam-801	363	18	model	model	NOUN
ejpam-801	363	19	is	be	AUX
ejpam-801	363	20	considerably	considerably	ADV
ejpam-801	363	21	higher	high	ADJ
ejpam-801	363	22	than	than	ADP
ejpam-801	363	23	the	the	DET
ejpam-801	363	24	corresponding	corresponding	ADJ
ejpam-801	363	25	estimate	estimate	NOUN
ejpam-801	363	26	from	from	ADP
ejpam-801	363	27	the	the	DET
ejpam-801	363	28	garch	garch	NOUN
ejpam-801	363	29	model	model	NOUN
ejpam-801	363	30	with	with	ADP
ejpam-801	363	31	normal	normal	ADJ
ejpam-801	363	32	errors	error	NOUN
ejpam-801	363	33	,	,	PUNCT
ejpam-801	363	34	a	a	DET
ejpam-801	363	35	fact	fact	NOUN
ejpam-801	363	36	previously	previously	ADV
ejpam-801	363	37	emphasized	emphasize	VERB
ejpam-801	363	38	by	by	ADP
ejpam-801	363	39	[	[	X
ejpam-801	363	40	8	8	NUM
ejpam-801	363	41	]	]	PUNCT
ejpam-801	363	42	,	,	PUNCT
ejpam-801	363	43	but	but	CCONJ
ejpam-801	363	44	lower	low	ADJ
ejpam-801	363	45	than	than	ADP
ejpam-801	363	46	the	the	DET
ejpam-801	363	47	estimate	estimate	NOUN
ejpam-801	363	48	from	from	ADP
ejpam-801	363	49	the	the	DET
ejpam-801	363	50	garch	garch	NOUN
ejpam-801	363	51	model	model	NOUN
ejpam-801	363	52	with	with	ADP
ejpam-801	363	53	t	t	NOUN
ejpam-801	363	54	-	-	PUNCT
ejpam-801	363	55	distributed	distribute	VERB
ejpam-801	363	56	errors	error	NOUN
ejpam-801	363	57	.	.	PUNCT
ejpam-801	364	1	a	a	DET
ejpam-801	364	2	conclusion	conclusion	NOUN
ejpam-801	364	3	from	from	ADP
ejpam-801	364	4	this	this	DET
ejpam-801	364	5	small	small	ADJ
ejpam-801	364	6	application	application	NOUN
ejpam-801	364	7	,	,	PUNCT
ejpam-801	364	8	under	under	ADP
ejpam-801	364	9	the	the	DET
ejpam-801	364	10	assumption	assumption	NOUN
ejpam-801	364	11	that	that	SCONJ
ejpam-801	364	12	the	the	DET
ejpam-801	364	13	observations	observation	NOUN
ejpam-801	364	14	have	have	AUX
ejpam-801	364	15	been	be	AUX
ejpam-801	364	16	generated	generate	VERB
ejpam-801	364	17	from	from	ADP
ejpam-801	364	18	a	a	DET
ejpam-801	364	19	member	member	NOUN
ejpam-801	364	20	of	of	ADP
ejpam-801	364	21	the	the	DET
ejpam-801	364	22	family	family	NOUN
ejpam-801	364	23	of	of	ADP
ejpam-801	364	24	models	model	NOUN
ejpam-801	364	25	in	in	ADP
ejpam-801	364	26	question	question	NOUN
ejpam-801	364	27	,	,	PUNCT
ejpam-801	364	28	is	be	AUX
ejpam-801	364	29	that	that	SCONJ
ejpam-801	364	30	the	the	DET
ejpam-801	364	31	garch(1,1	garch(1,1	NOUN
ejpam-801	364	32	)	)	PUNCT
ejpam-801	364	33	model	model	NOUN
ejpam-801	364	34	and	and	CCONJ
ejpam-801	364	35	the	the	DET
ejpam-801	364	36	egarch(1,1	egarch(1,1	NOUN
ejpam-801	364	37	)	)	PUNCT
ejpam-801	364	38	model	model	NOUN
ejpam-801	364	39	can	can	AUX
ejpam-801	364	40	not	not	PART
ejpam-801	364	41	reproduce	reproduce	VERB
ejpam-801	364	42	the	the	DET
ejpam-801	364	43	stylized	stylize	VERB
ejpam-801	364	44	fact	fact	NOUN
ejpam-801	364	45	of	of	ADP
ejpam-801	364	46	high	high	ADJ
ejpam-801	364	47	kurtosis	kurtosis	NOUN
ejpam-801	364	48	and	and	CCONJ
ejpam-801	364	49	low	low	ADV
ejpam-801	364	50	-	-	PUNCT
ejpam-801	364	51	starting	start	VERB
ejpam-801	364	52	autocorrelation	autocorrelation	NOUN
ejpam-801	364	53	of	of	ADP
ejpam-801	364	54	squares	square	NOUN
ejpam-801	364	55	even	even	ADV
ejpam-801	364	56	if	if	SCONJ
ejpam-801	364	57	we	we	PRON
ejpam-801	364	58	account	account	VERB
ejpam-801	364	59	for	for	ADP
ejpam-801	364	60	the	the	DET
ejpam-801	364	61	uncertainty	uncertainty	NOUN
ejpam-801	364	62	.	.	PUNCT
ejpam-801	365	1	for	for	ADP
ejpam-801	365	2	processes	process	NOUN
ejpam-801	365	3	with	with	ADP
ejpam-801	365	4	relatively	relatively	ADV
ejpam-801	365	5	low	low	ADJ
ejpam-801	365	6	kurtosis	kurtosis	NOUN
ejpam-801	365	7	both	both	CCONJ
ejpam-801	365	8	the	the	DET
ejpam-801	365	9	garch(1,1	garch(1,1	NOUN
ejpam-801	365	10	)	)	PUNCT
ejpam-801	365	11	and	and	CCONJ
ejpam-801	365	12	the	the	DET
ejpam-801	365	13	egarch(1,1	egarch(1,1	NOUN
ejpam-801	365	14	)	)	PUNCT
ejpam-801	365	15	model	model	NOUN
ejpam-801	365	16	appear	appear	VERB
ejpam-801	365	17	to	to	PART
ejpam-801	365	18	reproduce	reproduce	VERB
ejpam-801	365	19	the	the	DET
ejpam-801	365	20	kurtosis	kurtosis	NOUN
ejpam-801	365	21	-	-	PUNCT
ejpam-801	365	22	autocorrelation	autocorrelation	NOUN
ejpam-801	365	23	stylized	stylize	VERB
ejpam-801	365	24	fact	fact	NOUN
ejpam-801	365	25	better	well	ADJ
ejpam-801	365	26	than	than	ADP
ejpam-801	365	27	the	the	DET
ejpam-801	365	28	first	first	ADJ
ejpam-801	365	29	-	-	PUNCT
ejpam-801	365	30	order	order	NOUN
ejpam-801	365	31	arsv	arsv	NOUN
ejpam-801	365	32	model	model	NOUN
ejpam-801	365	33	in	in	ADP
ejpam-801	365	34	the	the	DET
ejpam-801	365	35	sense	sense	NOUN
ejpam-801	365	36	that	that	SCONJ
ejpam-801	365	37	the	the	DET
ejpam-801	365	38	nonparametrically	nonparametrically	ADV
ejpam-801	365	39	estimated	estimate	VERB
ejpam-801	365	40	kurtosis	kurtosis	NOUN
ejpam-801	365	41	-	-	PUNCT
ejpam-801	365	42	autocorrelation	autocorrelation	NOUN
ejpam-801	365	43	combination	combination	NOUN
ejpam-801	365	44	is	be	AUX
ejpam-801	365	45	likely	likely	ADJ
ejpam-801	365	46	to	to	PART
ejpam-801	365	47	be	be	AUX
ejpam-801	365	48	covered	cover	VERB
ejpam-801	365	49	by	by	ADP
ejpam-801	365	50	the	the	DET
ejpam-801	365	51	confidence	confidence	NOUN
ejpam-801	365	52	region	region	NOUN
ejpam-801	365	53	for	for	ADP
ejpam-801	365	54	the	the	DET
ejpam-801	365	55	former	former	ADJ
ejpam-801	365	56	models	model	NOUN
ejpam-801	365	57	but	but	CCONJ
ejpam-801	365	58	not	not	PART
ejpam-801	365	59	for	for	ADP
ejpam-801	365	60	the	the	DET
ejpam-801	365	61	latter	latter	ADJ
ejpam-801	365	62	one	one	NUM
ejpam-801	365	63	.	.	PUNCT
ejpam-801	366	1	h.	h.	PROPN
ejpam-801	366	2	malmsten	malmsten	PROPN
ejpam-801	366	3	and	and	CCONJ
ejpam-801	366	4	t.	t.	PROPN
ejpam-801	366	5	teräsvirta	teräsvirta	PROPN
ejpam-801	366	6	/	/	SYM
ejpam-801	366	7	eur	eur	PROPN
ejpam-801	366	8	.	.	PUNCT
ejpam-801	367	1	j.	j.	PROPN
ejpam-801	367	2	pure	pure	PROPN
ejpam-801	367	3	appl	appl	PROPN
ejpam-801	367	4	.	.	PROPN
ejpam-801	367	5	math	math	PROPN
ejpam-801	367	6	,	,	PUNCT
ejpam-801	367	7	3	3	NUM
ejpam-801	367	8	(	(	PUNCT
ejpam-801	367	9	2010	2010	NUM
ejpam-801	367	10	)	)	PUNCT
ejpam-801	367	11	,	,	PUNCT
ejpam-801	367	12	443	443	NUM
ejpam-801	367	13	-	-	SYM
ejpam-801	367	14	477	477	NUM
ejpam-801	367	15	457	457	NUM
ejpam-801	367	16	7	7	NUM
ejpam-801	367	17	.	.	PUNCT
ejpam-801	368	1	an	an	DET
ejpam-801	368	2	unexplained	unexplained	ADJ
ejpam-801	368	3	stylized	stylize	VERB
ejpam-801	368	4	fact	fact	NOUN
ejpam-801	368	5	as	as	SCONJ
ejpam-801	368	6	is	be	AUX
ejpam-801	368	7	clear	clear	ADJ
ejpam-801	368	8	from	from	ADP
ejpam-801	368	9	the	the	DET
ejpam-801	368	10	preceding	precede	VERB
ejpam-801	368	11	discussion	discussion	NOUN
ejpam-801	368	12	,	,	PUNCT
ejpam-801	368	13	each	each	DET
ejpam-801	368	14	one	one	NUM
ejpam-801	368	15	of	of	ADP
ejpam-801	368	16	the	the	DET
ejpam-801	368	17	three	three	NUM
ejpam-801	368	18	basic	basic	ADJ
ejpam-801	368	19	models	model	NOUN
ejpam-801	368	20	satisfies	satisfy	VERB
ejpam-801	368	21	at	at	ADP
ejpam-801	368	22	least	least	ADJ
ejpam-801	368	23	some	some	PRON
ejpam-801	368	24	of	of	ADP
ejpam-801	368	25	the	the	DET
ejpam-801	368	26	stylized	stylize	VERB
ejpam-801	368	27	fact	fact	NOUN
ejpam-801	368	28	considered	consider	VERB
ejpam-801	368	29	in	in	ADP
ejpam-801	368	30	this	this	DET
ejpam-801	368	31	work	work	NOUN
ejpam-801	368	32	.	.	PUNCT
ejpam-801	369	1	there	there	PRON
ejpam-801	369	2	is	be	VERB
ejpam-801	369	3	,	,	PUNCT
ejpam-801	369	4	however	however	ADV
ejpam-801	369	5	,	,	PUNCT
ejpam-801	369	6	one	one	PRON
ejpam-801	369	7	frequently	frequently	ADV
ejpam-801	369	8	encountered	encounter	VERB
ejpam-801	369	9	feature	feature	NOUN
ejpam-801	369	10	that	that	PRON
ejpam-801	369	11	can	can	AUX
ejpam-801	369	12	not	not	PART
ejpam-801	369	13	be	be	AUX
ejpam-801	369	14	reproduced	reproduce	VERB
ejpam-801	369	15	by	by	ADP
ejpam-801	369	16	any	any	PRON
ejpam-801	369	17	of	of	ADP
ejpam-801	369	18	them	they	PRON
ejpam-801	369	19	:	:	PUNCT
ejpam-801	369	20	the	the	DET
ejpam-801	369	21	estimated	estimate	VERB
ejpam-801	369	22	marginal	marginal	ADJ
ejpam-801	369	23	distribution	distribution	NOUN
ejpam-801	369	24	of	of	ADP
ejpam-801	369	25	many	many	ADJ
ejpam-801	369	26	return	return	NOUN
ejpam-801	369	27	series	series	NOUN
ejpam-801	369	28	is	be	AUX
ejpam-801	369	29	skewed	skewed	ADJ
ejpam-801	369	30	.	.	PUNCT
ejpam-801	370	1	such	such	DET
ejpam-801	370	2	an	an	DET
ejpam-801	370	3	unconditional	unconditional	ADJ
ejpam-801	370	4	distribution	distribution	NOUN
ejpam-801	370	5	can	can	AUX
ejpam-801	370	6	not	not	PART
ejpam-801	370	7	be	be	AUX
ejpam-801	370	8	obtained	obtain	VERB
ejpam-801	370	9	by	by	ADP
ejpam-801	370	10	generalizing	generalize	VERB
ejpam-801	370	11	the	the	DET
ejpam-801	370	12	standard	standard	ADJ
ejpam-801	370	13	garch	garch	NOUN
ejpam-801	370	14	model	model	NOUN
ejpam-801	370	15	into	into	ADP
ejpam-801	370	16	an	an	DET
ejpam-801	370	17	asymmetric	asymmetric	ADJ
ejpam-801	370	18	one	one	NOUN
ejpam-801	370	19	such	such	ADJ
ejpam-801	370	20	as	as	ADP
ejpam-801	370	21	the	the	DET
ejpam-801	370	22	gjr	gjr	NOUN
ejpam-801	370	23	-	-	PUNCT
ejpam-801	370	24	garch	garch	NOUN
ejpam-801	370	25	[	[	X
ejpam-801	370	26	18	18	NUM
ejpam-801	370	27	]	]	PUNCT
ejpam-801	370	28	,	,	PUNCT
ejpam-801	370	29	qarch	qarch	NOUN
ejpam-801	371	1	[	[	X
ejpam-801	371	2	47	47	NUM
ejpam-801	371	3	]	]	PUNCT
ejpam-801	371	4	or	or	CCONJ
ejpam-801	371	5	smooth	smooth	ADJ
ejpam-801	371	6	transition	transition	NOUN
ejpam-801	371	7	garch	garch	NOUN
ejpam-801	372	1	[	[	X
ejpam-801	372	2	23	23	NUM
ejpam-801	372	3	,	,	PUNCT
ejpam-801	372	4	19	19	NUM
ejpam-801	372	5	,	,	PUNCT
ejpam-801	372	6	39	39	NUM
ejpam-801	372	7	]	]	PUNCT
ejpam-801	372	8	model	model	NOUN
ejpam-801	372	9	.	.	PUNCT
ejpam-801	373	1	for	for	ADP
ejpam-801	373	2	all	all	DET
ejpam-801	373	3	such	such	ADJ
ejpam-801	373	4	models	model	NOUN
ejpam-801	373	5	,	,	PUNCT
ejpam-801	373	6	the	the	DET
ejpam-801	373	7	unconditional	unconditional	ADJ
ejpam-801	373	8	third	third	ADJ
ejpam-801	373	9	moment	moment	NOUN
ejpam-801	373	10	of	of	ADP
ejpam-801	373	11	the	the	DET
ejpam-801	373	12	process	process	NOUN
ejpam-801	373	13	equals	equal	VERB
ejpam-801	373	14	zero	zero	NUM
ejpam-801	373	15	if	if	SCONJ
ejpam-801	373	16	it	it	PRON
ejpam-801	373	17	exists	exist	VERB
ejpam-801	373	18	as	as	ADV
ejpam-801	373	19	long	long	ADV
ejpam-801	373	20	as	as	SCONJ
ejpam-801	373	21	the	the	DET
ejpam-801	373	22	distribution	distribution	NOUN
ejpam-801	373	23	of	of	ADP
ejpam-801	373	24	the	the	DET
ejpam-801	373	25	error	error	NOUN
ejpam-801	373	26	process	process	NOUN
ejpam-801	373	27	zt	zt	PROPN
ejpam-801	373	28	is	be	AUX
ejpam-801	373	29	symmetric	symmetric	ADJ
ejpam-801	373	30	around	around	ADP
ejpam-801	373	31	zero	zero	NUM
ejpam-801	373	32	.	.	PUNCT
ejpam-801	374	1	the	the	DET
ejpam-801	374	2	same	same	ADJ
ejpam-801	374	3	is	be	AUX
ejpam-801	374	4	true	true	ADJ
ejpam-801	374	5	for	for	ADP
ejpam-801	374	6	the	the	DET
ejpam-801	374	7	egarch	egarch	NOUN
ejpam-801	374	8	model	model	NOUN
ejpam-801	374	9	which	which	PRON
ejpam-801	374	10	has	have	VERB
ejpam-801	374	11	an	an	DET
ejpam-801	374	12	in	in	ADV
ejpam-801	374	13	-	-	PUNCT
ejpam-801	374	14	built	build	VERB
ejpam-801	374	15	asymmetric	asymmetric	ADJ
ejpam-801	374	16	volatility	volatility	NOUN
ejpam-801	374	17	component	component	NOUN
ejpam-801	374	18	.	.	PUNCT
ejpam-801	375	1	if	if	SCONJ
ejpam-801	375	2	the	the	DET
ejpam-801	375	3	error	error	NOUN
ejpam-801	375	4	distribution	distribution	NOUN
ejpam-801	375	5	of	of	ADP
ejpam-801	375	6	the	the	DET
ejpam-801	375	7	garch	garch	NOUN
ejpam-801	375	8	model	model	NOUN
ejpam-801	375	9	is	be	AUX
ejpam-801	375	10	assumed	assume	VERB
ejpam-801	375	11	symmetric	symmetric	ADJ
ejpam-801	375	12	,	,	PUNCT
ejpam-801	375	13	which	which	PRON
ejpam-801	375	14	is	be	AUX
ejpam-801	375	15	a	a	DET
ejpam-801	375	16	reasonable	reasonable	ADJ
ejpam-801	375	17	assumption	assumption	NOUN
ejpam-801	375	18	,	,	PUNCT
ejpam-801	375	19	a	a	DET
ejpam-801	375	20	skewed	skewed	ADJ
ejpam-801	375	21	error	error	NOUN
ejpam-801	375	22	distribution	distribution	NOUN
ejpam-801	375	23	may	may	AUX
ejpam-801	375	24	be	be	AUX
ejpam-801	375	25	obtained	obtain	VERB
ejpam-801	375	26	for	for	ADP
ejpam-801	375	27	example	example	NOUN
ejpam-801	375	28	by	by	ADP
ejpam-801	375	29	introducing	introduce	VERB
ejpam-801	375	30	autoregressive	autoregressive	ADJ
ejpam-801	375	31	structure	structure	NOUN
ejpam-801	375	32	in	in	ADP
ejpam-801	375	33	the	the	DET
ejpam-801	375	34	conditional	conditional	ADJ
ejpam-801	375	35	mean	mean	NOUN
ejpam-801	375	36	;	;	PUNCT
ejpam-801	375	37	see	see	VERB
ejpam-801	375	38	[	[	X
ejpam-801	375	39	30	30	NUM
ejpam-801	375	40	]	]	PUNCT
ejpam-801	375	41	for	for	ADP
ejpam-801	375	42	discussion	discussion	NOUN
ejpam-801	375	43	.	.	PUNCT
ejpam-801	376	1	some	some	DET
ejpam-801	376	2	researchers	researcher	NOUN
ejpam-801	376	3	have	have	AUX
ejpam-801	376	4	instead	instead	ADV
ejpam-801	376	5	assumed	assume	VERB
ejpam-801	376	6	that	that	SCONJ
ejpam-801	376	7	the	the	DET
ejpam-801	376	8	distribution	distribution	NOUN
ejpam-801	376	9	of	of	ADP
ejpam-801	376	10	the	the	DET
ejpam-801	376	11	error	error	NOUN
ejpam-801	376	12	term	term	NOUN
ejpam-801	376	13	zt	zt	PROPN
ejpam-801	376	14	is	be	AUX
ejpam-801	376	15	skewed	skew	VERB
ejpam-801	376	16	,	,	PUNCT
ejpam-801	376	17	which	which	PRON
ejpam-801	376	18	also	also	ADV
ejpam-801	376	19	yields	yield	VERB
ejpam-801	376	20	conditional	conditional	ADJ
ejpam-801	376	21	skewness	skewness	NOUN
ejpam-801	376	22	.	.	PUNCT
ejpam-801	377	1	asymmetry	asymmetry	NOUN
ejpam-801	377	2	of	of	ADP
ejpam-801	377	3	the	the	DET
ejpam-801	377	4	error	error	NOUN
ejpam-801	377	5	distribution	distribution	NOUN
ejpam-801	377	6	is	be	AUX
ejpam-801	377	7	,	,	PUNCT
ejpam-801	377	8	however	however	ADV
ejpam-801	377	9	,	,	PUNCT
ejpam-801	377	10	an	an	DET
ejpam-801	377	11	unusual	unusual	ADJ
ejpam-801	377	12	assumption	assumption	NOUN
ejpam-801	377	13	,	,	PUNCT
ejpam-801	377	14	because	because	SCONJ
ejpam-801	377	15	typically	typically	ADV
ejpam-801	377	16	asymmetries	asymmetry	NOUN
ejpam-801	377	17	in	in	ADP
ejpam-801	377	18	the	the	DET
ejpam-801	377	19	marginal	marginal	ADJ
ejpam-801	377	20	distribution	distribution	NOUN
ejpam-801	377	21	of	of	ADP
ejpam-801	377	22	the	the	DET
ejpam-801	377	23	variable	variable	NOUN
ejpam-801	377	24	to	to	PART
ejpam-801	377	25	be	be	AUX
ejpam-801	377	26	modelled	model	VERB
ejpam-801	377	27	are	be	AUX
ejpam-801	377	28	parameterized	parameterized	ADJ
ejpam-801	377	29	and	and	CCONJ
ejpam-801	377	30	not	not	PART
ejpam-801	377	31	“	"	PUNCT
ejpam-801	377	32	explained”by	explained”by	NOUN
ejpam-801	377	33	the	the	DET
ejpam-801	377	34	error	error	NOUN
ejpam-801	377	35	distribution	distribution	NOUN
ejpam-801	377	36	.	.	PUNCT
ejpam-801	378	1	it	it	PRON
ejpam-801	378	2	may	may	AUX
ejpam-801	378	3	be	be	AUX
ejpam-801	378	4	argued	argue	VERB
ejpam-801	378	5	,	,	PUNCT
ejpam-801	378	6	however	however	ADV
ejpam-801	378	7	,	,	PUNCT
ejpam-801	378	8	that	that	SCONJ
ejpam-801	378	9	the	the	DET
ejpam-801	378	10	observed	observed	ADJ
ejpam-801	378	11	asymmetry	asymmetry	NOUN
ejpam-801	378	12	may	may	AUX
ejpam-801	378	13	often	often	ADV
ejpam-801	378	14	be	be	AUX
ejpam-801	378	15	due	due	ADJ
ejpam-801	378	16	to	to	ADP
ejpam-801	378	17	a	a	DET
ejpam-801	378	18	small	small	ADJ
ejpam-801	378	19	number	number	NOUN
ejpam-801	378	20	of	of	ADP
ejpam-801	378	21	outliers	outlier	NOUN
ejpam-801	378	22	,	,	PUNCT
ejpam-801	378	23	for	for	ADP
ejpam-801	378	24	discussion	discussion	NOUN
ejpam-801	378	25	and	and	CCONJ
ejpam-801	378	26	examples	example	NOUN
ejpam-801	378	27	see	see	VERB
ejpam-801	378	28	[	[	X
ejpam-801	378	29	34	34	NUM
ejpam-801	378	30	]	]	PUNCT
ejpam-801	378	31	and	and	CCONJ
ejpam-801	378	32	[	[	X
ejpam-801	378	33	1	1	NUM
ejpam-801	378	34	]	]	PUNCT
ejpam-801	378	35	.	.	PUNCT
ejpam-801	379	1	8	8	X
ejpam-801	379	2	.	.	PUNCT
ejpam-801	379	3	conclusions	conclusion	NOUN
ejpam-801	379	4	in	in	ADP
ejpam-801	379	5	this	this	DET
ejpam-801	379	6	paper	paper	NOUN
ejpam-801	379	7	we	we	PRON
ejpam-801	379	8	have	have	AUX
ejpam-801	379	9	shown	show	VERB
ejpam-801	379	10	that	that	SCONJ
ejpam-801	379	11	there	there	PRON
ejpam-801	379	12	exist	exist	VERB
ejpam-801	379	13	possibilities	possibility	NOUN
ejpam-801	379	14	of	of	ADP
ejpam-801	379	15	parameterizing	parameterize	VERB
ejpam-801	379	16	all	all	DET
ejpam-801	379	17	three	three	NUM
ejpam-801	379	18	models	model	NOUN
ejpam-801	379	19	in	in	ADP
ejpam-801	379	20	such	such	DET
ejpam-801	379	21	a	a	DET
ejpam-801	379	22	way	way	NOUN
ejpam-801	379	23	that	that	PRON
ejpam-801	379	24	they	they	PRON
ejpam-801	379	25	can	can	AUX
ejpam-801	379	26	accommodate	accommodate	VERB
ejpam-801	379	27	and	and	CCONJ
ejpam-801	379	28	explain	explain	VERB
ejpam-801	379	29	many	many	ADJ
ejpam-801	379	30	of	of	ADP
ejpam-801	379	31	the	the	DET
ejpam-801	379	32	stylized	stylize	VERB
ejpam-801	379	33	facts	fact	NOUN
ejpam-801	379	34	visible	visible	ADJ
ejpam-801	379	35	in	in	ADP
ejpam-801	379	36	the	the	DET
ejpam-801	379	37	data	datum	NOUN
ejpam-801	379	38	.	.	PUNCT
ejpam-801	380	1	even	even	ADV
ejpam-801	380	2	after	after	ADP
ejpam-801	380	3	excluding	exclude	VERB
ejpam-801	380	4	skewed	skewed	ADJ
ejpam-801	380	5	marginal	marginal	ADJ
ejpam-801	380	6	distributions	distribution	NOUN
ejpam-801	380	7	,	,	PUNCT
ejpam-801	380	8	some	some	PRON
ejpam-801	380	9	stylized	stylize	VERB
ejpam-801	380	10	facts	fact	NOUN
ejpam-801	380	11	may	may	AUX
ejpam-801	380	12	in	in	ADP
ejpam-801	380	13	certain	certain	ADJ
ejpam-801	380	14	cases	case	NOUN
ejpam-801	380	15	remain	remain	VERB
ejpam-801	380	16	unexplained	unexplained	ADJ
ejpam-801	380	17	.	.	PUNCT
ejpam-801	381	1	for	for	ADP
ejpam-801	381	2	example	example	NOUN
ejpam-801	381	3	,	,	PUNCT
ejpam-801	381	4	it	it	PRON
ejpam-801	381	5	appears	appear	VERB
ejpam-801	381	6	that	that	SCONJ
ejpam-801	381	7	the	the	DET
ejpam-801	381	8	standard	standard	ADJ
ejpam-801	381	9	garch(1,1	garch(1,1	NOUN
ejpam-801	381	10	)	)	PUNCT
ejpam-801	381	11	model	model	NOUN
ejpam-801	381	12	may	may	AUX
ejpam-801	381	13	not	not	PART
ejpam-801	381	14	particularly	particularly	ADV
ejpam-801	381	15	often	often	ADV
ejpam-801	381	16	generate	generate	VERB
ejpam-801	381	17	series	series	NOUN
ejpam-801	381	18	that	that	PRON
ejpam-801	381	19	display	display	VERB
ejpam-801	381	20	the	the	DET
ejpam-801	381	21	taylor	taylor	PROPN
ejpam-801	381	22	effect	effect	NOUN
ejpam-801	381	23	.	.	PUNCT
ejpam-801	382	1	this	this	PRON
ejpam-801	382	2	is	be	AUX
ejpam-801	382	3	due	due	ADJ
ejpam-801	382	4	to	to	ADP
ejpam-801	382	5	the	the	DET
ejpam-801	382	6	fact	fact	NOUN
ejpam-801	382	7	that	that	SCONJ
ejpam-801	382	8	this	this	DET
ejpam-801	382	9	model	model	NOUN
ejpam-801	382	10	does	do	AUX
ejpam-801	382	11	not	not	PART
ejpam-801	382	12	appear	appear	VERB
ejpam-801	382	13	to	to	PART
ejpam-801	382	14	satisfy	satisfy	VERB
ejpam-801	382	15	the	the	DET
ejpam-801	382	16	corresponding	corresponding	ADJ
ejpam-801	382	17	theoretical	theoretical	ADJ
ejpam-801	382	18	property	property	NOUN
ejpam-801	382	19	,	,	PUNCT
ejpam-801	382	20	the	the	DET
ejpam-801	382	21	taylor	taylor	PROPN
ejpam-801	382	22	property	property	NOUN
ejpam-801	382	23	.	.	PUNCT
ejpam-801	383	1	on	on	ADP
ejpam-801	383	2	the	the	DET
ejpam-801	383	3	contrary	contrary	NOUN
ejpam-801	383	4	,	,	PUNCT
ejpam-801	383	5	this	this	DET
ejpam-801	383	6	property	property	NOUN
ejpam-801	383	7	is	be	AUX
ejpam-801	383	8	approximately	approximately	ADV
ejpam-801	383	9	satisfied	satisfied	ADJ
ejpam-801	383	10	for	for	ADP
ejpam-801	383	11	a	a	DET
ejpam-801	383	12	relevant	relevant	ADJ
ejpam-801	383	13	subset	subset	NOUN
ejpam-801	383	14	of	of	ADP
ejpam-801	383	15	egarch(1,1	egarch(1,1	NOUN
ejpam-801	383	16	)	)	PUNCT
ejpam-801	383	17	and	and	CCONJ
ejpam-801	383	18	arsv(1	arsv(1	NOUN
ejpam-801	383	19	)	)	PUNCT
ejpam-801	383	20	models	model	NOUN
ejpam-801	383	21	and	and	CCONJ
ejpam-801	383	22	,	,	PUNCT
ejpam-801	383	23	albeit	albeit	SCONJ
ejpam-801	383	24	very	very	ADV
ejpam-801	383	25	narrowly	narrowly	ADV
ejpam-801	383	26	,	,	PUNCT
ejpam-801	383	27	for	for	ADP
ejpam-801	383	28	a	a	DET
ejpam-801	383	29	subset	subset	NOUN
ejpam-801	383	30	of	of	ADP
ejpam-801	383	31	absolute	absolute	ADV
ejpam-801	383	32	-	-	PUNCT
ejpam-801	383	33	valued	value	VERB
ejpam-801	383	34	garch	garch	NOUN
ejpam-801	383	35	models	model	NOUN
ejpam-801	383	36	.	.	PUNCT
ejpam-801	384	1	many	many	ADJ
ejpam-801	384	2	researchers	researcher	NOUN
ejpam-801	384	3	have	have	AUX
ejpam-801	384	4	observed	observe	VERB
ejpam-801	384	5	quite	quite	ADV
ejpam-801	384	6	early	early	ADV
ejpam-801	384	7	on	on	ADP
ejpam-801	384	8	that	that	PRON
ejpam-801	384	9	for	for	ADP
ejpam-801	384	10	garch	garch	NOUN
ejpam-801	384	11	models	model	NOUN
ejpam-801	384	12	,	,	PUNCT
ejpam-801	384	13	assuming	assume	VERB
ejpam-801	384	14	normal	normal	ADJ
ejpam-801	384	15	errors	error	NOUN
ejpam-801	384	16	is	be	AUX
ejpam-801	384	17	too	too	ADV
ejpam-801	384	18	strong	strong	ADJ
ejpam-801	384	19	a	a	DET
ejpam-801	384	20	restriction	restriction	NOUN
ejpam-801	384	21	,	,	PUNCT
ejpam-801	384	22	and	and	CCONJ
ejpam-801	384	23	they	they	PRON
ejpam-801	384	24	have	have	AUX
ejpam-801	384	25	suggested	suggest	VERB
ejpam-801	384	26	leptokurtic	leptokurtic	ADJ
ejpam-801	384	27	error	error	NOUN
ejpam-801	384	28	distributions	distribution	NOUN
ejpam-801	384	29	in	in	ADP
ejpam-801	384	30	their	their	PRON
ejpam-801	384	31	stead	stead	NOUN
ejpam-801	384	32	.	.	PUNCT
ejpam-801	385	1	the	the	DET
ejpam-801	385	2	results	result	NOUN
ejpam-801	385	3	in	in	ADP
ejpam-801	385	4	this	this	DET
ejpam-801	385	5	paper	paper	NOUN
ejpam-801	385	6	show	show	VERB
ejpam-801	385	7	how	how	SCONJ
ejpam-801	385	8	these	these	DET
ejpam-801	385	9	distributions	distribution	NOUN
ejpam-801	385	10	add	add	VERB
ejpam-801	385	11	to	to	ADP
ejpam-801	385	12	the	the	DET
ejpam-801	385	13	flexibility	flexibility	NOUN
ejpam-801	385	14	of	of	ADP
ejpam-801	385	15	the	the	DET
ejpam-801	385	16	garch	garch	NOUN
ejpam-801	385	17	model	model	NOUN
ejpam-801	385	18	and	and	CCONJ
ejpam-801	385	19	help	help	VERB
ejpam-801	385	20	the	the	DET
ejpam-801	385	21	model	model	NOUN
ejpam-801	385	22	to	to	PART
ejpam-801	385	23	reproduce	reproduce	VERB
ejpam-801	385	24	the	the	DET
ejpam-801	385	25	stylized	stylize	VERB
ejpam-801	385	26	fact	fact	NOUN
ejpam-801	385	27	of	of	ADP
ejpam-801	385	28	high	high	ADJ
ejpam-801	385	29	kurtosis	kurtosis	NOUN
ejpam-801	385	30	and	and	CCONJ
ejpam-801	385	31	relative	relative	ADJ
ejpam-801	385	32	low	low	ADJ
ejpam-801	385	33	autocorrelations	autocorrelation	NOUN
ejpam-801	385	34	of	of	ADP
ejpam-801	385	35	squared	square	VERB
ejpam-801	385	36	observations	observation	NOUN
ejpam-801	385	37	.	.	PUNCT
ejpam-801	386	1	it	it	PRON
ejpam-801	386	2	is	be	AUX
ejpam-801	386	3	also	also	ADV
ejpam-801	386	4	demonstrated	demonstrate	VERB
ejpam-801	386	5	that	that	SCONJ
ejpam-801	386	6	the	the	DET
ejpam-801	386	7	igarch	igarch	NOUN
ejpam-801	386	8	model	model	NOUN
ejpam-801	386	9	with	with	ADP
ejpam-801	386	10	normal	normal	ADJ
ejpam-801	386	11	errors	error	NOUN
ejpam-801	386	12	does	do	AUX
ejpam-801	386	13	not	not	PART
ejpam-801	386	14	rescue	rescue	VERB
ejpam-801	386	15	the	the	DET
ejpam-801	386	16	normality	normality	NOUN
ejpam-801	386	17	assumption	assumption	NOUN
ejpam-801	386	18	.	.	PUNCT
ejpam-801	387	1	as	as	ADP
ejpam-801	387	2	a	a	DET
ejpam-801	387	3	drawback	drawback	NOUN
ejpam-801	387	4	it	it	PRON
ejpam-801	387	5	may	may	AUX
ejpam-801	387	6	be	be	AUX
ejpam-801	387	7	noted	note	VERB
ejpam-801	387	8	that	that	SCONJ
ejpam-801	387	9	the	the	DET
ejpam-801	387	10	parameterization	parameterization	NOUN
ejpam-801	387	11	of	of	ADP
ejpam-801	387	12	the	the	DET
ejpam-801	387	13	first	first	ADJ
ejpam-801	387	14	-	-	PUNCT
ejpam-801	387	15	order	order	NOUN
ejpam-801	387	16	autoregressive	autoregressive	ADJ
ejpam-801	387	17	stochastic	stochastic	ADJ
ejpam-801	387	18	volatility	volatility	NOUN
ejpam-801	387	19	model	model	NOUN
ejpam-801	387	20	becomes	become	VERB
ejpam-801	387	21	very	very	ADV
ejpam-801	387	22	restrictive	restrictive	ADJ
ejpam-801	387	23	when	when	SCONJ
ejpam-801	387	24	the	the	DET
ejpam-801	387	25	amount	amount	NOUN
ejpam-801	387	26	of	of	ADP
ejpam-801	387	27	the	the	DET
ejpam-801	387	28	leptokurtosis	leptokurtosis	NOUN
ejpam-801	387	29	in	in	ADP
ejpam-801	387	30	the	the	DET
ejpam-801	387	31	error	error	NOUN
ejpam-801	387	32	distribution	distribution	NOUN
ejpam-801	387	33	increases	increase	NOUN
ejpam-801	387	34	,	,	PUNCT
ejpam-801	387	35	and	and	CCONJ
ejpam-801	387	36	the	the	DET
ejpam-801	387	37	model	model	NOUN
ejpam-801	387	38	therefore	therefore	ADV
ejpam-801	387	39	can	can	AUX
ejpam-801	387	40	not	not	PART
ejpam-801	387	41	accommodate	accommodate	VERB
ejpam-801	387	42	’	'	PUNCT
ejpam-801	387	43	easy	easy	ADJ
ejpam-801	387	44	’	'	PUNCT
ejpam-801	387	45	situations	situation	NOUN
ejpam-801	387	46	with	with	ADP
ejpam-801	387	47	relatively	relatively	ADV
ejpam-801	387	48	low	low	ADJ
ejpam-801	387	49	kurtosis	kurtosis	NOUN
ejpam-801	387	50	and	and	CCONJ
ejpam-801	387	51	high	high	ADJ
ejpam-801	387	52	autocorrelations	autocorrelation	NOUN
ejpam-801	387	53	of	of	ADP
ejpam-801	387	54	squared	square	VERB
ejpam-801	387	55	observations	observation	NOUN
ejpam-801	387	56	.	.	PUNCT
ejpam-801	388	1	the	the	DET
ejpam-801	388	2	paper	paper	NOUN
ejpam-801	388	3	contains	contain	VERB
ejpam-801	388	4	an	an	DET
ejpam-801	388	5	application	application	NOUN
ejpam-801	388	6	of	of	ADP
ejpam-801	388	7	a	a	DET
ejpam-801	388	8	novel	novel	ADJ
ejpam-801	388	9	method	method	NOUN
ejpam-801	388	10	of	of	ADP
ejpam-801	388	11	obtaining	obtain	VERB
ejpam-801	388	12	confidence	confidence	NOUN
ejpam-801	388	13	regions	region	NOUN
ejpam-801	388	14	for	for	ADP
ejpam-801	388	15	references	reference	NOUN
ejpam-801	388	16	458	458	NUM
ejpam-801	388	17	the	the	DET
ejpam-801	388	18	kurtosis	kurtosis	NOUN
ejpam-801	388	19	-	-	PUNCT
ejpam-801	388	20	autocorrelation	autocorrelation	NOUN
ejpam-801	388	21	combinations	combination	NOUN
ejpam-801	388	22	.	.	PUNCT
ejpam-801	389	1	the	the	DET
ejpam-801	389	2	brief	brief	ADJ
ejpam-801	389	3	application	application	NOUN
ejpam-801	389	4	of	of	ADP
ejpam-801	389	5	this	this	DET
ejpam-801	389	6	method	method	NOUN
ejpam-801	389	7	to	to	ADP
ejpam-801	389	8	stock	stock	NOUN
ejpam-801	389	9	returns	return	NOUN
ejpam-801	389	10	indicates	indicate	VERB
ejpam-801	389	11	,	,	PUNCT
ejpam-801	389	12	not	not	PART
ejpam-801	389	13	surprisingly	surprisingly	ADV
ejpam-801	389	14	,	,	PUNCT
ejpam-801	389	15	that	that	SCONJ
ejpam-801	389	16	when	when	SCONJ
ejpam-801	389	17	normality	normality	NOUN
ejpam-801	389	18	of	of	ADP
ejpam-801	389	19	errors	error	NOUN
ejpam-801	389	20	is	be	AUX
ejpam-801	389	21	assumed	assume	VERB
ejpam-801	389	22	,	,	PUNCT
ejpam-801	389	23	the	the	DET
ejpam-801	389	24	garch	garch	NOUN
ejpam-801	389	25	model	model	NOUN
ejpam-801	389	26	as	as	ADV
ejpam-801	389	27	well	well	ADV
ejpam-801	389	28	as	as	ADP
ejpam-801	389	29	the	the	DET
ejpam-801	389	30	egarch	egarch	NOUN
ejpam-801	389	31	model	model	NOUN
ejpam-801	389	32	are	be	AUX
ejpam-801	389	33	at	at	ADP
ejpam-801	389	34	their	their	PRON
ejpam-801	389	35	best	good	ADJ
ejpam-801	389	36	when	when	SCONJ
ejpam-801	389	37	it	it	PRON
ejpam-801	389	38	comes	come	VERB
ejpam-801	389	39	to	to	ADP
ejpam-801	389	40	characterizing	characterize	VERB
ejpam-801	389	41	models	model	NOUN
ejpam-801	389	42	based	base	VERB
ejpam-801	389	43	on	on	ADP
ejpam-801	389	44	time	time	NOUN
ejpam-801	389	45	series	series	NOUN
ejpam-801	389	46	with	with	ADP
ejpam-801	389	47	relatively	relatively	ADV
ejpam-801	389	48	low	low	ADJ
ejpam-801	389	49	kurtosis	kurtosis	NOUN
ejpam-801	389	50	and	and	CCONJ
ejpam-801	389	51	high	high	ADJ
ejpam-801	389	52	first	first	ADJ
ejpam-801	389	53	-	-	PUNCT
ejpam-801	389	54	order	order	NOUN
ejpam-801	389	55	autocorrelation	autocorrelation	NOUN
ejpam-801	389	56	of	of	ADP
ejpam-801	389	57	squares	square	NOUN
ejpam-801	389	58	.	.	PUNCT
ejpam-801	390	1	time	time	NOUN
ejpam-801	390	2	series	series	PROPN
ejpam-801	390	3	displaying	display	VERB
ejpam-801	390	4	a	a	DET
ejpam-801	390	5	combination	combination	NOUN
ejpam-801	390	6	of	of	ADP
ejpam-801	390	7	high	high	ADJ
ejpam-801	390	8	kurtosis	kurtosis	NOUN
ejpam-801	390	9	and	and	CCONJ
ejpam-801	390	10	high	high	ADJ
ejpam-801	390	11	autocorrelation	autocorrelation	NOUN
ejpam-801	390	12	are	be	AUX
ejpam-801	390	13	better	well	ADV
ejpam-801	390	14	modelled	model	VERB
ejpam-801	390	15	using	use	VERB
ejpam-801	390	16	an	an	DET
ejpam-801	390	17	arsv(1	arsv(1	NOUN
ejpam-801	390	18	)	)	PUNCT
ejpam-801	390	19	model	model	NOUN
ejpam-801	390	20	.	.	PUNCT
ejpam-801	391	1	while	while	SCONJ
ejpam-801	391	2	this	this	DET
ejpam-801	391	3	observation	observation	NOUN
ejpam-801	391	4	may	may	AUX
ejpam-801	391	5	serve	serve	VERB
ejpam-801	391	6	as	as	ADP
ejpam-801	391	7	a	a	DET
ejpam-801	391	8	rough	rough	ADJ
ejpam-801	391	9	guide	guide	NOUN
ejpam-801	391	10	when	when	SCONJ
ejpam-801	391	11	one	one	PRON
ejpam-801	391	12	wants	want	VERB
ejpam-801	391	13	to	to	PART
ejpam-801	391	14	select	select	VERB
ejpam-801	391	15	one	one	NUM
ejpam-801	391	16	of	of	ADP
ejpam-801	391	17	these	these	DET
ejpam-801	391	18	models	model	NOUN
ejpam-801	391	19	,	,	PUNCT
ejpam-801	391	20	nonnested	nonneste	VERB
ejpam-801	391	21	tests	test	NOUN
ejpam-801	391	22	are	be	AUX
ejpam-801	391	23	also	also	ADV
ejpam-801	391	24	available	available	ADJ
ejpam-801	391	25	for	for	ADP
ejpam-801	391	26	comparing	compare	VERB
ejpam-801	391	27	them	they	PRON
ejpam-801	391	28	.	.	PUNCT
ejpam-801	392	1	examples	example	NOUN
ejpam-801	392	2	of	of	ADP
ejpam-801	392	3	such	such	ADJ
ejpam-801	392	4	tests	test	NOUN
ejpam-801	392	5	have	have	AUX
ejpam-801	392	6	already	already	ADV
ejpam-801	392	7	been	be	AUX
ejpam-801	392	8	mentioned	mention	VERB
ejpam-801	392	9	in	in	ADP
ejpam-801	392	10	the	the	DET
ejpam-801	392	11	introduction	introduction	NOUN
ejpam-801	392	12	.	.	PUNCT
ejpam-801	393	1	another	another	DET
ejpam-801	393	2	observation	observation	NOUN
ejpam-801	393	3	that	that	PRON
ejpam-801	393	4	emerges	emerge	VERB
ejpam-801	393	5	from	from	ADP
ejpam-801	393	6	the	the	DET
ejpam-801	393	7	empirical	empirical	ADJ
ejpam-801	393	8	example	example	NOUN
ejpam-801	393	9	is	be	AUX
ejpam-801	393	10	that	that	SCONJ
ejpam-801	393	11	the	the	DET
ejpam-801	393	12	estimated	estimate	VERB
ejpam-801	393	13	kurtosisautocorrelation	kurtosisautocorrelation	NOUN
ejpam-801	393	14	combination	combination	NOUN
ejpam-801	393	15	is	be	AUX
ejpam-801	393	16	often	often	ADV
ejpam-801	393	17	an	an	DET
ejpam-801	393	18	underestimate	underestimate	ADJ
ejpam-801	393	19	compared	compare	VERB
ejpam-801	393	20	to	to	ADP
ejpam-801	393	21	the	the	DET
ejpam-801	393	22	one	one	NOUN
ejpam-801	393	23	estimated	estimate	VERB
ejpam-801	393	24	nonparametrically	nonparametrically	ADV
ejpam-801	393	25	from	from	ADP
ejpam-801	393	26	the	the	DET
ejpam-801	393	27	data	datum	NOUN
ejpam-801	393	28	.	.	PUNCT
ejpam-801	394	1	this	this	PRON
ejpam-801	394	2	is	be	AUX
ejpam-801	394	3	the	the	DET
ejpam-801	394	4	case	case	NOUN
ejpam-801	394	5	when	when	SCONJ
ejpam-801	394	6	the	the	DET
ejpam-801	394	7	kurtosis	kurtosis	NOUN
ejpam-801	394	8	is	be	AUX
ejpam-801	394	9	high	high	ADJ
ejpam-801	394	10	and	and	CCONJ
ejpam-801	394	11	the	the	DET
ejpam-801	394	12	errors	error	NOUN
ejpam-801	394	13	are	be	AUX
ejpam-801	394	14	normal	normal	ADJ
ejpam-801	394	15	.	.	PUNCT
ejpam-801	395	1	this	this	DET
ejpam-801	395	2	fact	fact	NOUN
ejpam-801	395	3	may	may	AUX
ejpam-801	395	4	be	be	AUX
ejpam-801	395	5	interpreted	interpret	VERB
ejpam-801	395	6	as	as	ADP
ejpam-801	395	7	support	support	NOUN
ejpam-801	395	8	to	to	ADP
ejpam-801	395	9	the	the	DET
ejpam-801	395	10	notion	notion	NOUN
ejpam-801	395	11	that	that	SCONJ
ejpam-801	395	12	a	a	DET
ejpam-801	395	13	leptokurtic	leptokurtic	ADJ
ejpam-801	395	14	error	error	NOUN
ejpam-801	395	15	distribution	distribution	NOUN
ejpam-801	395	16	is	be	AUX
ejpam-801	395	17	a	a	DET
ejpam-801	395	18	necessity	necessity	NOUN
ejpam-801	395	19	when	when	SCONJ
ejpam-801	395	20	using	use	VERB
ejpam-801	395	21	garch	garch	NOUN
ejpam-801	395	22	models	model	NOUN
ejpam-801	395	23	.	.	PUNCT
ejpam-801	396	1	this	this	DET
ejpam-801	396	2	idea	idea	NOUN
ejpam-801	396	3	is	be	AUX
ejpam-801	396	4	contradicted	contradict	VERB
ejpam-801	396	5	,	,	PUNCT
ejpam-801	396	6	however	however	ADV
ejpam-801	396	7	,	,	PUNCT
ejpam-801	396	8	by	by	ADP
ejpam-801	396	9	the	the	DET
ejpam-801	396	10	fact	fact	NOUN
ejpam-801	396	11	that	that	SCONJ
ejpam-801	396	12	assuming	assume	VERB
ejpam-801	396	13	a	a	DET
ejpam-801	396	14	t	t	NOUN
ejpam-801	396	15	-	-	PUNCT
ejpam-801	396	16	distribution	distribution	NOUN
ejpam-801	396	17	for	for	ADP
ejpam-801	396	18	the	the	DET
ejpam-801	396	19	errors	error	NOUN
ejpam-801	396	20	may	may	AUX
ejpam-801	396	21	at	at	ADP
ejpam-801	396	22	least	least	ADJ
ejpam-801	396	23	in	in	ADP
ejpam-801	396	24	some	some	DET
ejpam-801	396	25	cases	case	NOUN
ejpam-801	396	26	lead	lead	VERB
ejpam-801	396	27	to	to	ADP
ejpam-801	396	28	a	a	DET
ejpam-801	396	29	large	large	ADJ
ejpam-801	396	30	discrepancy	discrepancy	NOUN
ejpam-801	396	31	in	in	ADP
ejpam-801	396	32	the	the	DET
ejpam-801	396	33	opposite	opposite	ADJ
ejpam-801	396	34	direction	direction	NOUN
ejpam-801	396	35	between	between	ADP
ejpam-801	396	36	the	the	DET
ejpam-801	396	37	plug	plug	VERB
ejpam-801	396	38	-	-	PUNCT
ejpam-801	396	39	in	in	ADP
ejpam-801	396	40	estimate	estimate	NOUN
ejpam-801	396	41	of	of	ADP
ejpam-801	396	42	the	the	DET
ejpam-801	396	43	kurtosis	kurtosis	NOUN
ejpam-801	396	44	and	and	CCONJ
ejpam-801	396	45	the	the	DET
ejpam-801	396	46	nonparametric	nonparametric	NOUN
ejpam-801	396	47	estimate	estimate	NOUN
ejpam-801	396	48	.	.	PUNCT
ejpam-801	397	1	these	these	DET
ejpam-801	397	2	results	result	NOUN
ejpam-801	397	3	may	may	AUX
ejpam-801	397	4	suggest	suggest	VERB
ejpam-801	397	5	that	that	SCONJ
ejpam-801	397	6	daily	daily	ADJ
ejpam-801	397	7	return	return	NOUN
ejpam-801	397	8	series	series	NOUN
ejpam-801	397	9	in	in	ADP
ejpam-801	397	10	fact	fact	NOUN
ejpam-801	397	11	contain	contain	VERB
ejpam-801	397	12	truly	truly	ADV
ejpam-801	397	13	exceptional	exceptional	ADJ
ejpam-801	397	14	observations	observation	NOUN
ejpam-801	397	15	in	in	ADP
ejpam-801	397	16	the	the	DET
ejpam-801	397	17	sense	sense	NOUN
ejpam-801	397	18	that	that	SCONJ
ejpam-801	397	19	they	they	PRON
ejpam-801	397	20	can	can	AUX
ejpam-801	397	21	not	not	PART
ejpam-801	397	22	be	be	AUX
ejpam-801	397	23	satisfactorily	satisfactorily	ADV
ejpam-801	397	24	explained	explain	VERB
ejpam-801	397	25	by	by	ADP
ejpam-801	397	26	the	the	DET
ejpam-801	397	27	members	member	NOUN
ejpam-801	397	28	of	of	ADP
ejpam-801	397	29	the	the	DET
ejpam-801	397	30	standard	standard	ADJ
ejpam-801	397	31	garch	garch	NOUN
ejpam-801	397	32	or	or	CCONJ
ejpam-801	397	33	egarch	egarch	NOUN
ejpam-801	397	34	family	family	NOUN
ejpam-801	397	35	of	of	ADP
ejpam-801	397	36	models	model	NOUN
ejpam-801	397	37	.	.	PUNCT
ejpam-801	398	1	this	this	DET
ejpam-801	398	2	argument	argument	NOUN
ejpam-801	398	3	receives	receive	VERB
ejpam-801	398	4	a	a	DET
ejpam-801	398	5	certain	certain	ADJ
ejpam-801	398	6	amount	amount	NOUN
ejpam-801	398	7	of	of	ADP
ejpam-801	398	8	support	support	NOUN
ejpam-801	398	9	from	from	ADP
ejpam-801	398	10	[	[	X
ejpam-801	398	11	34	34	NUM
ejpam-801	398	12	]	]	PUNCT
ejpam-801	398	13	who	who	PRON
ejpam-801	398	14	investigated	investigate	VERB
ejpam-801	398	15	robust	robust	ADJ
ejpam-801	398	16	estimation	estimation	NOUN
ejpam-801	398	17	of	of	ADP
ejpam-801	398	18	skewness	skewness	NOUN
ejpam-801	398	19	and	and	CCONJ
ejpam-801	398	20	kurtosis	kurtosis	NOUN
ejpam-801	398	21	of	of	ADP
ejpam-801	398	22	return	return	NOUN
ejpam-801	398	23	series	series	NOUN
ejpam-801	398	24	.	.	PUNCT
ejpam-801	399	1	it	it	PRON
ejpam-801	399	2	turned	turn	VERB
ejpam-801	399	3	out	out	ADP
ejpam-801	399	4	that	that	SCONJ
ejpam-801	399	5	robust	robust	ADJ
ejpam-801	399	6	estimates	estimate	NOUN
ejpam-801	399	7	were	be	AUX
ejpam-801	399	8	much	much	ADV
ejpam-801	399	9	less	less	ADV
ejpam-801	399	10	extreme	extreme	ADJ
ejpam-801	399	11	than	than	ADP
ejpam-801	399	12	the	the	DET
ejpam-801	399	13	standard	standard	ADJ
ejpam-801	399	14	ones	one	NOUN
ejpam-801	399	15	,	,	PUNCT
ejpam-801	399	16	and	and	CCONJ
ejpam-801	399	17	removing	remove	VERB
ejpam-801	399	18	a	a	DET
ejpam-801	399	19	small	small	ADJ
ejpam-801	399	20	number	number	NOUN
ejpam-801	399	21	of	of	ADP
ejpam-801	399	22	outliers	outlier	NOUN
ejpam-801	399	23	from	from	ADP
ejpam-801	399	24	the	the	DET
ejpam-801	399	25	series	series	NOUN
ejpam-801	399	26	considerably	considerably	ADV
ejpam-801	399	27	lowered	lower	VERB
ejpam-801	399	28	the	the	DET
ejpam-801	399	29	standard	standard	ADJ
ejpam-801	399	30	kurtosis	kurtosis	NOUN
ejpam-801	399	31	estimates	estimate	NOUN
ejpam-801	399	32	.	.	PUNCT
ejpam-801	400	1	considering	consider	VERB
ejpam-801	400	2	the	the	DET
ejpam-801	400	3	kurtosisautocorrelation	kurtosisautocorrelation	NOUN
ejpam-801	400	4	combinations	combination	NOUN
ejpam-801	400	5	using	use	VERB
ejpam-801	400	6	robust	robust	ADJ
ejpam-801	400	7	measures	measure	NOUN
ejpam-801	400	8	of	of	ADP
ejpam-801	400	9	kurtosis	kurtosis	NOUN
ejpam-801	400	10	and	and	CCONJ
ejpam-801	400	11	autocorrelation	autocorrelation	NOUN
ejpam-801	400	12	may	may	AUX
ejpam-801	400	13	therefore	therefore	ADV
ejpam-801	400	14	be	be	AUX
ejpam-801	400	15	a	a	DET
ejpam-801	400	16	useful	useful	ADJ
ejpam-801	400	17	addition	addition	NOUN
ejpam-801	400	18	to	to	ADP
ejpam-801	400	19	the	the	DET
ejpam-801	400	20	analysis	analysis	NOUN
ejpam-801	400	21	of	of	ADP
ejpam-801	400	22	stylized	stylize	VERB
ejpam-801	400	23	facts	fact	NOUN
ejpam-801	400	24	.	.	PUNCT
ejpam-801	401	1	[	[	X
ejpam-801	401	2	54	54	NUM
ejpam-801	401	3	]	]	PUNCT
ejpam-801	401	4	have	have	AUX
ejpam-801	401	5	recently	recently	ADV
ejpam-801	401	6	carried	carry	VERB
ejpam-801	401	7	out	out	ADP
ejpam-801	401	8	work	work	NOUN
ejpam-801	401	9	in	in	ADP
ejpam-801	401	10	this	this	DET
ejpam-801	401	11	direction	direction	NOUN
ejpam-801	401	12	.	.	PUNCT
ejpam-801	402	1	the	the	DET
ejpam-801	402	2	present	present	ADJ
ejpam-801	402	3	investigation	investigation	NOUN
ejpam-801	402	4	is	be	AUX
ejpam-801	402	5	only	only	ADV
ejpam-801	402	6	concerned	concerned	ADJ
ejpam-801	402	7	with	with	ADP
ejpam-801	402	8	first	first	ADJ
ejpam-801	402	9	-	-	PUNCT
ejpam-801	402	10	order	order	NOUN
ejpam-801	402	11	models	model	NOUN
ejpam-801	402	12	,	,	PUNCT
ejpam-801	402	13	and	and	CCONJ
ejpam-801	402	14	a	a	DET
ejpam-801	402	15	legitimate	legitimate	ADJ
ejpam-801	402	16	question	question	NOUN
ejpam-801	402	17	is	be	AUX
ejpam-801	402	18	whether	whether	SCONJ
ejpam-801	402	19	adding	add	VERB
ejpam-801	402	20	more	more	ADJ
ejpam-801	402	21	lags	lag	NOUN
ejpam-801	402	22	would	would	AUX
ejpam-801	402	23	enhance	enhance	VERB
ejpam-801	402	24	the	the	DET
ejpam-801	402	25	flexibility	flexibility	NOUN
ejpam-801	402	26	of	of	ADP
ejpam-801	402	27	the	the	DET
ejpam-801	402	28	models	model	NOUN
ejpam-801	402	29	.	.	PUNCT
ejpam-801	403	1	such	such	ADJ
ejpam-801	403	2	additions	addition	NOUN
ejpam-801	403	3	would	would	AUX
ejpam-801	403	4	certainly	certainly	ADV
ejpam-801	403	5	help	help	VERB
ejpam-801	403	6	to	to	PART
ejpam-801	403	7	generate	generate	VERB
ejpam-801	403	8	and	and	CCONJ
ejpam-801	403	9	reproduce	reproduce	VERB
ejpam-801	403	10	more	more	ADV
ejpam-801	403	11	elaborate	elaborate	ADJ
ejpam-801	403	12	autocorrelation	autocorrelation	NOUN
ejpam-801	403	13	patterns	pattern	NOUN
ejpam-801	403	14	for	for	ADP
ejpam-801	403	15	the	the	DET
ejpam-801	403	16	squared	square	VERB
ejpam-801	403	17	observations	observation	NOUN
ejpam-801	403	18	than	than	SCONJ
ejpam-801	403	19	is	be	AUX
ejpam-801	403	20	the	the	DET
ejpam-801	403	21	case	case	NOUN
ejpam-801	403	22	with	with	ADP
ejpam-801	403	23	first	first	ADJ
ejpam-801	403	24	-	-	PUNCT
ejpam-801	403	25	order	order	NOUN
ejpam-801	403	26	models	model	NOUN
ejpam-801	403	27	.	.	PUNCT
ejpam-801	404	1	it	it	PRON
ejpam-801	404	2	is	be	AUX
ejpam-801	404	3	far	far	ADV
ejpam-801	404	4	from	from	ADP
ejpam-801	404	5	certain	certain	ADJ
ejpam-801	404	6	,	,	PUNCT
ejpam-801	404	7	however	however	ADV
ejpam-801	404	8	,	,	PUNCT
ejpam-801	404	9	that	that	SCONJ
ejpam-801	404	10	they	they	PRON
ejpam-801	404	11	would	would	AUX
ejpam-801	404	12	also	also	ADV
ejpam-801	404	13	improve	improve	VERB
ejpam-801	404	14	reproduction	reproduction	NOUN
ejpam-801	404	15	of	of	ADP
ejpam-801	404	16	the	the	DET
ejpam-801	404	17	stylized	stylize	VERB
ejpam-801	404	18	facts	fact	NOUN
ejpam-801	404	19	considered	consider	VERB
ejpam-801	404	20	in	in	ADP
ejpam-801	404	21	this	this	DET
ejpam-801	404	22	study	study	NOUN
ejpam-801	404	23	.	.	PUNCT
ejpam-801	405	1	acknowledgements	acknowledgement	NOUN
ejpam-801	405	2	this	this	DET
ejpam-801	405	3	research	research	NOUN
ejpam-801	405	4	has	have	AUX
ejpam-801	405	5	been	be	AUX
ejpam-801	405	6	supported	support	VERB
ejpam-801	405	7	by	by	ADP
ejpam-801	405	8	the	the	DET
ejpam-801	405	9	swedish	swedish	PROPN
ejpam-801	405	10	council	council	PROPN
ejpam-801	405	11	for	for	ADP
ejpam-801	405	12	research	research	NOUN
ejpam-801	405	13	in	in	ADP
ejpam-801	405	14	the	the	DET
ejpam-801	405	15	humanities	humanity	NOUN
ejpam-801	405	16	and	and	CCONJ
ejpam-801	405	17	social	social	ADJ
ejpam-801	405	18	sciences	science	NOUN
ejpam-801	405	19	and	and	CCONJ
ejpam-801	405	20	the	the	DET
ejpam-801	405	21	danish	danish	PROPN
ejpam-801	405	22	national	national	PROPN
ejpam-801	405	23	research	research	PROPN
ejpam-801	405	24	foundation	foundation	PROPN
ejpam-801	405	25	.	.	PUNCT
ejpam-801	406	1	a	a	DET
ejpam-801	406	2	considerable	considerable	ADJ
ejpam-801	406	3	part	part	NOUN
ejpam-801	406	4	of	of	ADP
ejpam-801	406	5	the	the	DET
ejpam-801	406	6	work	work	NOUN
ejpam-801	406	7	was	be	AUX
ejpam-801	406	8	done	do	VERB
ejpam-801	406	9	while	while	SCONJ
ejpam-801	406	10	both	both	DET
ejpam-801	406	11	authors	author	NOUN
ejpam-801	406	12	were	be	AUX
ejpam-801	406	13	with	with	ADP
ejpam-801	406	14	the	the	DET
ejpam-801	406	15	department	department	NOUN
ejpam-801	406	16	of	of	ADP
ejpam-801	406	17	economic	economic	ADJ
ejpam-801	406	18	statistics	statistic	NOUN
ejpam-801	406	19	,	,	PUNCT
ejpam-801	406	20	stockholm	stockholm	PROPN
ejpam-801	406	21	school	school	NOUN
ejpam-801	406	22	of	of	ADP
ejpam-801	406	23	economics	economic	NOUN
ejpam-801	406	24	.	.	PUNCT
ejpam-801	407	1	references	reference	NOUN
ejpam-801	407	2	[	[	X
ejpam-801	407	3	1	1	NUM
ejpam-801	407	4	]	]	PUNCT
ejpam-801	407	5	cristina	cristina	PROPN
ejpam-801	407	6	amado	amado	PROPN
ejpam-801	407	7	and	and	CCONJ
ejpam-801	407	8	timo	timo	PROPN
ejpam-801	407	9	teräsvirta	teräsvirta	PROPN
ejpam-801	407	10	.	.	PUNCT
ejpam-801	408	1	modelling	model	VERB
ejpam-801	408	2	conditional	conditional	ADJ
ejpam-801	408	3	and	and	CCONJ
ejpam-801	408	4	unconditional	unconditional	ADJ
ejpam-801	408	5	heteroskedasticity	heteroskedasticity	NOUN
ejpam-801	408	6	with	with	ADP
ejpam-801	408	7	smoothly	smoothly	ADV
ejpam-801	408	8	time	time	NOUN
ejpam-801	408	9	-	-	PUNCT
ejpam-801	408	10	varying	vary	VERB
ejpam-801	408	11	structure	structure	NOUN
ejpam-801	408	12	.	.	PUNCT
ejpam-801	409	1	sse	sse	PROPN
ejpam-801	409	2	/	/	SYM
ejpam-801	409	3	efi	efi	PROPN
ejpam-801	409	4	working	working	PROPN
ejpam-801	409	5	paper	paper	NOUN
ejpam-801	409	6	series	series	NOUN
ejpam-801	409	7	in	in	ADP
ejpam-801	409	8	economics	economic	NOUN
ejpam-801	409	9	and	and	CCONJ
ejpam-801	409	10	finance	finance	NOUN
ejpam-801	409	11	691	691	NUM
ejpam-801	409	12	,	,	PUNCT
ejpam-801	409	13	stockholm	stockholm	PROPN
ejpam-801	409	14	school	school	NOUN
ejpam-801	409	15	of	of	ADP
ejpam-801	409	16	economics	economic	NOUN
ejpam-801	409	17	,	,	PUNCT
ejpam-801	409	18	2008	2008	NUM
ejpam-801	409	19	.	.	PUNCT
ejpam-801	410	1	references	reference	NOUN
ejpam-801	410	2	459	459	NUM
ejpam-801	411	1	[	[	X
ejpam-801	411	2	2	2	NUM
ejpam-801	411	3	]	]	PUNCT
ejpam-801	411	4	j	j	PROPN
ejpam-801	411	5	andersson	andersson	PROPN
ejpam-801	411	6	.	.	PUNCT
ejpam-801	412	1	on	on	ADP
ejpam-801	412	2	the	the	DET
ejpam-801	412	3	normal	normal	ADJ
ejpam-801	412	4	inverse	inverse	NOUN
ejpam-801	412	5	gaussian	gaussian	NOUN
ejpam-801	412	6	stochastic	stochastic	ADJ
ejpam-801	412	7	volatility	volatility	NOUN
ejpam-801	412	8	model	model	NOUN
ejpam-801	412	9	.	.	PUNCT
ejpam-801	413	1	journal	journal	PROPN
ejpam-801	413	2	of	of	ADP
ejpam-801	413	3	business	business	PROPN
ejpam-801	413	4	economic	economic	ADJ
ejpam-801	413	5	statistics	statistic	NOUN
ejpam-801	413	6	,	,	PUNCT
ejpam-801	413	7	19:44–54	19:44–54	NUM
ejpam-801	413	8	,	,	PUNCT
ejpam-801	413	9	2001	2001	NUM
ejpam-801	413	10	.	.	PUNCT
ejpam-801	414	1	[	[	X
ejpam-801	414	2	3	3	X
ejpam-801	414	3	]	]	X
ejpam-801	414	4	x	x	PART
ejpam-801	414	5	bai	bai	PROPN
ejpam-801	414	6	,	,	PUNCT
ejpam-801	414	7	j	j	PROPN
ejpam-801	414	8	r	r	PROPN
ejpam-801	414	9	russell	russell	PROPN
ejpam-801	414	10	,	,	PUNCT
ejpam-801	414	11	and	and	CCONJ
ejpam-801	414	12	g	g	PROPN
ejpam-801	414	13	c	c	PROPN
ejpam-801	414	14	tiao	tiao	NOUN
ejpam-801	414	15	.	.	PUNCT
ejpam-801	415	1	kurtosis	kurtosis	NOUN
ejpam-801	415	2	of	of	ADP
ejpam-801	415	3	garch	garch	NOUN
ejpam-801	415	4	and	and	CCONJ
ejpam-801	415	5	stochastic	stochastic	ADJ
ejpam-801	415	6	volatility	volatility	NOUN
ejpam-801	415	7	models	model	NOUN
ejpam-801	415	8	with	with	ADP
ejpam-801	415	9	non	non	ADJ
ejpam-801	415	10	-	-	ADJ
ejpam-801	415	11	normal	normal	ADJ
ejpam-801	415	12	innovations	innovation	NOUN
ejpam-801	415	13	.	.	PUNCT
ejpam-801	416	1	journal	journal	NOUN
ejpam-801	416	2	of	of	ADP
ejpam-801	416	3	econometrics	econometric	NOUN
ejpam-801	416	4	,	,	PUNCT
ejpam-801	416	5	114:349–360	114:349–360	NUM
ejpam-801	416	6	,	,	PUNCT
ejpam-801	416	7	2003	2003	NUM
ejpam-801	416	8	.	.	PUNCT
ejpam-801	417	1	[	[	X
ejpam-801	417	2	4	4	NUM
ejpam-801	417	3	]	]	SYM
ejpam-801	417	4	r	r	NOUN
ejpam-801	417	5	t	t	PROPN
ejpam-801	417	6	baillie	baillie	PROPN
ejpam-801	417	7	,	,	PUNCT
ejpam-801	417	8	t	t	PROPN
ejpam-801	417	9	bollerslev	bollerslev	NOUN
ejpam-801	417	10	,	,	PUNCT
ejpam-801	417	11	and	and	CCONJ
ejpam-801	417	12	h	h	NOUN
ejpam-801	417	13	-	-	PUNCT
ejpam-801	417	14	o	o	NOUN
ejpam-801	417	15	mikkelsen	mikkelsen	NOUN
ejpam-801	417	16	.	.	PUNCT
ejpam-801	418	1	fractionally	fractionally	ADV
ejpam-801	418	2	integrated	integrate	VERB
ejpam-801	418	3	generalized	generalized	ADJ
ejpam-801	418	4	autoregressive	autoregressive	ADJ
ejpam-801	418	5	conditional	conditional	ADJ
ejpam-801	418	6	heteroskedasticity	heteroskedasticity	NOUN
ejpam-801	418	7	.	.	PUNCT
ejpam-801	419	1	journal	journal	PROPN
ejpam-801	419	2	of	of	ADP
ejpam-801	419	3	econometrics	econometric	NOUN
ejpam-801	419	4	,	,	PUNCT
ejpam-801	419	5	74:3–30	74:3–30	NUM
ejpam-801	419	6	,	,	PUNCT
ejpam-801	419	7	1996	1996	NUM
ejpam-801	419	8	.	.	PUNCT
ejpam-801	420	1	[	[	X
ejpam-801	420	2	5	5	NUM
ejpam-801	420	3	]	]	X
ejpam-801	420	4	richard	richard	PROPN
ejpam-801	420	5	t.	t.	PROPN
ejpam-801	420	6	baillie	baillie	PROPN
ejpam-801	420	7	and	and	CCONJ
ejpam-801	420	8	claudio	claudio	ADJ
ejpam-801	420	9	morana	morana	NOUN
ejpam-801	420	10	.	.	PUNCT
ejpam-801	421	1	modeling	model	VERB
ejpam-801	421	2	long	long	ADJ
ejpam-801	421	3	memory	memory	NOUN
ejpam-801	421	4	and	and	CCONJ
ejpam-801	421	5	structural	structural	ADJ
ejpam-801	421	6	breaks	break	NOUN
ejpam-801	421	7	in	in	ADP
ejpam-801	421	8	conditional	conditional	ADJ
ejpam-801	421	9	variances	variance	NOUN
ejpam-801	421	10	:	:	PUNCT
ejpam-801	421	11	an	an	DET
ejpam-801	421	12	adaptive	adaptive	ADJ
ejpam-801	421	13	figarch	figarch	NOUN
ejpam-801	421	14	approach	approach	NOUN
ejpam-801	421	15	.	.	PUNCT
ejpam-801	422	1	journal	journal	NOUN
ejpam-801	422	2	of	of	ADP
ejpam-801	422	3	economic	economic	ADJ
ejpam-801	422	4	dynamics	dynamic	NOUN
ejpam-801	422	5	and	and	CCONJ
ejpam-801	422	6	control	control	NOUN
ejpam-801	422	7	,	,	PUNCT
ejpam-801	422	8	33:1577–1592	33:1577–1592	NUM
ejpam-801	422	9	,	,	PUNCT
ejpam-801	422	10	2009	2009	NUM
ejpam-801	422	11	.	.	PUNCT
ejpam-801	423	1	[	[	X
ejpam-801	423	2	6	6	NUM
ejpam-801	423	3	]	]	PUNCT
ejpam-801	423	4	t	t	X
ejpam-801	423	5	bollerslev	bollerslev	NOUN
ejpam-801	423	6	.	.	PUNCT
ejpam-801	424	1	on	on	ADP
ejpam-801	424	2	the	the	DET
ejpam-801	424	3	correlation	correlation	NOUN
ejpam-801	424	4	structure	structure	NOUN
ejpam-801	424	5	for	for	ADP
ejpam-801	424	6	the	the	DET
ejpam-801	424	7	generalized	generalize	VERB
ejpam-801	424	8	autoregressive	autoregressive	ADJ
ejpam-801	424	9	conditional	conditional	ADJ
ejpam-801	424	10	heteroskedastic	heteroskedastic	ADJ
ejpam-801	424	11	process	process	NOUN
ejpam-801	424	12	.	.	PUNCT
ejpam-801	425	1	journal	journal	PROPN
ejpam-801	425	2	of	of	ADP
ejpam-801	425	3	time	time	NOUN
ejpam-801	425	4	series	series	PROPN
ejpam-801	425	5	analysis	analysis	NOUN
ejpam-801	425	6	,	,	PUNCT
ejpam-801	425	7	9:121–131	9:121–131	NUM
ejpam-801	425	8	,	,	PUNCT
ejpam-801	425	9	1988	1988	NUM
ejpam-801	425	10	.	.	PUNCT
ejpam-801	426	1	[	[	X
ejpam-801	426	2	7	7	X
ejpam-801	426	3	]	]	PUNCT
ejpam-801	426	4	tim	tim	PROPN
ejpam-801	426	5	bollerslev	bollerslev	PROPN
ejpam-801	426	6	.	.	PUNCT
ejpam-801	427	1	generalized	generalize	VERB
ejpam-801	427	2	autoregressive	autoregressive	ADJ
ejpam-801	427	3	conditional	conditional	ADJ
ejpam-801	427	4	heteroskedasticity	heteroskedasticity	NOUN
ejpam-801	427	5	.	.	PUNCT
ejpam-801	428	1	journal	journal	PROPN
ejpam-801	428	2	of	of	ADP
ejpam-801	428	3	econometrics	econometric	NOUN
ejpam-801	428	4	,	,	PUNCT
ejpam-801	428	5	31:307–327	31:307–327	NUM
ejpam-801	428	6	,	,	PUNCT
ejpam-801	428	7	1986	1986	NUM
ejpam-801	428	8	.	.	PUNCT
ejpam-801	429	1	[	[	X
ejpam-801	429	2	8	8	NUM
ejpam-801	429	3	]	]	X
ejpam-801	429	4	m	m	VERB
ejpam-801	429	5	a	a	DET
ejpam-801	429	6	carnero	carnero	NOUN
ejpam-801	429	7	,	,	PUNCT
ejpam-801	429	8	d	d	NOUN
ejpam-801	429	9	peña	peña	PROPN
ejpam-801	429	10	,	,	PUNCT
ejpam-801	429	11	and	and	CCONJ
ejpam-801	429	12	e	e	NOUN
ejpam-801	429	13	ruiz	ruiz	NOUN
ejpam-801	429	14	.	.	PUNCT
ejpam-801	430	1	persistence	persistence	NOUN
ejpam-801	430	2	and	and	CCONJ
ejpam-801	430	3	kurtosis	kurtosis	NOUN
ejpam-801	430	4	in	in	ADP
ejpam-801	430	5	garch	garch	NOUN
ejpam-801	430	6	and	and	CCONJ
ejpam-801	430	7	stochastic	stochastic	ADJ
ejpam-801	430	8	volatility	volatility	NOUN
ejpam-801	430	9	models	model	NOUN
ejpam-801	430	10	.	.	PUNCT
ejpam-801	431	1	journal	journal	NOUN
ejpam-801	431	2	of	of	ADP
ejpam-801	431	3	financial	financial	ADJ
ejpam-801	431	4	econometrics	econometric	NOUN
ejpam-801	431	5	,	,	PUNCT
ejpam-801	431	6	2:319–342	2:319–342	NUM
ejpam-801	431	7	,	,	PUNCT
ejpam-801	431	8	2004	2004	NUM
ejpam-801	431	9	.	.	PUNCT
ejpam-801	432	1	[	[	X
ejpam-801	432	2	9	9	NUM
ejpam-801	432	3	]	]	X
ejpam-801	432	4	y	y	PROPN
ejpam-801	432	5	-	-	PUNCT
ejpam-801	432	6	t	t	PROPN
ejpam-801	432	7	chen	chen	PROPN
ejpam-801	432	8	and	and	CCONJ
ejpam-801	432	9	c	c	X
ejpam-801	432	10	-	-	PUNCT
ejpam-801	432	11	m	m	VERB
ejpam-801	432	12	kuan	kuan	PROPN
ejpam-801	432	13	.	.	PUNCT
ejpam-801	433	1	the	the	DET
ejpam-801	433	2	pseudo	pseudo	NOUN
ejpam-801	433	3	-	-	ADJ
ejpam-801	433	4	true	true	ADJ
ejpam-801	433	5	score	score	NOUN
ejpam-801	433	6	encompassing	encompass	VERB
ejpam-801	433	7	test	test	NOUN
ejpam-801	433	8	for	for	ADP
ejpam-801	433	9	non	non	ADJ
ejpam-801	433	10	-	-	ADJ
ejpam-801	433	11	nested	nested	ADJ
ejpam-801	433	12	hypotheses	hypothesis	NOUN
ejpam-801	433	13	.	.	PUNCT
ejpam-801	434	1	journal	journal	NOUN
ejpam-801	434	2	of	of	ADP
ejpam-801	434	3	econometrics	econometric	NOUN
ejpam-801	434	4	,	,	PUNCT
ejpam-801	434	5	106:271–295	106:271–295	NUM
ejpam-801	434	6	,	,	PUNCT
ejpam-801	434	7	2002	2002	NUM
ejpam-801	434	8	.	.	PUNCT
ejpam-801	435	1	[	[	X
ejpam-801	435	2	10	10	NUM
ejpam-801	435	3	]	]	X
ejpam-801	435	4	c	c	PROPN
ejpam-801	435	5	s	s	PROPN
ejpam-801	435	6	-	-	PROPN
ejpam-801	435	7	j	j	PROPN
ejpam-801	435	8	chu	chu	PROPN
ejpam-801	435	9	.	.	PUNCT
ejpam-801	436	1	detecting	detect	VERB
ejpam-801	436	2	parameter	parameter	NOUN
ejpam-801	436	3	shift	shift	NOUN
ejpam-801	436	4	in	in	ADP
ejpam-801	436	5	garch	garch	NOUN
ejpam-801	436	6	models	model	NOUN
ejpam-801	436	7	.	.	PUNCT
ejpam-801	437	1	econometric	econometric	ADJ
ejpam-801	437	2	reviews	review	NOUN
ejpam-801	437	3	,	,	PUNCT
ejpam-801	437	4	14:241	14:241	NUM
ejpam-801	437	5	–	–	PUNCT
ejpam-801	437	6	266	266	NUM
ejpam-801	437	7	,	,	PUNCT
ejpam-801	437	8	1995	1995	NUM
ejpam-801	437	9	.	.	PUNCT
ejpam-801	438	1	[	[	X
ejpam-801	438	2	11	11	NUM
ejpam-801	438	3	]	]	PUNCT
ejpam-801	438	4	rainer	rainer	NOUN
ejpam-801	438	5	dahlhaus	dahlhaus	NOUN
ejpam-801	438	6	and	and	CCONJ
ejpam-801	438	7	suhasini	suhasini	PROPN
ejpam-801	438	8	subba	subba	PROPN
ejpam-801	438	9	rao	rao	PROPN
ejpam-801	438	10	.	.	PUNCT
ejpam-801	439	1	statistical	statistical	ADJ
ejpam-801	439	2	inference	inference	NOUN
ejpam-801	439	3	for	for	ADP
ejpam-801	439	4	time	time	NOUN
ejpam-801	439	5	-	-	PUNCT
ejpam-801	439	6	varying	vary	VERB
ejpam-801	439	7	arch	arch	ADJ
ejpam-801	439	8	processes	process	NOUN
ejpam-801	439	9	.	.	PUNCT
ejpam-801	440	1	annals	annal	NOUN
ejpam-801	440	2	of	of	ADP
ejpam-801	440	3	statistics	statistic	NOUN
ejpam-801	440	4	,	,	PUNCT
ejpam-801	440	5	34:1075–1114	34:1075–1114	NUM
ejpam-801	440	6	,	,	PUNCT
ejpam-801	440	7	2006	2006	NUM
ejpam-801	440	8	.	.	PUNCT
ejpam-801	441	1	[	[	X
ejpam-801	441	2	12	12	NUM
ejpam-801	441	3	]	]	X
ejpam-801	441	4	z	z	NOUN
ejpam-801	441	5	ding	ding	NOUN
ejpam-801	441	6	,	,	PUNCT
ejpam-801	441	7	c	c	PROPN
ejpam-801	441	8	w	w	PROPN
ejpam-801	441	9	j	j	PROPN
ejpam-801	441	10	granger	granger	PROPN
ejpam-801	441	11	,	,	PUNCT
ejpam-801	441	12	and	and	CCONJ
ejpam-801	441	13	r	r	NOUN
ejpam-801	441	14	f	f	PROPN
ejpam-801	441	15	engle	engle	PROPN
ejpam-801	441	16	.	.	PUNCT
ejpam-801	442	1	a	a	DET
ejpam-801	442	2	long	long	ADJ
ejpam-801	442	3	memory	memory	NOUN
ejpam-801	442	4	property	property	NOUN
ejpam-801	442	5	of	of	ADP
ejpam-801	442	6	stock	stock	NOUN
ejpam-801	442	7	market	market	NOUN
ejpam-801	442	8	returns	return	NOUN
ejpam-801	442	9	and	and	CCONJ
ejpam-801	442	10	a	a	DET
ejpam-801	442	11	new	new	ADJ
ejpam-801	442	12	model	model	NOUN
ejpam-801	442	13	.	.	PUNCT
ejpam-801	443	1	journal	journal	PROPN
ejpam-801	443	2	of	of	ADP
ejpam-801	443	3	empirical	empirical	ADJ
ejpam-801	443	4	finance	finance	NOUN
ejpam-801	443	5	,	,	PUNCT
ejpam-801	443	6	1:83–106	1:83–106	NUM
ejpam-801	443	7	,	,	PUNCT
ejpam-801	443	8	1993	1993	NUM
ejpam-801	443	9	.	.	PUNCT
ejpam-801	444	1	[	[	X
ejpam-801	444	2	13	13	NUM
ejpam-801	444	3	]	]	X
ejpam-801	444	4	bruno	bruno	PROPN
ejpam-801	444	5	eklund	eklund	PROPN
ejpam-801	444	6	.	.	PUNCT
ejpam-801	445	1	estimating	estimate	VERB
ejpam-801	445	2	confidence	confidence	NOUN
ejpam-801	445	3	regions	region	NOUN
ejpam-801	445	4	over	over	ADP
ejpam-801	445	5	bounded	bounded	ADJ
ejpam-801	445	6	domains	domain	NOUN
ejpam-801	445	7	.	.	PUNCT
ejpam-801	446	1	computational	computational	ADJ
ejpam-801	446	2	statistics	statistic	NOUN
ejpam-801	446	3	and	and	CCONJ
ejpam-801	446	4	data	datum	NOUN
ejpam-801	446	5	analysis	analysis	NOUN
ejpam-801	446	6	,	,	PUNCT
ejpam-801	446	7	49:349–360	49:349–360	NUM
ejpam-801	446	8	,	,	PUNCT
ejpam-801	446	9	2005	2005	NUM
ejpam-801	446	10	.	.	PUNCT
ejpam-801	447	1	[	[	X
ejpam-801	447	2	14	14	NUM
ejpam-801	447	3	]	]	X
ejpam-801	447	4	r	r	NOUN
ejpam-801	447	5	f	f	PROPN
ejpam-801	447	6	engle	engle	PROPN
ejpam-801	447	7	and	and	CCONJ
ejpam-801	447	8	t	t	PROPN
ejpam-801	447	9	bollerslev	bollerslev	NOUN
ejpam-801	447	10	.	.	PUNCT
ejpam-801	448	1	modelling	model	VERB
ejpam-801	448	2	the	the	DET
ejpam-801	448	3	persistence	persistence	NOUN
ejpam-801	448	4	of	of	ADP
ejpam-801	448	5	conditional	conditional	ADJ
ejpam-801	448	6	variances	variance	NOUN
ejpam-801	448	7	.	.	PUNCT
ejpam-801	449	1	econometric	econometric	ADJ
ejpam-801	449	2	reviews	review	NOUN
ejpam-801	449	3	,	,	PUNCT
ejpam-801	449	4	5:1–50	5:1–50	NUM
ejpam-801	449	5	,	,	PUNCT
ejpam-801	449	6	1986	1986	NUM
ejpam-801	449	7	.	.	PUNCT
ejpam-801	450	1	[	[	X
ejpam-801	450	2	15	15	NUM
ejpam-801	450	3	]	]	X
ejpam-801	450	4	r	r	NOUN
ejpam-801	450	5	f	f	PROPN
ejpam-801	450	6	engle	engle	PROPN
ejpam-801	450	7	and	and	CCONJ
ejpam-801	450	8	v	v	X
ejpam-801	450	9	k	k	PROPN
ejpam-801	450	10	ng	ng	PROPN
ejpam-801	450	11	.	.	PROPN
ejpam-801	450	12	measuring	measure	VERB
ejpam-801	450	13	and	and	CCONJ
ejpam-801	450	14	testing	test	VERB
ejpam-801	450	15	the	the	DET
ejpam-801	450	16	impact	impact	NOUN
ejpam-801	450	17	of	of	ADP
ejpam-801	450	18	news	news	NOUN
ejpam-801	450	19	on	on	ADP
ejpam-801	450	20	volatility	volatility	NOUN
ejpam-801	450	21	.	.	PUNCT
ejpam-801	451	1	journal	journal	PROPN
ejpam-801	451	2	of	of	ADP
ejpam-801	451	3	finance	finance	NOUN
ejpam-801	451	4	,	,	PUNCT
ejpam-801	451	5	48:1749–1778	48:1749–1778	NUM
ejpam-801	451	6	,	,	PUNCT
ejpam-801	451	7	1993	1993	NUM
ejpam-801	451	8	.	.	PUNCT
ejpam-801	452	1	[	[	X
ejpam-801	452	2	16	16	NUM
ejpam-801	452	3	]	]	X
ejpam-801	452	4	robert	robert	PROPN
ejpam-801	452	5	f.	f.	PROPN
ejpam-801	452	6	engle	engle	PROPN
ejpam-801	452	7	and	and	CCONJ
ejpam-801	452	8	josé	josé	PROPN
ejpam-801	452	9	gonzalo	gonzalo	PROPN
ejpam-801	452	10	rangel	rangel	PROPN
ejpam-801	452	11	.	.	PUNCT
ejpam-801	453	1	the	the	DET
ejpam-801	453	2	spline	spline	ADJ
ejpam-801	453	3	garch	garch	NOUN
ejpam-801	453	4	model	model	NOUN
ejpam-801	453	5	for	for	ADP
ejpam-801	453	6	low	low	ADJ
ejpam-801	453	7	-	-	PUNCT
ejpam-801	453	8	frequency	frequency	NOUN
ejpam-801	453	9	volatility	volatility	NOUN
ejpam-801	453	10	and	and	CCONJ
ejpam-801	453	11	its	its	PRON
ejpam-801	453	12	global	global	ADJ
ejpam-801	453	13	macroeconomic	macroeconomic	ADJ
ejpam-801	453	14	causes	cause	NOUN
ejpam-801	453	15	.	.	PUNCT
ejpam-801	454	1	review	review	NOUN
ejpam-801	454	2	of	of	ADP
ejpam-801	454	3	financial	financial	ADJ
ejpam-801	454	4	studies	study	NOUN
ejpam-801	454	5	,	,	PUNCT
ejpam-801	454	6	21:1187	21:1187	PRON
ejpam-801	454	7	–	–	PUNCT
ejpam-801	454	8	1222	1222	NUM
ejpam-801	454	9	,	,	PUNCT
ejpam-801	454	10	2008	2008	NUM
ejpam-801	454	11	.	.	PUNCT
ejpam-801	455	1	references	reference	NOUN
ejpam-801	455	2	460	460	NUM
ejpam-801	456	1	[	[	X
ejpam-801	456	2	17	17	NUM
ejpam-801	456	3	]	]	X
ejpam-801	456	4	e	e	NOUN
ejpam-801	456	5	ghysels	ghysel	NOUN
ejpam-801	456	6	,	,	PUNCT
ejpam-801	456	7	a	a	DET
ejpam-801	456	8	c	c	NOUN
ejpam-801	456	9	harvey	harvey	NOUN
ejpam-801	456	10	,	,	PUNCT
ejpam-801	456	11	and	and	CCONJ
ejpam-801	456	12	e	e	PROPN
ejpam-801	456	13	renault	renault	PROPN
ejpam-801	456	14	.	.	PUNCT
ejpam-801	457	1	stochastic	stochastic	ADJ
ejpam-801	457	2	volatility	volatility	NOUN
ejpam-801	457	3	.	.	PUNCT
ejpam-801	458	1	in	in	ADP
ejpam-801	458	2	g	g	PROPN
ejpam-801	458	3	s	s	PART
ejpam-801	458	4	maddala	maddala	NOUN
ejpam-801	458	5	and	and	CCONJ
ejpam-801	458	6	c	c	NOUN
ejpam-801	458	7	r	r	PROPN
ejpam-801	458	8	rao	rao	PROPN
ejpam-801	458	9	,	,	PUNCT
ejpam-801	458	10	editors	editor	NOUN
ejpam-801	458	11	,	,	PUNCT
ejpam-801	458	12	handbook	handbook	NOUN
ejpam-801	458	13	of	of	ADP
ejpam-801	458	14	statistics	statistic	NOUN
ejpam-801	458	15	,	,	PUNCT
ejpam-801	458	16	volume	volume	NOUN
ejpam-801	458	17	14	14	NUM
ejpam-801	458	18	,	,	PUNCT
ejpam-801	458	19	pages	page	NOUN
ejpam-801	458	20	119–191	119–191	NUM
ejpam-801	458	21	,	,	PUNCT
ejpam-801	458	22	amsterdam	amsterdam	PROPN
ejpam-801	458	23	,	,	PUNCT
ejpam-801	458	24	1996	1996	NUM
ejpam-801	458	25	.	.	PUNCT
ejpam-801	459	1	north	north	NOUN
ejpam-801	459	2	holland	holland	PROPN
ejpam-801	459	3	.	.	PUNCT
ejpam-801	460	1	[	[	X
ejpam-801	460	2	18	18	NUM
ejpam-801	460	3	]	]	X
ejpam-801	460	4	l	l	NOUN
ejpam-801	460	5	glosten	glosten	ADJ
ejpam-801	460	6	,	,	PUNCT
ejpam-801	460	7	r	r	NOUN
ejpam-801	460	8	jagannathan	jagannathan	NOUN
ejpam-801	460	9	,	,	PUNCT
ejpam-801	460	10	and	and	CCONJ
ejpam-801	460	11	d	d	ADP
ejpam-801	460	12	runkle	runkle	NOUN
ejpam-801	460	13	.	.	PUNCT
ejpam-801	461	1	on	on	ADP
ejpam-801	461	2	the	the	DET
ejpam-801	461	3	relation	relation	NOUN
ejpam-801	461	4	between	between	ADP
ejpam-801	461	5	expected	expect	VERB
ejpam-801	461	6	value	value	NOUN
ejpam-801	461	7	and	and	CCONJ
ejpam-801	461	8	the	the	DET
ejpam-801	461	9	volatility	volatility	NOUN
ejpam-801	461	10	of	of	ADP
ejpam-801	461	11	the	the	DET
ejpam-801	461	12	nominal	nominal	ADJ
ejpam-801	461	13	excess	excess	ADJ
ejpam-801	461	14	return	return	NOUN
ejpam-801	461	15	on	on	ADP
ejpam-801	461	16	stocks	stock	NOUN
ejpam-801	461	17	.	.	PUNCT
ejpam-801	462	1	journal	journal	PROPN
ejpam-801	462	2	of	of	ADP
ejpam-801	462	3	finance	finance	NOUN
ejpam-801	462	4	,	,	PUNCT
ejpam-801	462	5	48:1779–1801	48:1779–1801	NUM
ejpam-801	462	6	,	,	PUNCT
ejpam-801	462	7	1993	1993	NUM
ejpam-801	462	8	.	.	PUNCT
ejpam-801	463	1	[	[	X
ejpam-801	463	2	19	19	NUM
ejpam-801	463	3	]	]	X
ejpam-801	463	4	g	g	PROPN
ejpam-801	463	5	gonzález	gonzález	PROPN
ejpam-801	463	6	-	-	PUNCT
ejpam-801	463	7	rivera	rivera	PROPN
ejpam-801	463	8	.	.	PUNCT
ejpam-801	464	1	smooth	smooth	ADJ
ejpam-801	464	2	transition	transition	NOUN
ejpam-801	464	3	garch	garch	NOUN
ejpam-801	464	4	models	model	NOUN
ejpam-801	464	5	.	.	PUNCT
ejpam-801	465	1	studies	study	NOUN
ejpam-801	465	2	in	in	ADP
ejpam-801	465	3	non	non	ADJ
ejpam-801	465	4	-	-	ADJ
ejpam-801	465	5	linear	linear	ADJ
ejpam-801	465	6	dynamics	dynamic	NOUN
ejpam-801	465	7	and	and	CCONJ
ejpam-801	465	8	econometrics	econometric	NOUN
ejpam-801	465	9	,	,	PUNCT
ejpam-801	465	10	3:61–78	3:61–78	NUM
ejpam-801	465	11	,	,	PUNCT
ejpam-801	465	12	1998	1998	NUM
ejpam-801	465	13	.	.	PUNCT
ejpam-801	466	1	[	[	X
ejpam-801	466	2	20	20	NUM
ejpam-801	466	3	]	]	X
ejpam-801	466	4	c	c	PROPN
ejpam-801	466	5	w	w	PROPN
ejpam-801	466	6	j	j	PROPN
ejpam-801	466	7	granger	granger	PROPN
ejpam-801	466	8	and	and	CCONJ
ejpam-801	466	9	z	z	PROPN
ejpam-801	466	10	ding	ding	NOUN
ejpam-801	466	11	.	.	PUNCT
ejpam-801	467	1	some	some	DET
ejpam-801	467	2	properties	property	NOUN
ejpam-801	467	3	of	of	ADP
ejpam-801	467	4	absolute	absolute	ADJ
ejpam-801	467	5	returns	return	NOUN
ejpam-801	467	6	:	:	PUNCT
ejpam-801	467	7	an	an	DET
ejpam-801	467	8	alternative	alternative	ADJ
ejpam-801	467	9	measure	measure	NOUN
ejpam-801	467	10	of	of	ADP
ejpam-801	467	11	risk	risk	NOUN
ejpam-801	467	12	.	.	PUNCT
ejpam-801	468	1	annales	annale	NOUN
ejpam-801	468	2	d’économie	d’économie	VERB
ejpam-801	468	3	et	et	NOUN
ejpam-801	468	4	de	de	X
ejpam-801	468	5	statistique	statistique	NOUN
ejpam-801	468	6	,	,	PUNCT
ejpam-801	468	7	40:67–95	40:67–95	NUM
ejpam-801	468	8	,	,	PUNCT
ejpam-801	468	9	1995	1995	NUM
ejpam-801	468	10	.	.	PUNCT
ejpam-801	469	1	[	[	X
ejpam-801	469	2	21	21	NUM
ejpam-801	469	3	]	]	X
ejpam-801	469	4	c	c	PROPN
ejpam-801	469	5	w	w	PROPN
ejpam-801	469	6	j	j	PROPN
ejpam-801	469	7	granger	granger	PROPN
ejpam-801	469	8	,	,	PUNCT
ejpam-801	469	9	m	m	PROPN
ejpam-801	469	10	l	l	NOUN
ejpam-801	469	11	king	king	NOUN
ejpam-801	469	12	,	,	PUNCT
ejpam-801	469	13	and	and	CCONJ
ejpam-801	469	14	h	h	PROPN
ejpam-801	469	15	white	white	PROPN
ejpam-801	469	16	.	.	PUNCT
ejpam-801	470	1	comments	comment	NOUN
ejpam-801	470	2	on	on	ADP
ejpam-801	470	3	testing	test	VERB
ejpam-801	470	4	economic	economic	ADJ
ejpam-801	470	5	theories	theory	NOUN
ejpam-801	470	6	and	and	CCONJ
ejpam-801	470	7	the	the	DET
ejpam-801	470	8	use	use	NOUN
ejpam-801	470	9	of	of	ADP
ejpam-801	470	10	model	model	NOUN
ejpam-801	470	11	selection	selection	NOUN
ejpam-801	470	12	criteria	criterion	NOUN
ejpam-801	470	13	.	.	PUNCT
ejpam-801	471	1	journal	journal	NOUN
ejpam-801	471	2	of	of	ADP
ejpam-801	471	3	econometrics	econometric	NOUN
ejpam-801	471	4	,	,	PUNCT
ejpam-801	471	5	67:173–187	67:173–187	NUM
ejpam-801	471	6	,	,	PUNCT
ejpam-801	471	7	1995	1995	NUM
ejpam-801	471	8	.	.	PUNCT
ejpam-801	472	1	[	[	X
ejpam-801	472	2	22	22	NUM
ejpam-801	472	3	]	]	X
ejpam-801	472	4	c	c	PROPN
ejpam-801	472	5	w	w	PROPN
ejpam-801	472	6	j	j	PROPN
ejpam-801	472	7	granger	granger	PROPN
ejpam-801	472	8	,	,	PUNCT
ejpam-801	472	9	s	s	PART
ejpam-801	472	10	spear	spear	NOUN
ejpam-801	472	11	,	,	PUNCT
ejpam-801	472	12	and	and	CCONJ
ejpam-801	472	13	z	z	NOUN
ejpam-801	472	14	ding	ding	NOUN
ejpam-801	472	15	.	.	PUNCT
ejpam-801	472	16	stylized	stylize	VERB
ejpam-801	472	17	facts	fact	NOUN
ejpam-801	472	18	on	on	ADP
ejpam-801	472	19	the	the	DET
ejpam-801	472	20	temporal	temporal	ADJ
ejpam-801	472	21	and	and	CCONJ
ejpam-801	472	22	distributional	distributional	ADJ
ejpam-801	472	23	properties	property	NOUN
ejpam-801	472	24	of	of	ADP
ejpam-801	472	25	absolute	absolute	ADJ
ejpam-801	472	26	returns	return	NOUN
ejpam-801	472	27	:	:	PUNCT
ejpam-801	472	28	an	an	DET
ejpam-801	472	29	update	update	NOUN
ejpam-801	472	30	.	.	PUNCT
ejpam-801	473	1	in	in	ADP
ejpam-801	473	2	chan	chan	PROPN
ejpam-801	473	3	w	w	PROPN
ejpam-801	473	4	-	-	PUNCT
ejpam-801	473	5	s	s	PROPN
ejpam-801	473	6	,	,	PUNCT
ejpam-801	473	7	w	w	PROPN
ejpam-801	473	8	k	k	PROPN
ejpam-801	473	9	li	li	PROPN
ejpam-801	473	10	,	,	PUNCT
ejpam-801	473	11	and	and	CCONJ
ejpam-801	473	12	h	h	NOUN
ejpam-801	473	13	tong	tong	PROPN
ejpam-801	473	14	,	,	PUNCT
ejpam-801	473	15	editors	editor	NOUN
ejpam-801	473	16	,	,	PUNCT
ejpam-801	473	17	statistics	statistic	NOUN
ejpam-801	473	18	and	and	CCONJ
ejpam-801	473	19	finance	finance	NOUN
ejpam-801	473	20	:	:	PUNCT
ejpam-801	473	21	an	an	DET
ejpam-801	473	22	interface	interface	NOUN
ejpam-801	473	23	,	,	PUNCT
ejpam-801	473	24	pages	page	NOUN
ejpam-801	473	25	97–120	97–120	PROPN
ejpam-801	473	26	,	,	PUNCT
ejpam-801	473	27	london	london	PROPN
ejpam-801	473	28	,	,	PUNCT
ejpam-801	473	29	2000	2000	NUM
ejpam-801	473	30	.	.	PUNCT
ejpam-801	474	1	imperial	imperial	ADJ
ejpam-801	474	2	college	college	NOUN
ejpam-801	474	3	press	press	NOUN
ejpam-801	474	4	.	.	PUNCT
ejpam-801	475	1	[	[	X
ejpam-801	475	2	23	23	NUM
ejpam-801	475	3	]	]	X
ejpam-801	475	4	g	g	PROPN
ejpam-801	475	5	e	e	PROPN
ejpam-801	475	6	hagerud	hagerud	PROPN
ejpam-801	475	7	.	.	PUNCT
ejpam-801	476	1	a	a	DET
ejpam-801	476	2	new	new	ADJ
ejpam-801	476	3	non	non	ADJ
ejpam-801	476	4	-	-	ADJ
ejpam-801	476	5	linear	linear	ADJ
ejpam-801	476	6	garch	garch	NOUN
ejpam-801	476	7	model	model	NOUN
ejpam-801	476	8	.	.	PUNCT
ejpam-801	477	1	stockholm	stockholm	PROPN
ejpam-801	477	2	:	:	PUNCT
ejpam-801	477	3	efi	efi	PROPN
ejpam-801	477	4	economic	economic	PROPN
ejpam-801	477	5	research	research	PROPN
ejpam-801	477	6	institute	institute	PROPN
ejpam-801	477	7	,	,	PUNCT
ejpam-801	477	8	1997	1997	NUM
ejpam-801	477	9	.	.	PUNCT
ejpam-801	478	1	[	[	X
ejpam-801	478	2	24	24	NUM
ejpam-801	478	3	]	]	X
ejpam-801	478	4	c	c	NOUN
ejpam-801	478	5	he	he	PRON
ejpam-801	478	6	and	and	CCONJ
ejpam-801	478	7	t	t	PROPN
ejpam-801	478	8	teräsvirta	teräsvirta	PROPN
ejpam-801	478	9	.	.	PUNCT
ejpam-801	479	1	fourth	fourth	ADJ
ejpam-801	479	2	moment	moment	NOUN
ejpam-801	479	3	structure	structure	NOUN
ejpam-801	479	4	of	of	ADP
ejpam-801	479	5	the	the	DET
ejpam-801	479	6	garch(p	garch(p	PROPN
ejpam-801	479	7	,	,	PUNCT
ejpam-801	479	8	q	q	NOUN
ejpam-801	479	9	)	)	PUNCT
ejpam-801	479	10	process	process	NOUN
ejpam-801	479	11	.	.	PUNCT
ejpam-801	480	1	econometric	econometric	PROPN
ejpam-801	480	2	theory	theory	NOUN
ejpam-801	480	3	,	,	PUNCT
ejpam-801	480	4	15:824–846	15:824–846	NUM
ejpam-801	480	5	,	,	PUNCT
ejpam-801	480	6	1999	1999	NUM
ejpam-801	480	7	.	.	PUNCT
ejpam-801	481	1	[	[	X
ejpam-801	481	2	25	25	NUM
ejpam-801	481	3	]	]	X
ejpam-801	481	4	c	c	NOUN
ejpam-801	481	5	he	he	PRON
ejpam-801	481	6	and	and	CCONJ
ejpam-801	481	7	t	t	PROPN
ejpam-801	481	8	teräsvirta	teräsvirta	PROPN
ejpam-801	481	9	.	.	PUNCT
ejpam-801	482	1	properties	property	NOUN
ejpam-801	482	2	of	of	ADP
ejpam-801	482	3	moments	moment	NOUN
ejpam-801	482	4	of	of	ADP
ejpam-801	482	5	a	a	DET
ejpam-801	482	6	family	family	NOUN
ejpam-801	482	7	of	of	ADP
ejpam-801	482	8	garch	garch	NOUN
ejpam-801	482	9	processes	process	NOUN
ejpam-801	482	10	.	.	PUNCT
ejpam-801	483	1	journal	journal	PROPN
ejpam-801	483	2	of	of	ADP
ejpam-801	483	3	econometrics	econometric	NOUN
ejpam-801	483	4	,	,	PUNCT
ejpam-801	483	5	92:173–192	92:173–192	NUM
ejpam-801	483	6	,	,	PUNCT
ejpam-801	483	7	1999	1999	NUM
ejpam-801	483	8	.	.	PUNCT
ejpam-801	484	1	[	[	X
ejpam-801	484	2	26	26	NUM
ejpam-801	484	3	]	]	X
ejpam-801	484	4	c	c	NOUN
ejpam-801	484	5	he	he	PRON
ejpam-801	484	6	and	and	CCONJ
ejpam-801	484	7	t	t	PROPN
ejpam-801	484	8	teräsvirta	teräsvirta	PROPN
ejpam-801	484	9	.	.	PUNCT
ejpam-801	485	1	statistical	statistical	ADJ
ejpam-801	485	2	properties	property	NOUN
ejpam-801	485	3	of	of	ADP
ejpam-801	485	4	the	the	DET
ejpam-801	485	5	asymmetric	asymmetric	ADJ
ejpam-801	485	6	power	power	NOUN
ejpam-801	485	7	arch	arch	NOUN
ejpam-801	485	8	process	process	NOUN
ejpam-801	485	9	.	.	PUNCT
ejpam-801	486	1	in	in	ADP
ejpam-801	486	2	r	r	PROPN
ejpam-801	486	3	f	f	PROPN
ejpam-801	486	4	engle	engle	PROPN
ejpam-801	486	5	and	and	CCONJ
ejpam-801	486	6	h	h	PROPN
ejpam-801	486	7	white	white	ADJ
ejpam-801	486	8	,	,	PUNCT
ejpam-801	486	9	editors	editor	NOUN
ejpam-801	486	10	,	,	PUNCT
ejpam-801	486	11	cointegration	cointegration	NOUN
ejpam-801	486	12	,	,	PUNCT
ejpam-801	486	13	causality	causality	NOUN
ejpam-801	486	14	,	,	PUNCT
ejpam-801	486	15	and	and	CCONJ
ejpam-801	486	16	forecasting	forecasting	NOUN
ejpam-801	486	17	.	.	PUNCT
ejpam-801	487	1	festschrift	festschrift	NOUN
ejpam-801	487	2	in	in	ADP
ejpam-801	487	3	honour	honour	NOUN
ejpam-801	487	4	of	of	ADP
ejpam-801	487	5	clive	clive	PROPN
ejpam-801	487	6	w	w	PROPN
ejpam-801	487	7	j	j	PROPN
ejpam-801	487	8	granger	granger	PROPN
ejpam-801	487	9	,	,	PUNCT
ejpam-801	487	10	pages	page	NOUN
ejpam-801	487	11	462–474	462–474	NUM
ejpam-801	487	12	,	,	PUNCT
ejpam-801	487	13	oxford	oxford	PROPN
ejpam-801	487	14	,	,	PUNCT
ejpam-801	487	15	1999	1999	NUM
ejpam-801	487	16	.	.	PUNCT
ejpam-801	488	1	oxford	oxford	PROPN
ejpam-801	488	2	university	university	PROPN
ejpam-801	488	3	press	press	NOUN
ejpam-801	488	4	.	.	PUNCT
ejpam-801	489	1	[	[	X
ejpam-801	489	2	27	27	NUM
ejpam-801	489	3	]	]	X
ejpam-801	489	4	c	c	NOUN
ejpam-801	489	5	he	he	PRON
ejpam-801	489	6	,	,	PUNCT
ejpam-801	489	7	t	t	PROPN
ejpam-801	489	8	teräsvirta	teräsvirta	NOUN
ejpam-801	489	9	,	,	PUNCT
ejpam-801	489	10	and	and	CCONJ
ejpam-801	489	11	h	h	PROPN
ejpam-801	489	12	malmsten	malmsten	VERB
ejpam-801	489	13	.	.	PUNCT
ejpam-801	490	1	moment	moment	NOUN
ejpam-801	490	2	structure	structure	NOUN
ejpam-801	490	3	of	of	ADP
ejpam-801	490	4	a	a	DET
ejpam-801	490	5	family	family	NOUN
ejpam-801	490	6	of	of	ADP
ejpam-801	490	7	first	first	ADJ
ejpam-801	490	8	-	-	PUNCT
ejpam-801	490	9	order	order	NOUN
ejpam-801	490	10	exponential	exponential	ADJ
ejpam-801	490	11	garch	garch	NOUN
ejpam-801	490	12	models	model	NOUN
ejpam-801	490	13	.	.	PUNCT
ejpam-801	491	1	econometric	econometric	PROPN
ejpam-801	491	2	theory	theory	NOUN
ejpam-801	491	3	,	,	PUNCT
ejpam-801	491	4	18:868–885	18:868–885	NUM
ejpam-801	491	5	,	,	PUNCT
ejpam-801	491	6	2002	2002	NUM
ejpam-801	491	7	.	.	PUNCT
ejpam-801	492	1	[	[	X
ejpam-801	492	2	28	28	NUM
ejpam-801	492	3	]	]	X
ejpam-801	492	4	changli	changli	NOUN
ejpam-801	492	5	he	he	PRON
ejpam-801	492	6	.	.	PUNCT
ejpam-801	493	1	moments	moment	NOUN
ejpam-801	493	2	and	and	CCONJ
ejpam-801	493	3	the	the	DET
ejpam-801	493	4	autocorrelation	autocorrelation	NOUN
ejpam-801	493	5	structure	structure	NOUN
ejpam-801	493	6	of	of	ADP
ejpam-801	493	7	the	the	DET
ejpam-801	493	8	exponential	exponential	ADJ
ejpam-801	493	9	garch(p	garch(p	PROPN
ejpam-801	493	10	,	,	PUNCT
ejpam-801	493	11	q	q	NOUN
ejpam-801	493	12	)	)	PUNCT
ejpam-801	493	13	process	process	NOUN
ejpam-801	493	14	.	.	PUNCT
ejpam-801	494	1	sse	sse	PROPN
ejpam-801	494	2	/	/	SYM
ejpam-801	494	3	efi	efi	PROPN
ejpam-801	494	4	working	working	PROPN
ejpam-801	494	5	paper	paper	NOUN
ejpam-801	494	6	series	series	NOUN
ejpam-801	494	7	in	in	ADP
ejpam-801	494	8	economics	economic	NOUN
ejpam-801	494	9	and	and	CCONJ
ejpam-801	494	10	finance	finance	NOUN
ejpam-801	494	11	359	359	NUM
ejpam-801	494	12	,	,	PUNCT
ejpam-801	494	13	stockholm	stockholm	PROPN
ejpam-801	494	14	school	school	NOUN
ejpam-801	494	15	of	of	ADP
ejpam-801	494	16	economics	economic	NOUN
ejpam-801	494	17	,	,	PUNCT
ejpam-801	494	18	2000	2000	NUM
ejpam-801	494	19	.	.	PUNCT
ejpam-801	495	1	[	[	X
ejpam-801	495	2	29	29	NUM
ejpam-801	495	3	]	]	X
ejpam-801	495	4	changli	changli	NOUN
ejpam-801	495	5	he	he	PRON
ejpam-801	495	6	,	,	PUNCT
ejpam-801	495	7	hans	hans	PROPN
ejpam-801	495	8	malmsten	malmsten	VERB
ejpam-801	495	9	,	,	PUNCT
ejpam-801	495	10	and	and	CCONJ
ejpam-801	495	11	timo	timo	PROPN
ejpam-801	495	12	teräsvirta	teräsvirta	PROPN
ejpam-801	495	13	.	.	PUNCT
ejpam-801	496	1	higher	high	ADJ
ejpam-801	496	2	-	-	PUNCT
ejpam-801	496	3	order	order	NOUN
ejpam-801	496	4	dependence	dependence	NOUN
ejpam-801	496	5	in	in	ADP
ejpam-801	496	6	the	the	DET
ejpam-801	496	7	general	general	ADJ
ejpam-801	496	8	power	power	NOUN
ejpam-801	496	9	arch	arch	NOUN
ejpam-801	496	10	process	process	NOUN
ejpam-801	496	11	and	and	CCONJ
ejpam-801	496	12	the	the	DET
ejpam-801	496	13	role	role	NOUN
ejpam-801	496	14	of	of	ADP
ejpam-801	496	15	the	the	DET
ejpam-801	496	16	power	power	NOUN
ejpam-801	496	17	parameter	parameter	NOUN
ejpam-801	496	18	.	.	PUNCT
ejpam-801	497	1	in	in	ADP
ejpam-801	497	2	shalabh	shalabh	PROPN
ejpam-801	497	3	and	and	CCONJ
ejpam-801	497	4	c.	c.	PROPN
ejpam-801	497	5	heumann	heumann	PROPN
ejpam-801	497	6	,	,	PUNCT
ejpam-801	497	7	editors	editor	NOUN
ejpam-801	497	8	,	,	PUNCT
ejpam-801	497	9	recent	recent	ADJ
ejpam-801	497	10	advances	advance	NOUN
ejpam-801	497	11	in	in	ADP
ejpam-801	497	12	linear	linear	ADJ
ejpam-801	497	13	models	model	NOUN
ejpam-801	497	14	and	and	CCONJ
ejpam-801	497	15	related	related	ADJ
ejpam-801	497	16	areas	area	NOUN
ejpam-801	497	17	,	,	PUNCT
ejpam-801	497	18	pages	page	NOUN
ejpam-801	497	19	231	231	NUM
ejpam-801	497	20	–	–	PUNCT
ejpam-801	497	21	251	251	NUM
ejpam-801	497	22	,	,	PUNCT
ejpam-801	497	23	new	new	PROPN
ejpam-801	497	24	york	york	PROPN
ejpam-801	497	25	,	,	PUNCT
ejpam-801	497	26	2008	2008	NUM
ejpam-801	497	27	.	.	PUNCT
ejpam-801	498	1	springer	springer	NOUN
ejpam-801	498	2	.	.	PUNCT
ejpam-801	499	1	references	reference	NOUN
ejpam-801	499	2	461	461	NUM
ejpam-801	499	3	[	[	X
ejpam-801	499	4	30	30	NUM
ejpam-801	499	5	]	]	X
ejpam-801	499	6	changli	changli	NOUN
ejpam-801	499	7	he	he	PRON
ejpam-801	499	8	,	,	PUNCT
ejpam-801	499	9	annastiina	annastiina	PROPN
ejpam-801	499	10	silvennoinen	silvennoinen	PROPN
ejpam-801	499	11	,	,	PUNCT
ejpam-801	499	12	and	and	CCONJ
ejpam-801	499	13	timo	timo	PROPN
ejpam-801	499	14	teräsvirta	teräsvirta	PROPN
ejpam-801	499	15	.	.	PUNCT
ejpam-801	500	1	parameterizing	parameterize	VERB
ejpam-801	500	2	unconditional	unconditional	ADJ
ejpam-801	500	3	skewness	skewness	NOUN
ejpam-801	500	4	in	in	ADP
ejpam-801	500	5	models	model	NOUN
ejpam-801	500	6	for	for	ADP
ejpam-801	500	7	financial	financial	ADJ
ejpam-801	500	8	time	time	NOUN
ejpam-801	500	9	series	series	PROPN
ejpam-801	500	10	.	.	PUNCT
ejpam-801	501	1	journal	journal	PROPN
ejpam-801	501	2	of	of	ADP
ejpam-801	501	3	financial	financial	ADJ
ejpam-801	501	4	econometrics	econometric	NOUN
ejpam-801	501	5	,	,	PUNCT
ejpam-801	501	6	6:208–230	6:208–230	NUM
ejpam-801	501	7	,	,	PUNCT
ejpam-801	501	8	2008	2008	NUM
ejpam-801	501	9	.	.	PUNCT
ejpam-801	502	1	[	[	X
ejpam-801	502	2	31	31	NUM
ejpam-801	502	3	]	]	X
ejpam-801	502	4	r	r	NOUN
ejpam-801	502	5	hyndman	hyndman	NOUN
ejpam-801	502	6	.	.	PUNCT
ejpam-801	503	1	computing	computing	NOUN
ejpam-801	503	2	and	and	CCONJ
ejpam-801	503	3	graphing	graph	VERB
ejpam-801	503	4	highest	high	ADJ
ejpam-801	503	5	density	density	NOUN
ejpam-801	503	6	regions	region	NOUN
ejpam-801	503	7	.	.	PUNCT
ejpam-801	504	1	american	american	PROPN
ejpam-801	504	2	statistician	statistician	PROPN
ejpam-801	504	3	,	,	PUNCT
ejpam-801	504	4	50:120–126	50:120–126	PROPN
ejpam-801	504	5	,	,	PUNCT
ejpam-801	504	6	1996	1996	NUM
ejpam-801	504	7	.	.	PUNCT
ejpam-801	505	1	[	[	X
ejpam-801	505	2	32	32	NUM
ejpam-801	505	3	]	]	X
ejpam-801	505	4	m	m	VERB
ejpam-801	505	5	karanasos	karanasos	NOUN
ejpam-801	505	6	and	and	CCONJ
ejpam-801	505	7	j	j	PROPN
ejpam-801	505	8	kim	kim	PROPN
ejpam-801	505	9	.	.	PUNCT
ejpam-801	506	1	moments	moment	NOUN
ejpam-801	506	2	of	of	ADP
ejpam-801	506	3	the	the	DET
ejpam-801	506	4	arma	arma	PROPN
ejpam-801	506	5	-	-	PUNCT
ejpam-801	506	6	egarch	egarch	NOUN
ejpam-801	506	7	model	model	NOUN
ejpam-801	506	8	.	.	PUNCT
ejpam-801	507	1	econometrics	econometric	NOUN
ejpam-801	507	2	journal	journal	NOUN
ejpam-801	507	3	,	,	PUNCT
ejpam-801	507	4	6:146–166	6:146–166	NUM
ejpam-801	507	5	,	,	PUNCT
ejpam-801	507	6	2003	2003	NUM
ejpam-801	507	7	.	.	PUNCT
ejpam-801	508	1	[	[	X
ejpam-801	508	2	33	33	NUM
ejpam-801	508	3	]	]	SYM
ejpam-801	508	4	s	s	X
ejpam-801	508	5	kim	kim	PROPN
ejpam-801	508	6	,	,	PUNCT
ejpam-801	508	7	n	n	PRON
ejpam-801	508	8	shephard	shephard	NOUN
ejpam-801	508	9	,	,	PUNCT
ejpam-801	508	10	and	and	CCONJ
ejpam-801	508	11	s	s	VERB
ejpam-801	508	12	chib	chib	NOUN
ejpam-801	508	13	.	.	PUNCT
ejpam-801	509	1	stochastic	stochastic	ADJ
ejpam-801	509	2	volatility	volatility	NOUN
ejpam-801	509	3	:	:	PUNCT
ejpam-801	509	4	likelihood	likelihood	NOUN
ejpam-801	509	5	inference	inference	NOUN
ejpam-801	509	6	and	and	CCONJ
ejpam-801	509	7	comparison	comparison	NOUN
ejpam-801	509	8	with	with	ADP
ejpam-801	509	9	arch	arch	ADJ
ejpam-801	509	10	models	model	NOUN
ejpam-801	509	11	.	.	PUNCT
ejpam-801	510	1	review	review	NOUN
ejpam-801	510	2	of	of	ADP
ejpam-801	510	3	economic	economic	ADJ
ejpam-801	510	4	studies	study	NOUN
ejpam-801	510	5	,	,	PUNCT
ejpam-801	510	6	65:361–393	65:361–393	PROPN
ejpam-801	510	7	,	,	PUNCT
ejpam-801	510	8	1998	1998	NUM
ejpam-801	510	9	.	.	PUNCT
ejpam-801	511	1	[	[	X
ejpam-801	511	2	34	34	NUM
ejpam-801	511	3	]	]	SYM
ejpam-801	511	4	t	t	PROPN
ejpam-801	511	5	-	-	PUNCT
ejpam-801	511	6	h	h	NOUN
ejpam-801	511	7	kim	kim	PROPN
ejpam-801	511	8	and	and	CCONJ
ejpam-801	511	9	h	h	PROPN
ejpam-801	511	10	white	white	PROPN
ejpam-801	511	11	.	.	PUNCT
ejpam-801	512	1	on	on	ADP
ejpam-801	512	2	more	more	ADV
ejpam-801	512	3	robust	robust	ADJ
ejpam-801	512	4	estimation	estimation	NOUN
ejpam-801	512	5	of	of	ADP
ejpam-801	512	6	skewness	skewness	NOUN
ejpam-801	512	7	and	and	CCONJ
ejpam-801	512	8	kurtosis	kurtosis	NOUN
ejpam-801	512	9	.	.	PUNCT
ejpam-801	513	1	finance	finance	NOUN
ejpam-801	513	2	research	research	NOUN
ejpam-801	513	3	letters	letter	NOUN
ejpam-801	513	4	,	,	PUNCT
ejpam-801	513	5	1:56–73	1:56–73	NUM
ejpam-801	513	6	,	,	PUNCT
ejpam-801	513	7	2004	2004	NUM
ejpam-801	513	8	.	.	PUNCT
ejpam-801	514	1	[	[	X
ejpam-801	514	2	35	35	NUM
ejpam-801	514	3	]	]	X
ejpam-801	514	4	j	j	PROPN
ejpam-801	514	5	-	-	PROPN
ejpam-801	514	6	h	h	PROPN
ejpam-801	514	7	lee	lee	PROPN
ejpam-801	514	8	and	and	CCONJ
ejpam-801	514	9	b	b	PROPN
ejpam-801	514	10	w	w	PROPN
ejpam-801	514	11	brorsen	brorsen	PROPN
ejpam-801	514	12	.	.	PUNCT
ejpam-801	515	1	a	a	DET
ejpam-801	515	2	non	non	ADJ
ejpam-801	515	3	-	-	ADJ
ejpam-801	515	4	nested	nested	ADJ
ejpam-801	515	5	test	test	NOUN
ejpam-801	515	6	of	of	ADP
ejpam-801	515	7	garch	garch	NOUN
ejpam-801	515	8	vs.	vs.	ADP
ejpam-801	515	9	egarch	egarch	NOUN
ejpam-801	515	10	models	model	NOUN
ejpam-801	515	11	.	.	PUNCT
ejpam-801	516	1	applied	apply	VERB
ejpam-801	516	2	economics	economic	NOUN
ejpam-801	516	3	letters	letter	NOUN
ejpam-801	516	4	,	,	PUNCT
ejpam-801	516	5	4:765–768	4:765–768	NOUN
ejpam-801	516	6	,	,	PUNCT
ejpam-801	516	7	1997	1997	NUM
ejpam-801	516	8	.	.	PUNCT
ejpam-801	517	1	[	[	X
ejpam-801	517	2	36	36	NUM
ejpam-801	517	3	]	]	X
ejpam-801	517	4	r	r	NOUN
ejpam-801	517	5	liesenfeld	liesenfeld	NOUN
ejpam-801	517	6	and	and	CCONJ
ejpam-801	517	7	r	r	NOUN
ejpam-801	517	8	c	c	PROPN
ejpam-801	517	9	jung	jung	PROPN
ejpam-801	517	10	.	.	PUNCT
ejpam-801	518	1	stochastic	stochastic	ADJ
ejpam-801	518	2	volatility	volatility	NOUN
ejpam-801	518	3	models	model	NOUN
ejpam-801	518	4	:	:	PUNCT
ejpam-801	518	5	conditional	conditional	ADJ
ejpam-801	518	6	normality	normality	NOUN
ejpam-801	518	7	versus	versus	ADP
ejpam-801	518	8	heavy	heavy	ADJ
ejpam-801	518	9	-	-	PUNCT
ejpam-801	518	10	tailed	tail	VERB
ejpam-801	518	11	distributions	distribution	NOUN
ejpam-801	518	12	.	.	PUNCT
ejpam-801	519	1	journal	journal	NOUN
ejpam-801	519	2	of	of	ADP
ejpam-801	519	3	applied	apply	VERB
ejpam-801	519	4	econometrics	econometric	NOUN
ejpam-801	519	5	,	,	PUNCT
ejpam-801	519	6	15:137–160	15:137–160	NUM
ejpam-801	519	7	,	,	PUNCT
ejpam-801	519	8	2000	2000	NUM
ejpam-801	519	9	.	.	PUNCT
ejpam-801	520	1	[	[	X
ejpam-801	520	2	37	37	NUM
ejpam-801	520	3	]	]	X
ejpam-801	520	4	s	s	PROPN
ejpam-801	520	5	-	-	PROPN
ejpam-801	520	6	j	j	PROPN
ejpam-801	520	7	lin	lin	PROPN
ejpam-801	520	8	and	and	CCONJ
ejpam-801	520	9	j	j	PROPN
ejpam-801	520	10	yang	yang	PROPN
ejpam-801	520	11	.	.	PUNCT
ejpam-801	521	1	testing	testing	NOUN
ejpam-801	521	2	shift	shift	NOUN
ejpam-801	521	3	in	in	ADP
ejpam-801	521	4	financial	financial	ADJ
ejpam-801	521	5	models	model	NOUN
ejpam-801	521	6	with	with	ADP
ejpam-801	521	7	conditional	conditional	ADJ
ejpam-801	521	8	heteroskedasticity	heteroskedasticity	NOUN
ejpam-801	521	9	:	:	PUNCT
ejpam-801	521	10	an	an	DET
ejpam-801	521	11	empirical	empirical	ADJ
ejpam-801	521	12	distribution	distribution	NOUN
ejpam-801	521	13	function	function	NOUN
ejpam-801	521	14	approach	approach	NOUN
ejpam-801	521	15	.	.	PUNCT
ejpam-801	522	1	1999	1999	NUM
ejpam-801	522	2	.	.	PUNCT
ejpam-801	523	1	research	research	NOUN
ejpam-801	523	2	paper	paper	NOUN
ejpam-801	523	3	30	30	NUM
ejpam-801	523	4	,	,	PUNCT
ejpam-801	523	5	university	university	NOUN
ejpam-801	523	6	of	of	ADP
ejpam-801	523	7	technology	technology	PROPN
ejpam-801	523	8	sydney	sydney	PROPN
ejpam-801	523	9	,	,	PUNCT
ejpam-801	523	10	quantitative	quantitative	ADJ
ejpam-801	523	11	finance	finance	NOUN
ejpam-801	523	12	research	research	NOUN
ejpam-801	523	13	group	group	NOUN
ejpam-801	523	14	.	.	PUNCT
ejpam-801	524	1	[	[	X
ejpam-801	524	2	38	38	NUM
ejpam-801	524	3	]	]	X
ejpam-801	524	4	s	s	VERB
ejpam-801	524	5	ling	ling	NOUN
ejpam-801	524	6	and	and	CCONJ
ejpam-801	524	7	m	m	VERB
ejpam-801	524	8	mcaleer	mcaleer	NOUN
ejpam-801	524	9	.	.	PUNCT
ejpam-801	525	1	testing	test	VERB
ejpam-801	525	2	garch	garch	NOUN
ejpam-801	525	3	versus	versus	ADP
ejpam-801	525	4	e	e	NOUN
ejpam-801	525	5	-	-	NOUN
ejpam-801	525	6	garch	garch	NOUN
ejpam-801	525	7	.	.	PUNCT
ejpam-801	526	1	in	in	ADP
ejpam-801	526	2	chan	chan	PROPN
ejpam-801	526	3	w	w	PROPN
ejpam-801	526	4	-	-	PUNCT
ejpam-801	526	5	s	s	PROPN
ejpam-801	526	6	,	,	PUNCT
ejpam-801	526	7	w	w	PROPN
ejpam-801	526	8	k	k	PROPN
ejpam-801	526	9	li	li	PROPN
ejpam-801	526	10	,	,	PUNCT
ejpam-801	526	11	and	and	CCONJ
ejpam-801	526	12	h	h	NOUN
ejpam-801	526	13	tong	tong	PROPN
ejpam-801	526	14	,	,	PUNCT
ejpam-801	526	15	editors	editor	NOUN
ejpam-801	526	16	,	,	PUNCT
ejpam-801	526	17	statistics	statistic	NOUN
ejpam-801	526	18	and	and	CCONJ
ejpam-801	526	19	finance	finance	NOUN
ejpam-801	526	20	:	:	PUNCT
ejpam-801	526	21	an	an	DET
ejpam-801	526	22	interface	interface	NOUN
ejpam-801	526	23	,	,	PUNCT
ejpam-801	526	24	pages	page	NOUN
ejpam-801	526	25	226–242	226–242	NUM
ejpam-801	526	26	,	,	PUNCT
ejpam-801	526	27	london	london	PROPN
ejpam-801	526	28	,	,	PUNCT
ejpam-801	526	29	2000	2000	NUM
ejpam-801	526	30	.	.	PUNCT
ejpam-801	527	1	imperial	imperial	ADJ
ejpam-801	527	2	college	college	NOUN
ejpam-801	527	3	press	press	NOUN
ejpam-801	527	4	.	.	PUNCT
ejpam-801	528	1	[	[	X
ejpam-801	528	2	39	39	NUM
ejpam-801	528	3	]	]	X
ejpam-801	528	4	s	s	VERB
ejpam-801	528	5	lundbergh	lundbergh	ADJ
ejpam-801	528	6	and	and	CCONJ
ejpam-801	528	7	t	t	PROPN
ejpam-801	528	8	teräsvirta	teräsvirta	NOUN
ejpam-801	528	9	.	.	PUNCT
ejpam-801	529	1	evaluating	evaluate	VERB
ejpam-801	529	2	garch	garch	NOUN
ejpam-801	529	3	models	model	NOUN
ejpam-801	529	4	.	.	PUNCT
ejpam-801	530	1	journal	journal	NOUN
ejpam-801	530	2	of	of	ADP
ejpam-801	530	3	econometrics	econometric	NOUN
ejpam-801	530	4	,	,	PUNCT
ejpam-801	530	5	110:417–435	110:417–435	NUM
ejpam-801	530	6	,	,	PUNCT
ejpam-801	530	7	2002	2002	NUM
ejpam-801	530	8	.	.	PUNCT
ejpam-801	531	1	[	[	X
ejpam-801	531	2	40	40	NUM
ejpam-801	531	3	]	]	X
ejpam-801	531	4	hans	hans	PROPN
ejpam-801	531	5	malmsten	malmsten	VERB
ejpam-801	531	6	.	.	PUNCT
ejpam-801	532	1	evaluating	evaluate	VERB
ejpam-801	532	2	exponential	exponential	ADJ
ejpam-801	532	3	garch	garch	NOUN
ejpam-801	532	4	models	model	NOUN
ejpam-801	532	5	.	.	PUNCT
ejpam-801	533	1	sse	sse	PROPN
ejpam-801	533	2	/	/	SYM
ejpam-801	533	3	efi	efi	PROPN
ejpam-801	533	4	working	working	PROPN
ejpam-801	533	5	paper	paper	NOUN
ejpam-801	533	6	series	series	NOUN
ejpam-801	533	7	in	in	ADP
ejpam-801	533	8	economics	economic	NOUN
ejpam-801	533	9	and	and	CCONJ
ejpam-801	533	10	finance	finance	NOUN
ejpam-801	533	11	564	564	NUM
ejpam-801	533	12	,	,	PUNCT
ejpam-801	533	13	stockholm	stockholm	PROPN
ejpam-801	533	14	school	school	NOUN
ejpam-801	533	15	of	of	ADP
ejpam-801	533	16	economics	economic	NOUN
ejpam-801	533	17	,	,	PUNCT
ejpam-801	533	18	2004	2004	NUM
ejpam-801	533	19	.	.	PUNCT
ejpam-801	534	1	[	[	X
ejpam-801	534	2	41	41	NUM
ejpam-801	534	3	]	]	X
ejpam-801	534	4	t	t	PROPN
ejpam-801	534	5	mikosch	mikosch	PROPN
ejpam-801	534	6	and	and	CCONJ
ejpam-801	534	7	c	c	X
ejpam-801	534	8	stărică.	stărică.	NOUN
ejpam-801	534	9	nonstationarities	nonstationaritie	NOUN
ejpam-801	534	10	in	in	ADP
ejpam-801	534	11	financial	financial	ADJ
ejpam-801	534	12	time	time	NOUN
ejpam-801	534	13	series	series	NOUN
ejpam-801	534	14	,	,	PUNCT
ejpam-801	534	15	the	the	DET
ejpam-801	534	16	long	long	ADJ
ejpam-801	534	17	-	-	PUNCT
ejpam-801	534	18	range	range	NOUN
ejpam-801	534	19	dependence	dependence	NOUN
ejpam-801	534	20	,	,	PUNCT
ejpam-801	534	21	and	and	CCONJ
ejpam-801	534	22	the	the	DET
ejpam-801	534	23	igarch	igarch	NOUN
ejpam-801	534	24	effects	effect	NOUN
ejpam-801	534	25	.	.	PUNCT
ejpam-801	535	1	review	review	NOUN
ejpam-801	535	2	of	of	ADP
ejpam-801	535	3	economics	economic	NOUN
ejpam-801	535	4	and	and	CCONJ
ejpam-801	535	5	statistics	statistic	NOUN
ejpam-801	535	6	,	,	PUNCT
ejpam-801	535	7	86:378–390	86:378–390	NUM
ejpam-801	535	8	,	,	PUNCT
ejpam-801	535	9	2004	2004	NUM
ejpam-801	535	10	.	.	PUNCT
ejpam-801	536	1	[	[	X
ejpam-801	536	2	42	42	NUM
ejpam-801	536	3	]	]	X
ejpam-801	536	4	d	d	PROPN
ejpam-801	536	5	b	b	X
ejpam-801	536	6	nelson	nelson	PROPN
ejpam-801	536	7	.	.	PUNCT
ejpam-801	537	1	conditional	conditional	ADJ
ejpam-801	537	2	heteroskedasticity	heteroskedasticity	NOUN
ejpam-801	537	3	in	in	ADP
ejpam-801	537	4	asset	asset	NOUN
ejpam-801	537	5	returns	return	NOUN
ejpam-801	537	6	:	:	PUNCT
ejpam-801	537	7	a	a	DET
ejpam-801	537	8	new	new	ADJ
ejpam-801	537	9	approach	approach	NOUN
ejpam-801	537	10	.	.	PUNCT
ejpam-801	538	1	econometrica	econometrica	PROPN
ejpam-801	538	2	,	,	PUNCT
ejpam-801	538	3	59:347–370	59:347–370	NUM
ejpam-801	538	4	,	,	PUNCT
ejpam-801	538	5	1991	1991	NUM
ejpam-801	538	6	.	.	PUNCT
ejpam-801	539	1	[	[	X
ejpam-801	539	2	43	43	NUM
ejpam-801	539	3	]	]	X
ejpam-801	539	4	d	d	PROPN
ejpam-801	539	5	b	b	X
ejpam-801	539	6	nelson	nelson	PROPN
ejpam-801	539	7	and	and	CCONJ
ejpam-801	539	8	c	c	NOUN
ejpam-801	539	9	q	q	PROPN
ejpam-801	539	10	cao	cao	PROPN
ejpam-801	539	11	.	.	PUNCT
ejpam-801	540	1	inequality	inequality	NOUN
ejpam-801	540	2	constraints	constraint	NOUN
ejpam-801	540	3	in	in	ADP
ejpam-801	540	4	the	the	DET
ejpam-801	540	5	univariate	univariate	ADJ
ejpam-801	540	6	garch	garch	NOUN
ejpam-801	540	7	model	model	NOUN
ejpam-801	540	8	.	.	PUNCT
ejpam-801	541	1	journal	journal	PROPN
ejpam-801	541	2	of	of	ADP
ejpam-801	541	3	business	business	NOUN
ejpam-801	541	4	and	and	CCONJ
ejpam-801	541	5	economic	economic	ADJ
ejpam-801	541	6	statistics	statistic	NOUN
ejpam-801	541	7	,	,	PUNCT
ejpam-801	541	8	10:229–235	10:229–235	NUM
ejpam-801	541	9	,	,	PUNCT
ejpam-801	541	10	1992	1992	NUM
ejpam-801	541	11	.	.	PUNCT
ejpam-801	542	1	[	[	X
ejpam-801	542	2	44	44	NUM
ejpam-801	542	3	]	]	SYM
ejpam-801	542	4	s	s	NOUN
ejpam-801	542	5	h	h	NOUN
ejpam-801	542	6	poon	poon	NOUN
ejpam-801	542	7	and	and	CCONJ
ejpam-801	542	8	c	c	PROPN
ejpam-801	542	9	w	w	PROPN
ejpam-801	542	10	j	j	PROPN
ejpam-801	542	11	granger	granger	PROPN
ejpam-801	542	12	.	.	PUNCT
ejpam-801	543	1	forecasting	forecast	VERB
ejpam-801	543	2	volatility	volatility	NOUN
ejpam-801	543	3	in	in	ADP
ejpam-801	543	4	financial	financial	ADJ
ejpam-801	543	5	markets	market	NOUN
ejpam-801	543	6	.	.	PUNCT
ejpam-801	544	1	journal	journal	NOUN
ejpam-801	544	2	of	of	ADP
ejpam-801	544	3	economic	economic	ADJ
ejpam-801	544	4	literature	literature	NOUN
ejpam-801	544	5	,	,	PUNCT
ejpam-801	544	6	41:478–539	41:478–539	PROPN
ejpam-801	544	7	,	,	PUNCT
ejpam-801	544	8	2003	2003	NUM
ejpam-801	544	9	.	.	PUNCT
ejpam-801	545	1	references	reference	NOUN
ejpam-801	545	2	462	462	NUM
ejpam-801	546	1	[	[	X
ejpam-801	546	2	45	45	NUM
ejpam-801	546	3	]	]	PUNCT
ejpam-801	546	4	t	t	PROPN
ejpam-801	546	5	rydén	rydén	NOUN
ejpam-801	546	6	,	,	PUNCT
ejpam-801	546	7	t	t	PROPN
ejpam-801	546	8	teräsvirta	teräsvirta	NOUN
ejpam-801	546	9	,	,	PUNCT
ejpam-801	546	10	and	and	CCONJ
ejpam-801	546	11	s	s	VERB
ejpam-801	546	12	åsbrink	åsbrink	NOUN
ejpam-801	546	13	.	.	PUNCT
ejpam-801	547	1	stylized	stylize	VERB
ejpam-801	547	2	facts	fact	NOUN
ejpam-801	547	3	of	of	ADP
ejpam-801	547	4	daily	daily	ADJ
ejpam-801	547	5	return	return	NOUN
ejpam-801	547	6	series	series	NOUN
ejpam-801	547	7	and	and	CCONJ
ejpam-801	547	8	the	the	DET
ejpam-801	547	9	hidden	hide	VERB
ejpam-801	547	10	markov	markov	NOUN
ejpam-801	547	11	model	model	NOUN
ejpam-801	547	12	.	.	PUNCT
ejpam-801	548	1	journal	journal	PROPN
ejpam-801	548	2	of	of	ADP
ejpam-801	548	3	applied	applied	ADJ
ejpam-801	548	4	econometrics	econometric	NOUN
ejpam-801	548	5	,	,	PUNCT
ejpam-801	548	6	13:217–244	13:217–244	NUM
ejpam-801	548	7	,	,	PUNCT
ejpam-801	548	8	1998	1998	NUM
ejpam-801	548	9	.	.	PUNCT
ejpam-801	549	1	[	[	X
ejpam-801	549	2	46	46	NUM
ejpam-801	549	3	]	]	X
ejpam-801	549	4	g	g	PROPN
ejpam-801	549	5	w	w	PROPN
ejpam-801	549	6	schwert	schwert	PROPN
ejpam-801	549	7	.	.	PUNCT
ejpam-801	550	1	why	why	SCONJ
ejpam-801	550	2	does	do	AUX
ejpam-801	550	3	stock	stock	NOUN
ejpam-801	550	4	market	market	NOUN
ejpam-801	550	5	volatility	volatility	NOUN
ejpam-801	550	6	change	change	NOUN
ejpam-801	550	7	over	over	ADP
ejpam-801	550	8	time	time	NOUN
ejpam-801	550	9	?	?	PUNCT
ejpam-801	551	1	journal	journal	NOUN
ejpam-801	551	2	of	of	ADP
ejpam-801	551	3	finance	finance	NOUN
ejpam-801	551	4	,	,	PUNCT
ejpam-801	551	5	45:1129–1155	45:1129–1155	NUM
ejpam-801	551	6	,	,	PUNCT
ejpam-801	551	7	1989	1989	NUM
ejpam-801	551	8	.	.	PUNCT
ejpam-801	552	1	[	[	X
ejpam-801	552	2	47	47	NUM
ejpam-801	552	3	]	]	X
ejpam-801	552	4	e	e	X
ejpam-801	552	5	sentana	sentana	PROPN
ejpam-801	552	6	.	.	PUNCT
ejpam-801	553	1	quadratic	quadratic	ADJ
ejpam-801	553	2	arch	arch	ADJ
ejpam-801	553	3	models	model	NOUN
ejpam-801	553	4	.	.	PUNCT
ejpam-801	554	1	review	review	NOUN
ejpam-801	554	2	of	of	ADP
ejpam-801	554	3	economic	economic	ADJ
ejpam-801	554	4	studies	study	NOUN
ejpam-801	554	5	,	,	PUNCT
ejpam-801	554	6	62:639–661	62:639–661	PROPN
ejpam-801	554	7	,	,	PUNCT
ejpam-801	554	8	1995	1995	NUM
ejpam-801	554	9	.	.	PUNCT
ejpam-801	555	1	[	[	X
ejpam-801	555	2	48	48	NUM
ejpam-801	555	3	]	]	PUNCT
ejpam-801	555	4	n	n	PRON
ejpam-801	555	5	shephard	shephard	NOUN
ejpam-801	555	6	.	.	PUNCT
ejpam-801	556	1	statistical	statistical	ADJ
ejpam-801	556	2	aspects	aspect	NOUN
ejpam-801	556	3	of	of	ADP
ejpam-801	556	4	arch	arch	ADJ
ejpam-801	556	5	and	and	CCONJ
ejpam-801	556	6	stochastic	stochastic	ADJ
ejpam-801	556	7	volatility	volatility	NOUN
ejpam-801	556	8	.	.	PUNCT
ejpam-801	557	1	in	in	ADP
ejpam-801	557	2	d	d	PROPN
ejpam-801	557	3	r	r	NOUN
ejpam-801	557	4	cox	cox	NOUN
ejpam-801	557	5	,	,	PUNCT
ejpam-801	557	6	o	o	NOUN
ejpam-801	557	7	e	e	ADP
ejpam-801	557	8	bandorff	bandorff	PROPN
ejpam-801	557	9	-	-	PUNCT
ejpam-801	557	10	nielsen	nielsen	NOUN
ejpam-801	557	11	,	,	PUNCT
ejpam-801	557	12	and	and	CCONJ
ejpam-801	557	13	d	d	X
ejpam-801	557	14	v	v	NUM
ejpam-801	557	15	hinkley	hinkley	NOUN
ejpam-801	557	16	,	,	PUNCT
ejpam-801	557	17	editors	editor	NOUN
ejpam-801	557	18	,	,	PUNCT
ejpam-801	557	19	statistical	statistical	ADJ
ejpam-801	557	20	models	model	NOUN
ejpam-801	557	21	in	in	ADP
ejpam-801	557	22	econometrics	econometric	NOUN
ejpam-801	557	23	,	,	PUNCT
ejpam-801	557	24	finance	finance	NOUN
ejpam-801	557	25	,	,	PUNCT
ejpam-801	557	26	and	and	CCONJ
ejpam-801	557	27	other	other	ADJ
ejpam-801	557	28	fields	field	NOUN
ejpam-801	557	29	,	,	PUNCT
ejpam-801	557	30	pages	page	NOUN
ejpam-801	557	31	1–67	1–67	PROPN
ejpam-801	557	32	,	,	PUNCT
ejpam-801	557	33	london	london	PROPN
ejpam-801	557	34	,	,	PUNCT
ejpam-801	557	35	1996	1996	NUM
ejpam-801	557	36	.	.	PUNCT
ejpam-801	558	1	chapman	chapman	NOUN
ejpam-801	558	2	and	and	CCONJ
ejpam-801	558	3	hall	hall	NOUN
ejpam-801	558	4	.	.	PUNCT
ejpam-801	559	1	[	[	X
ejpam-801	559	2	49	49	NUM
ejpam-801	559	3	]	]	PUNCT
ejpam-801	559	4	neil	neil	PROPN
ejpam-801	559	5	shephard	shephard	PROPN
ejpam-801	559	6	and	and	CCONJ
ejpam-801	559	7	torben	torben	PROPN
ejpam-801	559	8	g.	g.	PROPN
ejpam-801	559	9	andersen	andersen	PROPN
ejpam-801	559	10	.	.	PUNCT
ejpam-801	560	1	stochastic	stochastic	ADJ
ejpam-801	560	2	volatility	volatility	NOUN
ejpam-801	560	3	:	:	PUNCT
ejpam-801	560	4	origins	origin	NOUN
ejpam-801	560	5	and	and	CCONJ
ejpam-801	560	6	overview	overview	NOUN
ejpam-801	560	7	.	.	PUNCT
ejpam-801	561	1	in	in	ADP
ejpam-801	561	2	torben	torben	PROPN
ejpam-801	561	3	g.	g.	PROPN
ejpam-801	561	4	andersen	andersen	PROPN
ejpam-801	561	5	,	,	PUNCT
ejpam-801	561	6	richard	richard	PROPN
ejpam-801	561	7	a.	a.	PROPN
ejpam-801	561	8	davis	davis	PROPN
ejpam-801	561	9	,	,	PUNCT
ejpam-801	561	10	jens	jens	PROPN
ejpam-801	561	11	-	-	PUNCT
ejpam-801	561	12	peter	peter	PROPN
ejpam-801	561	13	kreiss	kreiss	PROPN
ejpam-801	561	14	,	,	PUNCT
ejpam-801	561	15	and	and	CCONJ
ejpam-801	561	16	thomas	thomas	PROPN
ejpam-801	561	17	mikosch	mikosch	PROPN
ejpam-801	561	18	,	,	PUNCT
ejpam-801	561	19	editors	editor	NOUN
ejpam-801	561	20	,	,	PUNCT
ejpam-801	561	21	handbook	handbook	NOUN
ejpam-801	561	22	of	of	ADP
ejpam-801	561	23	financial	financial	ADJ
ejpam-801	561	24	time	time	NOUN
ejpam-801	561	25	series	series	NOUN
ejpam-801	561	26	,	,	PUNCT
ejpam-801	561	27	pages	page	NOUN
ejpam-801	561	28	233–254	233–254	NUM
ejpam-801	561	29	,	,	PUNCT
ejpam-801	561	30	new	new	PROPN
ejpam-801	561	31	york	york	PROPN
ejpam-801	561	32	,	,	PUNCT
ejpam-801	561	33	2009	2009	NUM
ejpam-801	561	34	.	.	PUNCT
ejpam-801	561	35	springer	springer	NOUN
ejpam-801	561	36	.	.	PUNCT
ejpam-801	562	1	[	[	X
ejpam-801	562	2	50	50	NUM
ejpam-801	562	3	]	]	SYM
ejpam-801	562	4	s	s	PROPN
ejpam-801	562	5	taylor	taylor	PROPN
ejpam-801	562	6	.	.	PUNCT
ejpam-801	563	1	modelling	model	VERB
ejpam-801	563	2	financial	financial	ADJ
ejpam-801	563	3	time	time	NOUN
ejpam-801	563	4	series	series	PROPN
ejpam-801	563	5	.	.	PUNCT
ejpam-801	564	1	wiley	wiley	PROPN
ejpam-801	564	2	,	,	PUNCT
ejpam-801	564	3	new	new	PROPN
ejpam-801	564	4	york	york	PROPN
ejpam-801	564	5	,	,	PUNCT
ejpam-801	564	6	1986	1986	NUM
ejpam-801	564	7	.	.	PUNCT
ejpam-801	565	1	[	[	X
ejpam-801	565	2	51	51	NUM
ejpam-801	565	3	]	]	PUNCT
ejpam-801	565	4	t	t	PROPN
ejpam-801	565	5	teräsvirta	teräsvirta	PROPN
ejpam-801	565	6	.	.	PUNCT
ejpam-801	566	1	two	two	NUM
ejpam-801	566	2	stylized	stylize	VERB
ejpam-801	566	3	facts	fact	NOUN
ejpam-801	566	4	and	and	CCONJ
ejpam-801	566	5	the	the	DET
ejpam-801	566	6	garch(1,1	garch(1,1	NOUN
ejpam-801	566	7	)	)	PUNCT
ejpam-801	566	8	model	model	NOUN
ejpam-801	566	9	.	.	PUNCT
ejpam-801	567	1	working	work	VERB
ejpam-801	567	2	paper	paper	NOUN
ejpam-801	567	3	series	series	NOUN
ejpam-801	567	4	in	in	ADP
ejpam-801	567	5	economics	economic	NOUN
ejpam-801	567	6	and	and	CCONJ
ejpam-801	567	7	finance	finance	NOUN
ejpam-801	567	8	,	,	PUNCT
ejpam-801	567	9	stockholm	stockholm	PROPN
ejpam-801	567	10	school	school	NOUN
ejpam-801	567	11	of	of	ADP
ejpam-801	567	12	economics	economic	NOUN
ejpam-801	567	13	,	,	PUNCT
ejpam-801	567	14	no	no	INTJ
ejpam-801	567	15	.	.	NOUN
ejpam-801	567	16	96	96	NUM
ejpam-801	567	17	,	,	PUNCT
ejpam-801	567	18	1996	1996	NUM
ejpam-801	567	19	.	.	PUNCT
ejpam-801	568	1	[	[	X
ejpam-801	568	2	52	52	NUM
ejpam-801	568	3	]	]	PUNCT
ejpam-801	568	4	timo	timo	PROPN
ejpam-801	568	5	teräsvirta	teräsvirta	PROPN
ejpam-801	568	6	.	.	PUNCT
ejpam-801	569	1	an	an	DET
ejpam-801	569	2	introduction	introduction	NOUN
ejpam-801	569	3	to	to	ADP
ejpam-801	569	4	univariate	univariate	ADJ
ejpam-801	569	5	garch	garch	NOUN
ejpam-801	569	6	models	model	NOUN
ejpam-801	569	7	.	.	PUNCT
ejpam-801	570	1	in	in	ADP
ejpam-801	570	2	torben	torben	PROPN
ejpam-801	570	3	g.	g.	PROPN
ejpam-801	570	4	andersen	andersen	PROPN
ejpam-801	570	5	,	,	PUNCT
ejpam-801	570	6	richard	richard	PROPN
ejpam-801	570	7	a.	a.	PROPN
ejpam-801	570	8	davis	davis	PROPN
ejpam-801	570	9	,	,	PUNCT
ejpam-801	570	10	jens	jens	PROPN
ejpam-801	570	11	-	-	PUNCT
ejpam-801	570	12	peter	peter	PROPN
ejpam-801	570	13	kreiss	kreiss	PROPN
ejpam-801	570	14	,	,	PUNCT
ejpam-801	570	15	and	and	CCONJ
ejpam-801	570	16	thomas	thomas	PROPN
ejpam-801	570	17	mikosch	mikosch	PROPN
ejpam-801	570	18	,	,	PUNCT
ejpam-801	570	19	editors	editor	NOUN
ejpam-801	570	20	,	,	PUNCT
ejpam-801	570	21	handbook	handbook	NOUN
ejpam-801	570	22	of	of	ADP
ejpam-801	570	23	financial	financial	ADJ
ejpam-801	570	24	time	time	NOUN
ejpam-801	570	25	series	series	PROPN
ejpam-801	570	26	,	,	PUNCT
ejpam-801	570	27	pages	page	NOUN
ejpam-801	570	28	17–42	17–42	NUM
ejpam-801	570	29	,	,	PUNCT
ejpam-801	570	30	new	new	PROPN
ejpam-801	570	31	york	york	PROPN
ejpam-801	570	32	,	,	PUNCT
ejpam-801	570	33	2009	2009	NUM
ejpam-801	570	34	.	.	PUNCT
ejpam-801	570	35	springer	springer	NOUN
ejpam-801	570	36	.	.	PUNCT
ejpam-801	571	1	[	[	X
ejpam-801	571	2	53	53	NUM
ejpam-801	571	3	]	]	PUNCT
ejpam-801	571	4	timo	timo	PROPN
ejpam-801	571	5	teräsvirta	teräsvirta	PROPN
ejpam-801	571	6	,	,	PUNCT
ejpam-801	571	7	dag	dag	PROPN
ejpam-801	571	8	tjøstheim	tjøstheim	PROPN
ejpam-801	571	9	,	,	PUNCT
ejpam-801	571	10	and	and	CCONJ
ejpam-801	571	11	clive	clive	PROPN
ejpam-801	571	12	w.	w.	PROPN
ejpam-801	571	13	j.	j.	PROPN
ejpam-801	571	14	granger	granger	PROPN
ejpam-801	571	15	.	.	PUNCT
ejpam-801	572	1	modelling	model	VERB
ejpam-801	572	2	nonlinear	nonlinear	ADJ
ejpam-801	572	3	economic	economic	ADJ
ejpam-801	572	4	time	time	NOUN
ejpam-801	572	5	series	series	NOUN
ejpam-801	572	6	.	.	PUNCT
ejpam-801	573	1	oxford	oxford	PROPN
ejpam-801	573	2	university	university	PROPN
ejpam-801	573	3	press	press	NOUN
ejpam-801	573	4	,	,	PUNCT
ejpam-801	573	5	oxford	oxford	PROPN
ejpam-801	573	6	,	,	PUNCT
ejpam-801	573	7	2010	2010	NUM
ejpam-801	573	8	.	.	PUNCT
ejpam-801	574	1	[	[	X
ejpam-801	574	2	54	54	NUM
ejpam-801	574	3	]	]	PUNCT
ejpam-801	574	4	timo	timo	PROPN
ejpam-801	574	5	teräsvirta	teräsvirta	PROPN
ejpam-801	574	6	and	and	CCONJ
ejpam-801	574	7	zhenfang	zhenfang	PROPN
ejpam-801	574	8	zhao	zhao	PROPN
ejpam-801	574	9	.	.	PUNCT
ejpam-801	575	1	stylized	stylize	VERB
ejpam-801	575	2	facts	fact	NOUN
ejpam-801	575	3	of	of	ADP
ejpam-801	575	4	return	return	NOUN
ejpam-801	575	5	series	series	NOUN
ejpam-801	575	6	,	,	PUNCT
ejpam-801	575	7	robust	robust	ADJ
ejpam-801	575	8	estimates	estimate	NOUN
ejpam-801	575	9	,	,	PUNCT
ejpam-801	575	10	and	and	CCONJ
ejpam-801	575	11	three	three	NUM
ejpam-801	575	12	popular	popular	ADJ
ejpam-801	575	13	models	model	NOUN
ejpam-801	575	14	of	of	ADP
ejpam-801	575	15	volatility	volatility	NOUN
ejpam-801	575	16	.	.	PUNCT
ejpam-801	576	1	sse	sse	PROPN
ejpam-801	576	2	/	/	SYM
ejpam-801	576	3	efi	efi	PROPN
ejpam-801	576	4	working	working	PROPN
ejpam-801	576	5	paper	paper	NOUN
ejpam-801	576	6	series	series	NOUN
ejpam-801	576	7	in	in	ADP
ejpam-801	576	8	economics	economic	NOUN
ejpam-801	576	9	and	and	CCONJ
ejpam-801	576	10	finance	finance	NOUN
ejpam-801	576	11	662	662	NUM
ejpam-801	576	12	,	,	PUNCT
ejpam-801	576	13	stockholm	stockholm	PROPN
ejpam-801	576	14	school	school	NOUN
ejpam-801	576	15	of	of	ADP
ejpam-801	576	16	economics	economic	NOUN
ejpam-801	576	17	,	,	PUNCT
ejpam-801	576	18	2007	2007	NUM
ejpam-801	576	19	.	.	PUNCT
ejpam-801	577	1	[	[	X
ejpam-801	577	2	55	55	NUM
ejpam-801	577	3	]	]	X
ejpam-801	577	4	y	y	PROPN
ejpam-801	577	5	k	k	PROPN
ejpam-801	577	6	tse	tse	PROPN
ejpam-801	577	7	,	,	PUNCT
ejpam-801	577	8	x	x	PROPN
ejpam-801	577	9	b	b	PROPN
ejpam-801	577	10	zhang	zhang	PROPN
ejpam-801	577	11	,	,	PUNCT
ejpam-801	577	12	and	and	CCONJ
ejpam-801	577	13	j	j	PROPN
ejpam-801	577	14	yu	yu	PROPN
ejpam-801	577	15	.	.	PROPN
ejpam-801	577	16	estimation	estimation	NOUN
ejpam-801	577	17	of	of	ADP
ejpam-801	577	18	hyperbolic	hyperbolic	ADJ
ejpam-801	577	19	diffusions	diffusion	NOUN
ejpam-801	577	20	using	use	VERB
ejpam-801	577	21	markov	markov	NOUN
ejpam-801	577	22	chain	chain	NOUN
ejpam-801	577	23	monte	monte	PROPN
ejpam-801	577	24	carlo	carlo	PROPN
ejpam-801	577	25	method	method	PROPN
ejpam-801	577	26	.	.	PUNCT
ejpam-801	578	1	quantitative	quantitative	ADJ
ejpam-801	578	2	finance	finance	NOUN
ejpam-801	578	3	,	,	PUNCT
ejpam-801	578	4	4:158–169	4:158–169	PROPN
ejpam-801	578	5	,	,	PUNCT
ejpam-801	578	6	2004	2004	NUM
ejpam-801	578	7	.	.	PUNCT
ejpam-801	579	1	[	[	X
ejpam-801	579	2	56	56	NUM
ejpam-801	579	3	]	]	X
ejpam-801	579	4	sébastien	sébastien	PROPN
ejpam-801	579	5	van	van	PROPN
ejpam-801	579	6	bellegem	bellegem	PROPN
ejpam-801	579	7	and	and	CCONJ
ejpam-801	579	8	rainer	rainer	PROPN
ejpam-801	579	9	von	von	PROPN
ejpam-801	579	10	sachs	sachs	PROPN
ejpam-801	579	11	.	.	PUNCT
ejpam-801	580	1	forecasting	forecast	VERB
ejpam-801	580	2	economic	economic	ADJ
ejpam-801	580	3	time	time	NOUN
ejpam-801	580	4	series	series	NOUN
ejpam-801	580	5	with	with	ADP
ejpam-801	580	6	unconditional	unconditional	ADJ
ejpam-801	580	7	time	time	NOUN
ejpam-801	580	8	-	-	PUNCT
ejpam-801	580	9	varying	vary	VERB
ejpam-801	580	10	variance	variance	NOUN
ejpam-801	580	11	.	.	PUNCT
ejpam-801	581	1	international	international	ADJ
ejpam-801	581	2	journal	journal	PROPN
ejpam-801	581	3	of	of	ADP
ejpam-801	581	4	forecasting	forecasting	NOUN
ejpam-801	581	5	,	,	PUNCT
ejpam-801	581	6	20:611–627	20:611–627	PROPN
ejpam-801	581	7	,	,	PUNCT
ejpam-801	581	8	2004	2004	NUM
ejpam-801	581	9	.	.	PUNCT
ejpam-801	582	1	references	reference	NOUN
ejpam-801	582	2	463	463	NUM
ejpam-801	582	3	appendix	appendix	ADJ
ejpam-801	582	4	figure	figure	NOUN
ejpam-801	582	5	1	1	NUM
ejpam-801	582	6	:	:	PUNCT
ejpam-801	582	7	uppermost	uppermost	ADJ
ejpam-801	582	8	panel	panel	NOUN
ejpam-801	582	9	,	,	PUNCT
ejpam-801	582	10	log	log	NOUN
ejpam-801	582	11	-	-	PUNCT
ejpam-801	582	12	returns	return	NOUN
ejpam-801	582	13	of	of	ADP
ejpam-801	582	14	the	the	DET
ejpam-801	582	15	s&p	s&p	PROPN
ejpam-801	582	16	500	500	NUM
ejpam-801	582	17	index	index	NOUN
ejpam-801	582	18	3	3	NUM
ejpam-801	582	19	january	january	NOUN
ejpam-801	582	20	1928	1928	NUM
ejpam-801	582	21	to	to	ADP
ejpam-801	582	22	19	19	NUM
ejpam-801	582	23	september	september	PROPN
ejpam-801	582	24	2001.se	2001.se	ADJ
ejpam-801	582	25	ond	ond	PROPN
ejpam-801	582	26	panel	panel	NOUN
ejpam-801	582	27	,	,	PUNCT
ejpam-801	582	28	the	the	DET
ejpam-801	582	29	auto	auto	NOUN
ejpam-801	582	30	orrelation	orrelation	NOUN
ejpam-801	582	31	fun	fun	NOUN
ejpam-801	582	32	tion	tion	NOUN
ejpam-801	582	33	of	of	ADP
ejpam-801	582	34	|rt	|rt	NOUN
ejpam-801	582	35	|	|	ADV
ejpam-801	582	36	m	m	NOUN
ejpam-801	582	37	,	,	PUNCT
ejpam-801	582	38	m	m	VERB
ejpam-801	582	39	=	=	NOUN
ejpam-801	582	40	0.25	0.25	NUM
ejpam-801	582	41	,	,	PUNCT
ejpam-801	582	42	0.5	0.5	NUM
ejpam-801	582	43	,	,	PUNCT
ejpam-801	582	44	0.75	0.75	NUM
ejpam-801	582	45	,	,	PUNCT
ejpam-801	582	46	1	1	NUM
ejpam-801	582	47	,	,	PUNCT
ejpam-801	582	48	from	from	ADP
ejpam-801	582	49	low	low	ADJ
ejpam-801	582	50	to	to	ADP
ejpam-801	582	51	high	high	ADJ
ejpam-801	582	52	,	,	PUNCT
ejpam-801	582	53	for	for	ADP
ejpam-801	582	54	the	the	DET
ejpam-801	582	55	s&p500	s&p500	PROPN
ejpam-801	582	56	index	index	NOUN
ejpam-801	582	57	.	.	PUNCT
ejpam-801	583	1	third	third	ADJ
ejpam-801	583	2	panel	panel	NOUN
ejpam-801	583	3	,	,	PUNCT
ejpam-801	583	4	the	the	DET
ejpam-801	583	5	auto	auto	NOUN
ejpam-801	583	6	orrelation	orrelation	NOUN
ejpam-801	583	7	fun	fun	NOUN
ejpam-801	583	8	tion	tion	NOUN
ejpam-801	583	9	of	of	ADP
ejpam-801	583	10	|rt	|rt	NOUN
ejpam-801	583	11	|	|	ADV
ejpam-801	583	12	m	m	NOUN
ejpam-801	583	13	,	,	PUNCT
ejpam-801	583	14	m	m	VERB
ejpam-801	583	15	=	=	NOUN
ejpam-801	583	16	1	1	NUM
ejpam-801	583	17	,	,	PUNCT
ejpam-801	583	18	1.25	1.25	NUM
ejpam-801	583	19	,	,	PUNCT
ejpam-801	583	20	1.5	1.5	NUM
ejpam-801	583	21	,	,	PUNCT
ejpam-801	583	22	1.75	1.75	NUM
ejpam-801	583	23	,	,	PUNCT
ejpam-801	583	24	2	2	NUM
ejpam-801	583	25	,	,	PUNCT
ejpam-801	583	26	from	from	ADP
ejpam-801	583	27	high	high	ADJ
ejpam-801	583	28	to	to	ADP
ejpam-801	583	29	low	low	ADJ
ejpam-801	583	30	,	,	PUNCT
ejpam-801	583	31	forthe	forthe	PRON
ejpam-801	583	32	s&p	s&p	PROPN
ejpam-801	583	33	500	500	NUM
ejpam-801	583	34	index	index	NOUN
ejpam-801	583	35	.	.	PUNCT
ejpam-801	584	1	lowest	low	ADJ
ejpam-801	584	2	panel	panel	NOUN
ejpam-801	584	3	,	,	PUNCT
ejpam-801	584	4	the	the	DET
ejpam-801	584	5	auto	auto	NOUN
ejpam-801	584	6	orrelation	orrelation	NOUN
ejpam-801	584	7	fun	fun	NOUN
ejpam-801	584	8	tion	tion	NOUN
ejpam-801	584	9	of	of	ADP
ejpam-801	584	10	|rt	|rt	NOUN
ejpam-801	584	11	|	|	ADV
ejpam-801	584	12	for	for	ADP
ejpam-801	584	13	the	the	DET
ejpam-801	584	14	whole	whole	ADJ
ejpam-801	584	15	series	series	NOUN
ejpam-801	584	16	(	(	PUNCT
ejpam-801	584	17	highest	high	ADJ
ejpam-801	584	18	graph)and	graph)and	NOUN
ejpam-801	584	19	the	the	DET
ejpam-801	584	20	mean	mean	NOUN
ejpam-801	584	21	of	of	ADP
ejpam-801	584	22	the	the	DET
ejpam-801	584	23	orresponding	orresponde	VERB
ejpam-801	584	24	auto	auto	NOUN
ejpam-801	584	25	orrelations	orrelation	NOUN
ejpam-801	584	26	of	of	ADP
ejpam-801	584	27	the	the	DET
ejpam-801	584	28	20	20	NUM
ejpam-801	584	29	equally	equally	ADV
ejpam-801	584	30	long	long	ADJ
ejpam-801	584	31	subseries	subserie	NOUN
ejpam-801	584	32	of	of	ADP
ejpam-801	584	33	the	the	DET
ejpam-801	584	34	s&p	s&p	PROPN
ejpam-801	584	35	500	500	NUM
ejpam-801	584	36	indextogether	indextogether	NOUN
ejpam-801	584	37	with	with	ADP
ejpam-801	584	38	the	the	DET
ejpam-801	584	39	plus	plus	NOUN
ejpam-801	584	40	/	/	SYM
ejpam-801	584	41	minus	minus	CCONJ
ejpam-801	584	42	one	one	NUM
ejpam-801	584	43	standard	standard	ADJ
ejpam-801	584	44	deviation	deviation	NOUN
ejpam-801	584	45	band	band	NOUN
ejpam-801	584	46	.	.	PUNCT
ejpam-801	585	1	references	reference	NOUN
ejpam-801	585	2	464	464	NUM
ejpam-801	585	3	figure	figure	NOUN
ejpam-801	585	4	2	2	NUM
ejpam-801	585	5	:	:	PUNCT
ejpam-801	585	6	combinations	combination	NOUN
ejpam-801	585	7	of	of	ADP
ejpam-801	585	8	the	the	DET
ejpam-801	585	9	�	�	PROPN
ejpam-801	585	10	rst	rst	ADJ
ejpam-801	585	11	-	-	PUNCT
ejpam-801	585	12	order	order	NOUN
ejpam-801	585	13	auto	auto	NOUN
ejpam-801	585	14	orrelation	orrelation	NOUN
ejpam-801	585	15	of	of	ADP
ejpam-801	585	16	squared	square	VERB
ejpam-801	585	17	observations	observation	NOUN
ejpam-801	585	18	and	and	CCONJ
ejpam-801	585	19	kurtosis	kurtosis	NOUN
ejpam-801	585	20	for	for	ADP
ejpam-801	585	21	thegarch(1,1	thegarch(1,1	NOUN
ejpam-801	585	22	)	)	PUNCT
ejpam-801	585	23	model	model	NOUN
ejpam-801	585	24	with	with	ADP
ejpam-801	585	25	normal	normal	ADJ
ejpam-801	585	26	errors	error	NOUN
ejpam-801	585	27	for	for	ADP
ejpam-801	585	28	various	various	ADJ
ejpam-801	585	29	values	value	NOUN
ejpam-801	585	30	of	of	ADP
ejpam-801	585	31	α	α	PROPN
ejpam-801	585	32	+	+	X
ejpam-801	585	33	β	β	X
ejpam-801	585	34	.	.	PUNCT
ejpam-801	586	1	isoquants	isoquant	NOUN
ejpam-801	586	2	from	from	ADP
ejpam-801	586	3	lowest	low	ADJ
ejpam-801	586	4	to	to	ADP
ejpam-801	586	5	highest	highest	ADV
ejpam-801	586	6	:	:	PUNCT
ejpam-801	586	7	α+	α+	X
ejpam-801	586	8	β	β	X
ejpam-801	586	9	=	=	PUNCT
ejpam-801	586	10	0.999	0.999	NUM
ejpam-801	586	11	,	,	PUNCT
ejpam-801	586	12	0.99	0.99	NUM
ejpam-801	586	13	and	and	CCONJ
ejpam-801	586	14	0.95	0.95	NUM
ejpam-801	586	15	.	.	PUNCT
ejpam-801	586	16	figure	figure	VERB
ejpam-801	586	17	3	3	NUM
ejpam-801	586	18	:	:	PUNCT
ejpam-801	586	19	combinations	combination	NOUN
ejpam-801	586	20	of	of	ADP
ejpam-801	586	21	the	the	DET
ejpam-801	586	22	�	�	PROPN
ejpam-801	586	23	rst	rst	ADJ
ejpam-801	586	24	-	-	PUNCT
ejpam-801	586	25	order	order	NOUN
ejpam-801	586	26	auto	auto	NOUN
ejpam-801	586	27	orrelation	orrelation	NOUN
ejpam-801	586	28	of	of	ADP
ejpam-801	586	29	squared	square	VERB
ejpam-801	586	30	observations	observation	NOUN
ejpam-801	586	31	and	and	CCONJ
ejpam-801	586	32	kurtosis	kurtosis	NOUN
ejpam-801	586	33	for	for	ADP
ejpam-801	586	34	thegarch(1,1	thegarch(1,1	NOUN
ejpam-801	586	35	)	)	PUNCT
ejpam-801	586	36	model	model	NOUN
ejpam-801	586	37	with	with	ADP
ejpam-801	586	38	normal	normal	ADJ
ejpam-801	586	39	errors	error	NOUN
ejpam-801	586	40	for	for	ADP
ejpam-801	586	41	various	various	ADJ
ejpam-801	586	42	values	value	NOUN
ejpam-801	586	43	of	of	ADP
ejpam-801	586	44	α+	α+	PRON
ejpam-801	586	45	β	β	X
ejpam-801	586	46	together	together	ADV
ejpam-801	586	47	with	with	ADP
ejpam-801	586	48	observed	observed	ADJ
ejpam-801	586	49	ombinationsof	ombinationsof	NOUN
ejpam-801	586	50	daily	daily	ADJ
ejpam-801	586	51	rates	rate	NOUN
ejpam-801	586	52	of	of	ADP
ejpam-801	586	53	return	return	NOUN
ejpam-801	586	54	:	:	PUNCT
ejpam-801	586	55	upper	upper	ADJ
ejpam-801	586	56	-	-	PUNCT
ejpam-801	586	57	left	leave	VERB
ejpam-801	586	58	panel	panel	NOUN
ejpam-801	586	59	,	,	PUNCT
ejpam-801	586	60	daily	daily	ADJ
ejpam-801	586	61	returns	return	NOUN
ejpam-801	586	62	of	of	ADP
ejpam-801	586	63	the	the	DET
ejpam-801	586	64	27	27	NUM
ejpam-801	586	65	most	most	ADV
ejpam-801	586	66	traded	trade	VERB
ejpam-801	586	67	sto	sto	NOUN
ejpam-801	586	68	ks	ks	PROPN
ejpam-801	586	69	at	at	ADP
ejpam-801	586	70	the	the	DET
ejpam-801	586	71	sto	sto	PROPN
ejpam-801	586	72	kholmsto	kholmsto	PROPN
ejpam-801	586	73	k	k	PROPN
ejpam-801	586	74	ex	ex	PROPN
ejpam-801	586	75	hange	hange	PROPN
ejpam-801	586	76	.	.	PUNCT
ejpam-801	587	1	lower	lower	ADV
ejpam-801	587	2	-	-	PUNCT
ejpam-801	587	3	left	leave	VERB
ejpam-801	587	4	panel	panel	NOUN
ejpam-801	587	5	,	,	PUNCT
ejpam-801	587	6	the	the	DET
ejpam-801	587	7	s&p	s&p	PROPN
ejpam-801	587	8	500	500	NUM
ejpam-801	587	9	index	index	NOUN
ejpam-801	587	10	3	3	NUM
ejpam-801	587	11	january	january	NOUN
ejpam-801	587	12	1928	1928	NUM
ejpam-801	587	13	to	to	ADP
ejpam-801	587	14	19	19	NUM
ejpam-801	587	15	september	september	PROPN
ejpam-801	587	16	2001	2001	NUM
ejpam-801	587	17	,	,	PUNCT
ejpam-801	587	18	divided	divide	VERB
ejpam-801	587	19	to20	to20	PROPN
ejpam-801	587	20	equally	equally	ADV
ejpam-801	587	21	long	long	ADJ
ejpam-801	587	22	subseries	subserie	NOUN
ejpam-801	587	23	.	.	PUNCT
ejpam-801	588	1	upper	upper	ADJ
ejpam-801	588	2	-	-	PUNCT
ejpam-801	588	3	right	right	NOUN
ejpam-801	588	4	panel	panel	NOUN
ejpam-801	588	5	,	,	PUNCT
ejpam-801	588	6	�	�	PROPN
ejpam-801	588	7	ve	ve	VERB
ejpam-801	588	8	major	major	ADJ
ejpam-801	588	9	daily	daily	ADJ
ejpam-801	588	10	ex	ex	X
ejpam-801	588	11	hange	hange	PROPN
ejpam-801	588	12	rates	rate	NOUN
ejpam-801	588	13	series	serie	NOUN
ejpam-801	588	14	divided	divide	VERB
ejpam-801	588	15	to	to	ADP
ejpam-801	588	16	34	34	NUM
ejpam-801	588	17	subseries.lower	subseries.low	ADJ
ejpam-801	588	18	-	-	PUNCT
ejpam-801	588	19	right	right	NOUN
ejpam-801	588	20	panel	panel	NOUN
ejpam-801	588	21	,	,	PUNCT
ejpam-801	588	22	all	all	DET
ejpam-801	588	23	observations	observation	NOUN
ejpam-801	588	24	.	.	PUNCT
ejpam-801	589	1	isoquants	isoquant	NOUN
ejpam-801	589	2	from	from	ADP
ejpam-801	589	3	lowest	low	ADJ
ejpam-801	589	4	to	to	ADP
ejpam-801	589	5	highest	highest	ADV
ejpam-801	589	6	:	:	PUNCT
ejpam-801	589	7	α+	α+	X
ejpam-801	589	8	β	β	X
ejpam-801	589	9	=	=	PUNCT
ejpam-801	589	10	0.999	0.999	NUM
ejpam-801	589	11	,	,	PUNCT
ejpam-801	589	12	0.99	0.99	NUM
ejpam-801	589	13	,	,	PUNCT
ejpam-801	589	14	0.95	0.95	NUM
ejpam-801	589	15	and	and	CCONJ
ejpam-801	589	16	0.9	0.9	NUM
ejpam-801	589	17	.	.	PUNCT
ejpam-801	590	1	references	reference	NOUN
ejpam-801	590	2	465	465	NUM
ejpam-801	590	3	figure	figure	NOUN
ejpam-801	590	4	4	4	NUM
ejpam-801	590	5	:	:	PUNCT
ejpam-801	590	6	combinations	combination	NOUN
ejpam-801	590	7	of	of	ADP
ejpam-801	590	8	the	the	DET
ejpam-801	590	9	�	�	PROPN
ejpam-801	590	10	rst	rst	ADJ
ejpam-801	590	11	-	-	PUNCT
ejpam-801	590	12	order	order	NOUN
ejpam-801	590	13	auto	auto	NOUN
ejpam-801	590	14	orrelation	orrelation	NOUN
ejpam-801	590	15	of	of	ADP
ejpam-801	590	16	squared	square	VERB
ejpam-801	590	17	observations	observation	NOUN
ejpam-801	590	18	and	and	CCONJ
ejpam-801	590	19	kurtosis	kurtosis	NOUN
ejpam-801	590	20	for	for	ADP
ejpam-801	590	21	thegarch(1,1	thegarch(1,1	NOUN
ejpam-801	590	22	)	)	PUNCT
ejpam-801	590	23	model	model	NOUN
ejpam-801	590	24	with	with	ADP
ejpam-801	590	25	normal	normal	ADJ
ejpam-801	590	26	errors	error	NOUN
ejpam-801	590	27	for	for	ADP
ejpam-801	590	28	various	various	ADJ
ejpam-801	590	29	values	value	NOUN
ejpam-801	590	30	of	of	ADP
ejpam-801	590	31	α+β	α+β	NUM
ejpam-801	590	32	together	together	ADV
ejpam-801	590	33	with	with	ADP
ejpam-801	590	34	100	100	NUM
ejpam-801	590	35	realizations	realization	NOUN
ejpam-801	590	36	based	base	VERB
ejpam-801	590	37	on	on	ADP
ejpam-801	590	38	tsimulated	tsimulate	VERB
ejpam-801	590	39	observations	observation	NOUN
ejpam-801	590	40	from	from	ADP
ejpam-801	590	41	an	an	DET
ejpam-801	590	42	igarch(1,1	igarch(1,1	NOUN
ejpam-801	590	43	)	)	PUNCT
ejpam-801	590	44	model	model	NOUN
ejpam-801	590	45	with	with	ADP
ejpam-801	590	46	α0	α0	PROPN
ejpam-801	590	47	=	=	SYM
ejpam-801	590	48	α	α	NOUN
ejpam-801	590	49	=	=	SYM
ejpam-801	590	50	0.1	0.1	NUM
ejpam-801	590	51	:	:	PUNCT
ejpam-801	590	52	t	t	NOUN
ejpam-801	590	53	=	=	SYM
ejpam-801	590	54	100	100	NUM
ejpam-801	590	55	(	(	PUNCT
ejpam-801	590	56	�	�	NOUN
ejpam-801	590	57	rst	rst	NOUN
ejpam-801	590	58	panel	panel	NOUN
ejpam-801	590	59	)	)	PUNCT
ejpam-801	590	60	,	,	PUNCT
ejpam-801	590	61	500	500	NUM
ejpam-801	590	62	(	(	PUNCT
ejpam-801	590	63	se	se	ADV
ejpam-801	590	64	ondpanel	ondpanel	PROPN
ejpam-801	590	65	)	)	PUNCT
ejpam-801	590	66	,	,	PUNCT
ejpam-801	590	67	1000	1000	NUM
ejpam-801	590	68	(	(	PUNCT
ejpam-801	590	69	third	third	ADJ
ejpam-801	590	70	panel	panel	NOUN
ejpam-801	590	71	)	)	PUNCT
ejpam-801	590	72	and	and	CCONJ
ejpam-801	590	73	2000	2000	NUM
ejpam-801	590	74	(	(	PUNCT
ejpam-801	590	75	fourth	fourth	ADJ
ejpam-801	590	76	panel	panel	NOUN
ejpam-801	590	77	)	)	PUNCT
ejpam-801	590	78	.	.	PUNCT
ejpam-801	591	1	isoquants	isoquant	NOUN
ejpam-801	591	2	from	from	ADP
ejpam-801	591	3	lowest	low	ADJ
ejpam-801	591	4	to	to	ADP
ejpam-801	591	5	highest	highest	ADV
ejpam-801	591	6	:	:	PUNCT
ejpam-801	591	7	α+	α+	X
ejpam-801	591	8	β	β	X
ejpam-801	591	9	=	=	PUNCT
ejpam-801	591	10	0.999	0.999	NUM
ejpam-801	591	11	,	,	PUNCT
ejpam-801	591	12	0.99	0.99	NUM
ejpam-801	591	13	,	,	PUNCT
ejpam-801	591	14	0.95	0.95	NUM
ejpam-801	591	15	and	and	CCONJ
ejpam-801	591	16	0.9	0.9	NUM
ejpam-801	591	17	.	.	PUNCT
ejpam-801	592	1	references	reference	NOUN
ejpam-801	592	2	466	466	NUM
ejpam-801	592	3	figure	figure	NOUN
ejpam-801	592	4	5	5	NUM
ejpam-801	592	5	:	:	PUNCT
ejpam-801	592	6	combinations	combination	NOUN
ejpam-801	592	7	of	of	ADP
ejpam-801	592	8	the	the	DET
ejpam-801	592	9	�	�	PROPN
ejpam-801	592	10	rst	rst	ADJ
ejpam-801	592	11	-	-	PUNCT
ejpam-801	592	12	order	order	NOUN
ejpam-801	592	13	auto	auto	NOUN
ejpam-801	592	14	orrelation	orrelation	NOUN
ejpam-801	592	15	of	of	ADP
ejpam-801	592	16	squared	square	VERB
ejpam-801	592	17	observations	observation	NOUN
ejpam-801	592	18	and	and	CCONJ
ejpam-801	592	19	kurtosis	kurtosis	NOUN
ejpam-801	592	20	for	for	ADP
ejpam-801	592	21	thegarch(1,1	thegarch(1,1	NOUN
ejpam-801	592	22	)	)	PUNCT
ejpam-801	592	23	model	model	NOUN
ejpam-801	592	24	with	with	ADP
ejpam-801	592	25	t	t	NOUN
ejpam-801	592	26	-	-	PUNCT
ejpam-801	592	27	distributed	distribute	VERB
ejpam-801	592	28	errors	error	NOUN
ejpam-801	592	29	for	for	ADP
ejpam-801	592	30	various	various	ADJ
ejpam-801	592	31	values	value	NOUN
ejpam-801	592	32	of	of	ADP
ejpam-801	592	33	αν2	αν2	NUM
ejpam-801	593	1	+	+	NUM
ejpam-801	593	2	β	β	NOUN
ejpam-801	593	3	:	:	PUNCT
ejpam-801	593	4	left	leave	VERB
ejpam-801	593	5	panel	panel	NOUN
ejpam-801	593	6	:	:	PUNCT
ejpam-801	593	7	t(7	t(7	PROPN
ejpam-801	593	8	)	)	PUNCT
ejpam-801	593	9	,	,	PUNCT
ejpam-801	593	10	right	right	ADJ
ejpam-801	593	11	panel	panel	NOUN
ejpam-801	593	12	:	:	PUNCT
ejpam-801	593	13	t(5	t(5	PROPN
ejpam-801	593	14	)	)	PUNCT
ejpam-801	593	15	.	.	PUNCT
ejpam-801	594	1	isoquants	isoquant	NOUN
ejpam-801	594	2	from	from	ADP
ejpam-801	594	3	lowest	low	ADJ
ejpam-801	594	4	to	to	ADP
ejpam-801	594	5	highest	highest	ADV
ejpam-801	594	6	:	:	PUNCT
ejpam-801	594	7	α+	α+	X
ejpam-801	594	8	β	β	X
ejpam-801	594	9	=	=	PUNCT
ejpam-801	594	10	0.999	0.999	NUM
ejpam-801	594	11	,	,	PUNCT
ejpam-801	594	12	0.99	0.99	NUM
ejpam-801	594	13	,	,	PUNCT
ejpam-801	594	14	0.95	0.95	NUM
ejpam-801	594	15	and	and	CCONJ
ejpam-801	594	16	0.9	0.9	NUM
ejpam-801	594	17	.	.	PUNCT
ejpam-801	595	1	the	the	DET
ejpam-801	595	2	observed	observe	VERB
ejpam-801	595	3	ombinations	ombination	NOUN
ejpam-801	595	4	arethe	arethe	ADV
ejpam-801	595	5	same	same	ADJ
ejpam-801	595	6	as	as	ADP
ejpam-801	595	7	in	in	ADP
ejpam-801	595	8	the	the	DET
ejpam-801	595	9	lower	low	ADJ
ejpam-801	595	10	-	-	PUNCT
ejpam-801	595	11	right	right	ADJ
ejpam-801	595	12	panel	panel	NOUN
ejpam-801	595	13	of	of	ADP
ejpam-801	595	14	figure	figure	NOUN
ejpam-801	595	15	1	1	NUM
ejpam-801	595	16	.	.	PUNCT
ejpam-801	595	17	references	reference	NOUN
ejpam-801	595	18	467	467	NUM
ejpam-801	595	19	figure	figure	NOUN
ejpam-801	595	20	6	6	NUM
ejpam-801	595	21	:	:	PUNCT
ejpam-801	595	22	combinations	combination	NOUN
ejpam-801	595	23	of	of	ADP
ejpam-801	595	24	the	the	DET
ejpam-801	595	25	�	�	PROPN
ejpam-801	595	26	rst	rst	ADJ
ejpam-801	595	27	-	-	PUNCT
ejpam-801	595	28	order	order	NOUN
ejpam-801	595	29	auto	auto	NOUN
ejpam-801	595	30	orrelation	orrelation	NOUN
ejpam-801	595	31	of	of	ADP
ejpam-801	595	32	squared	square	VERB
ejpam-801	595	33	observations	observation	NOUN
ejpam-801	595	34	and	and	CCONJ
ejpam-801	595	35	kurtosis	kurtosis	NOUN
ejpam-801	595	36	for	for	ADP
ejpam-801	595	37	theegarch(1,1	theegarch(1,1	NOUN
ejpam-801	595	38	)	)	PUNCT
ejpam-801	595	39	model	model	NOUN
ejpam-801	595	40	with	with	ADP
ejpam-801	595	41	normal	normal	ADJ
ejpam-801	595	42	errors	error	NOUN
ejpam-801	595	43	for	for	ADP
ejpam-801	595	44	various	various	ADJ
ejpam-801	595	45	values	value	NOUN
ejpam-801	595	46	of	of	ADP
ejpam-801	595	47	β	β	PRON
ejpam-801	595	48	.	.	PUNCT
ejpam-801	596	1	the	the	DET
ejpam-801	596	2	isoquants	isoquant	NOUN
ejpam-801	596	3	from	from	ADP
ejpam-801	596	4	lowest	low	ADJ
ejpam-801	596	5	to	to	ADP
ejpam-801	596	6	highest	high	ADJ
ejpam-801	596	7	:	:	PUNCT
ejpam-801	596	8	β	β	X
ejpam-801	596	9	=	=	PUNCT
ejpam-801	596	10	0.95	0.95	NUM
ejpam-801	596	11	,	,	PUNCT
ejpam-801	596	12	0.99	0.99	NUM
ejpam-801	596	13	and	and	CCONJ
ejpam-801	596	14	0.999	0.999	NUM
ejpam-801	596	15	.	.	PUNCT
ejpam-801	597	1	the	the	DET
ejpam-801	597	2	observed	observed	ADJ
ejpam-801	597	3	ombinations	ombination	NOUN
ejpam-801	597	4	are	be	AUX
ejpam-801	597	5	the	the	DET
ejpam-801	597	6	same	same	ADJ
ejpam-801	597	7	as	as	ADP
ejpam-801	597	8	in	in	ADP
ejpam-801	597	9	the	the	DET
ejpam-801	597	10	fourth	fourth	ADJ
ejpam-801	597	11	panel	panel	NOUN
ejpam-801	597	12	of	of	ADP
ejpam-801	597	13	figure	figure	NOUN
ejpam-801	597	14	1	1	NUM
ejpam-801	597	15	.	.	PUNCT
ejpam-801	597	16	figure	figure	VERB
ejpam-801	597	17	7	7	NUM
ejpam-801	597	18	:	:	PUNCT
ejpam-801	597	19	combinations	combination	NOUN
ejpam-801	597	20	of	of	ADP
ejpam-801	597	21	the	the	DET
ejpam-801	597	22	�	�	PROPN
ejpam-801	597	23	rst	rst	ADJ
ejpam-801	597	24	-	-	PUNCT
ejpam-801	597	25	order	order	NOUN
ejpam-801	597	26	auto	auto	NOUN
ejpam-801	597	27	orrelation	orrelation	NOUN
ejpam-801	597	28	of	of	ADP
ejpam-801	597	29	squared	square	VERB
ejpam-801	597	30	observations	observation	NOUN
ejpam-801	597	31	and	and	CCONJ
ejpam-801	597	32	kurtosis	kurtosis	NOUN
ejpam-801	597	33	for	for	ADP
ejpam-801	597	34	thearsv(1	thearsv(1	NOUN
ejpam-801	597	35	)	)	PUNCT
ejpam-801	597	36	model	model	NOUN
ejpam-801	597	37	with	with	ADP
ejpam-801	597	38	normal	normal	ADJ
ejpam-801	597	39	errors	error	NOUN
ejpam-801	597	40	for	for	ADP
ejpam-801	597	41	various	various	ADJ
ejpam-801	597	42	values	value	NOUN
ejpam-801	597	43	of	of	ADP
ejpam-801	597	44	β	β	X
ejpam-801	597	45	.	.	PUNCT
ejpam-801	598	1	isoquants	isoquant	NOUN
ejpam-801	598	2	from	from	ADP
ejpam-801	598	3	lowest	low	ADJ
ejpam-801	598	4	to	to	ADP
ejpam-801	598	5	highest	high	ADJ
ejpam-801	598	6	:	:	PUNCT
ejpam-801	598	7	β	β	X
ejpam-801	598	8	=	=	PUNCT
ejpam-801	598	9	0.999	0.999	NUM
ejpam-801	598	10	,	,	PUNCT
ejpam-801	598	11	0.99	0.99	NUM
ejpam-801	598	12	and	and	CCONJ
ejpam-801	598	13	0.95	0.95	NUM
ejpam-801	598	14	.	.	PUNCT
ejpam-801	599	1	the	the	DET
ejpam-801	599	2	observed	observed	ADJ
ejpam-801	599	3	ombinations	ombination	NOUN
ejpam-801	599	4	are	be	AUX
ejpam-801	599	5	the	the	DET
ejpam-801	599	6	same	same	ADJ
ejpam-801	599	7	as	as	ADP
ejpam-801	599	8	in	in	ADP
ejpam-801	599	9	the	the	DET
ejpam-801	599	10	lower	low	ADJ
ejpam-801	599	11	-	-	PUNCT
ejpam-801	599	12	right	right	ADJ
ejpam-801	599	13	panel	panel	NOUN
ejpam-801	599	14	of	of	ADP
ejpam-801	599	15	figure	figure	NOUN
ejpam-801	599	16	1	1	NUM
ejpam-801	599	17	.	.	PUNCT
ejpam-801	599	18	references	reference	NOUN
ejpam-801	599	19	468	468	NUM
ejpam-801	599	20	figure	figure	NOUN
ejpam-801	599	21	8	8	NUM
ejpam-801	599	22	:	:	PUNCT
ejpam-801	599	23	combinations	combination	NOUN
ejpam-801	599	24	of	of	ADP
ejpam-801	599	25	the	the	DET
ejpam-801	599	26	�	�	PROPN
ejpam-801	599	27	rst	rst	ADJ
ejpam-801	599	28	-	-	PUNCT
ejpam-801	599	29	order	order	NOUN
ejpam-801	599	30	auto	auto	NOUN
ejpam-801	599	31	orrelation	orrelation	NOUN
ejpam-801	599	32	of	of	ADP
ejpam-801	599	33	squared	square	VERB
ejpam-801	599	34	observations	observation	NOUN
ejpam-801	599	35	and	and	CCONJ
ejpam-801	599	36	kurtosis	kurtosis	NOUN
ejpam-801	599	37	for	for	ADP
ejpam-801	599	38	thearsv(1	thearsv(1	NOUN
ejpam-801	599	39	)	)	PUNCT
ejpam-801	599	40	model	model	NOUN
ejpam-801	599	41	with	with	ADP
ejpam-801	599	42	t	t	NOUN
ejpam-801	599	43	-	-	PUNCT
ejpam-801	599	44	distributed	distribute	VERB
ejpam-801	599	45	errors	error	NOUN
ejpam-801	599	46	for	for	ADP
ejpam-801	599	47	various	various	ADJ
ejpam-801	599	48	values	value	NOUN
ejpam-801	599	49	of	of	ADP
ejpam-801	599	50	β	β	NOUN
ejpam-801	599	51	:	:	PUNCT
ejpam-801	599	52	left	leave	VERB
ejpam-801	599	53	panel	panel	NOUN
ejpam-801	599	54	:	:	PUNCT
ejpam-801	599	55	t(7	t(7	PROPN
ejpam-801	599	56	)	)	PUNCT
ejpam-801	599	57	,	,	PUNCT
ejpam-801	599	58	right	right	ADJ
ejpam-801	599	59	panel	panel	NOUN
ejpam-801	599	60	:	:	PUNCT
ejpam-801	599	61	t(5	t(5	NOUN
ejpam-801	599	62	)	)	PUNCT
ejpam-801	599	63	.	.	PUNCT
ejpam-801	600	1	isoquantsfrom	isoquantsfrom	ADP
ejpam-801	600	2	lowest	low	ADJ
ejpam-801	600	3	to	to	ADP
ejpam-801	600	4	highest	high	ADJ
ejpam-801	600	5	:	:	PUNCT
ejpam-801	600	6	α+β	α+β	NUM
ejpam-801	600	7	=	=	SYM
ejpam-801	600	8	0.99	0.99	NUM
ejpam-801	600	9	and	and	CCONJ
ejpam-801	600	10	0.95	0.95	NUM
ejpam-801	600	11	.	.	PUNCT
ejpam-801	601	1	the	the	DET
ejpam-801	601	2	observed	observed	ADJ
ejpam-801	601	3	ombinations	ombination	NOUN
ejpam-801	601	4	are	be	AUX
ejpam-801	601	5	the	the	DET
ejpam-801	601	6	same	same	ADJ
ejpam-801	601	7	as	as	ADP
ejpam-801	601	8	in	in	ADP
ejpam-801	601	9	the	the	DET
ejpam-801	601	10	lower	low	ADJ
ejpam-801	601	11	-	-	PUNCT
ejpam-801	601	12	rightpanel	rightpanel	NOUN
ejpam-801	601	13	of	of	ADP
ejpam-801	601	14	figure	figure	NOUN
ejpam-801	601	15	1	1	NUM
ejpam-801	601	16	.	.	PUNCT
ejpam-801	601	17	references	reference	NOUN
ejpam-801	601	18	469	469	NUM
ejpam-801	601	19	figure	figure	NOUN
ejpam-801	601	20	9	9	NUM
ejpam-801	601	21	:	:	PUNCT
ejpam-801	601	22	combinations	combination	NOUN
ejpam-801	601	23	of	of	ADP
ejpam-801	601	24	two	two	NUM
ejpam-801	601	25	�	�	NOUN
ejpam-801	601	26	rst	rst	ADJ
ejpam-801	601	27	-	-	PUNCT
ejpam-801	601	28	order	order	NOUN
ejpam-801	601	29	auto	auto	NOUN
ejpam-801	601	30	orrelations	orrelation	NOUN
ejpam-801	601	31	,	,	PUNCT
ejpam-801	601	32	the	the	DET
ejpam-801	601	33	squared	squared	ADJ
ejpam-801	601	34	observations	observation	NOUN
ejpam-801	601	35	(	(	PUNCT
ejpam-801	601	36	dashed	dash	VERB
ejpam-801	601	37	line	line	NOUN
ejpam-801	601	38	)	)	PUNCT
ejpam-801	602	1	andthe	andthe	PRON
ejpam-801	602	2	absolute	absolute	ADJ
ejpam-801	602	3	observations	observation	NOUN
ejpam-801	602	4	(	(	PUNCT
ejpam-801	602	5	solid	solid	ADJ
ejpam-801	602	6	line	line	NOUN
ejpam-801	602	7	)	)	PUNCT
ejpam-801	602	8	,	,	PUNCT
ejpam-801	602	9	and	and	CCONJ
ejpam-801	602	10	orresponding	orresponding	NOUN
ejpam-801	602	11	kurtosis	kurtosis	NOUN
ejpam-801	602	12	values	value	NOUN
ejpam-801	602	13	for	for	ADP
ejpam-801	602	14	the	the	DET
ejpam-801	602	15	egarch(1,1	egarch(1,1	NOUN
ejpam-801	602	16	)	)	PUNCT
ejpam-801	602	17	model	model	NOUN
ejpam-801	602	18	withnormal	withnormal	ADJ
ejpam-801	602	19	errors	error	NOUN
ejpam-801	602	20	for	for	ADP
ejpam-801	602	21	β	β	X
ejpam-801	602	22	=	=	SYM
ejpam-801	602	23	0.99	0.99	NUM
ejpam-801	602	24	(	(	PUNCT
ejpam-801	602	25	low	low	ADJ
ejpam-801	602	26	)	)	PUNCT
ejpam-801	602	27	and	and	CCONJ
ejpam-801	602	28	β	β	X
ejpam-801	602	29	=	=	SYM
ejpam-801	602	30	0.95	0.95	NUM
ejpam-801	602	31	(	(	PUNCT
ejpam-801	602	32	high	high	ADJ
ejpam-801	602	33	)	)	PUNCT
ejpam-801	602	34	.	.	PUNCT
ejpam-801	603	1	references	reference	NOUN
ejpam-801	603	2	470	470	NUM
ejpam-801	603	3	figure	figure	NOUN
ejpam-801	603	4	10	10	NUM
ejpam-801	603	5	:	:	PUNCT
ejpam-801	603	6	combinations	combination	NOUN
ejpam-801	603	7	of	of	ADP
ejpam-801	603	8	the	the	DET
ejpam-801	603	9	�	�	PROPN
ejpam-801	603	10	rst	rst	ADJ
ejpam-801	603	11	-	-	PUNCT
ejpam-801	603	12	order	order	NOUN
ejpam-801	603	13	auto	auto	NOUN
ejpam-801	603	14	orrelation	orrelation	NOUN
ejpam-801	603	15	of	of	ADP
ejpam-801	603	16	absolute	absolute	ADV
ejpam-801	603	17	-	-	PUNCT
ejpam-801	603	18	valued	value	VERB
ejpam-801	603	19	observations	observation	NOUN
ejpam-801	603	20	raised	raise	VERB
ejpam-801	603	21	to	to	ADP
ejpam-801	603	22	power	power	NOUN
ejpam-801	603	23	m	m	PROPN
ejpam-801	603	24	as	as	ADP
ejpam-801	603	25	a	a	DET
ejpam-801	603	26	fun	fun	ADJ
ejpam-801	603	27	tion	tion	NOUN
ejpam-801	603	28	of	of	ADP
ejpam-801	603	29	m	m	PROPN
ejpam-801	603	30	for	for	ADP
ejpam-801	603	31	the	the	DET
ejpam-801	603	32	egarch(1,1	egarch(1,1	NOUN
ejpam-801	603	33	)	)	PUNCT
ejpam-801	603	34	model	model	NOUN
ejpam-801	603	35	with	with	ADP
ejpam-801	603	36	normal	normal	ADJ
ejpam-801	603	37	errors	error	NOUN
ejpam-801	603	38	for	for	ADP
ejpam-801	603	39	β	β	X
ejpam-801	603	40	=	=	SYM
ejpam-801	603	41	0.95	0.95	NUM
ejpam-801	603	42	(	(	PUNCT
ejpam-801	603	43	left	leave	VERB
ejpam-801	603	44	panel	panel	NOUN
ejpam-801	603	45	)	)	PUNCT
ejpam-801	603	46	and	and	CCONJ
ejpam-801	603	47	β	β	X
ejpam-801	603	48	=	=	SYM
ejpam-801	603	49	0.99(right	0.99(right	NUM
ejpam-801	603	50	panel	panel	NOUN
ejpam-801	603	51	)	)	PUNCT
ejpam-801	603	52	at	at	ADP
ejpam-801	603	53	three	three	NUM
ejpam-801	603	54	kurtosis	kurtosis	NOUN
ejpam-801	603	55	values	value	NOUN
ejpam-801	603	56	.	.	PUNCT
ejpam-801	604	1	from	from	ADP
ejpam-801	604	2	low	low	ADJ
ejpam-801	604	3	to	to	ADP
ejpam-801	604	4	high	high	ADJ
ejpam-801	604	5	:	:	PUNCT
ejpam-801	604	6	κ4	κ4	NOUN
ejpam-801	604	7	=	=	SYM
ejpam-801	604	8	6	6	NUM
ejpam-801	604	9	,	,	PUNCT
ejpam-801	604	10	12	12	NUM
ejpam-801	604	11	and	and	CCONJ
ejpam-801	604	12	24	24	NUM
ejpam-801	604	13	.	.	PUNCT
ejpam-801	605	1	figure	figure	VERB
ejpam-801	605	2	11	11	NUM
ejpam-801	605	3	:	:	PUNCT
ejpam-801	605	4	combinations	combination	NOUN
ejpam-801	605	5	of	of	ADP
ejpam-801	605	6	two	two	NUM
ejpam-801	605	7	�	�	NOUN
ejpam-801	605	8	rst	rst	ADJ
ejpam-801	605	9	-	-	PUNCT
ejpam-801	605	10	order	order	NOUN
ejpam-801	605	11	auto	auto	NOUN
ejpam-801	605	12	orrelations	orrelation	NOUN
ejpam-801	605	13	,	,	PUNCT
ejpam-801	605	14	the	the	DET
ejpam-801	605	15	squared	squared	ADJ
ejpam-801	605	16	observations	observation	NOUN
ejpam-801	605	17	(	(	PUNCT
ejpam-801	605	18	dashed	dash	VERB
ejpam-801	605	19	line	line	NOUN
ejpam-801	605	20	)	)	PUNCT
ejpam-801	605	21	and	and	CCONJ
ejpam-801	605	22	theabsolute	theabsolute	NOUN
ejpam-801	605	23	observations	observation	NOUN
ejpam-801	605	24	(	(	PUNCT
ejpam-801	605	25	solid	solid	ADJ
ejpam-801	605	26	line	line	NOUN
ejpam-801	605	27	)	)	PUNCT
ejpam-801	605	28	,	,	PUNCT
ejpam-801	605	29	and	and	CCONJ
ejpam-801	605	30	orresponding	orresponding	NOUN
ejpam-801	605	31	kurtosis	kurtosis	NOUN
ejpam-801	605	32	values	value	NOUN
ejpam-801	605	33	for	for	ADP
ejpam-801	605	34	the	the	DET
ejpam-801	605	35	arsv(1	arsv(1	NOUN
ejpam-801	605	36	)	)	PUNCT
ejpam-801	605	37	model	model	NOUN
ejpam-801	605	38	with	with	ADP
ejpam-801	605	39	normalerrors	normalerror	NOUN
ejpam-801	605	40	for	for	ADP
ejpam-801	605	41	β	β	X
ejpam-801	605	42	=	=	SYM
ejpam-801	605	43	0.95	0.95	NUM
ejpam-801	605	44	(	(	PUNCT
ejpam-801	605	45	low	low	ADJ
ejpam-801	605	46	)	)	PUNCT
ejpam-801	605	47	and	and	CCONJ
ejpam-801	605	48	β	β	X
ejpam-801	605	49	=	=	SYM
ejpam-801	605	50	0.99	0.99	NUM
ejpam-801	605	51	(	(	PUNCT
ejpam-801	605	52	high	high	ADJ
ejpam-801	605	53	)	)	PUNCT
ejpam-801	605	54	.	.	PUNCT
ejpam-801	606	1	references	reference	NOUN
ejpam-801	606	2	471	471	NUM
ejpam-801	606	3	figure	figure	NOUN
ejpam-801	606	4	12	12	NUM
ejpam-801	606	5	:	:	PUNCT
ejpam-801	606	6	combinations	combination	NOUN
ejpam-801	606	7	of	of	ADP
ejpam-801	606	8	the	the	DET
ejpam-801	606	9	�	�	PROPN
ejpam-801	606	10	rst	rst	ADJ
ejpam-801	606	11	-	-	PUNCT
ejpam-801	606	12	order	order	NOUN
ejpam-801	606	13	auto	auto	NOUN
ejpam-801	606	14	orrelation	orrelation	NOUN
ejpam-801	606	15	of	of	ADP
ejpam-801	606	16	absolute	absolute	ADV
ejpam-801	606	17	-	-	PUNCT
ejpam-801	606	18	valued	value	VERB
ejpam-801	606	19	observations	observation	NOUN
ejpam-801	606	20	raised	raise	VERB
ejpam-801	606	21	to	to	ADP
ejpam-801	606	22	power	power	NOUN
ejpam-801	606	23	m	m	PROPN
ejpam-801	606	24	as	as	ADP
ejpam-801	606	25	a	a	DET
ejpam-801	606	26	fun	fun	ADJ
ejpam-801	606	27	tion	tion	NOUN
ejpam-801	606	28	of	of	ADP
ejpam-801	606	29	m	m	PRON
ejpam-801	606	30	for	for	ADP
ejpam-801	606	31	the	the	DET
ejpam-801	606	32	arsv(1	arsv(1	NOUN
ejpam-801	606	33	)	)	PUNCT
ejpam-801	606	34	model	model	NOUN
ejpam-801	606	35	with	with	ADP
ejpam-801	606	36	normal	normal	ADJ
ejpam-801	606	37	errors	error	NOUN
ejpam-801	606	38	for	for	ADP
ejpam-801	606	39	β	β	X
ejpam-801	606	40	=	=	SYM
ejpam-801	606	41	0.95	0.95	NUM
ejpam-801	606	42	(	(	PUNCT
ejpam-801	606	43	left	leave	VERB
ejpam-801	606	44	panel	panel	NOUN
ejpam-801	606	45	)	)	PUNCT
ejpam-801	606	46	and	and	CCONJ
ejpam-801	606	47	β	β	X
ejpam-801	606	48	=	=	SYM
ejpam-801	606	49	0.99(right	0.99(right	NUM
ejpam-801	606	50	panel	panel	NOUN
ejpam-801	606	51	)	)	PUNCT
ejpam-801	606	52	at	at	ADP
ejpam-801	606	53	three	three	NUM
ejpam-801	606	54	kurtosis	kurtosis	NOUN
ejpam-801	606	55	values	value	NOUN
ejpam-801	606	56	.	.	PUNCT
ejpam-801	607	1	from	from	ADP
ejpam-801	607	2	low	low	ADJ
ejpam-801	607	3	to	to	ADP
ejpam-801	607	4	high	high	ADJ
ejpam-801	607	5	:	:	PUNCT
ejpam-801	607	6	κ4	κ4	NOUN
ejpam-801	607	7	=	=	SYM
ejpam-801	607	8	6	6	NUM
ejpam-801	607	9	,	,	PUNCT
ejpam-801	607	10	12	12	NUM
ejpam-801	607	11	and	and	CCONJ
ejpam-801	607	12	24	24	NUM
ejpam-801	607	13	.	.	PUNCT
ejpam-801	608	1	references	reference	NOUN
ejpam-801	608	2	472	472	NUM
ejpam-801	608	3	figure	figure	NOUN
ejpam-801	608	4	13	13	NUM
ejpam-801	608	5	:	:	PUNCT
ejpam-801	608	6	simulated	simulate	VERB
ejpam-801	608	7	kurtosis	kurtosis	NOUN
ejpam-801	608	8	/	/	SYM
ejpam-801	608	9	auto	auto	NOUN
ejpam-801	608	10	orrelation	orrelation	NOUN
ejpam-801	608	11	ombinations	ombination	NOUN
ejpam-801	608	12	for	for	ADP
ejpam-801	608	13	the	the	DET
ejpam-801	608	14	garch(1,1	garch(1,1	NOUN
ejpam-801	608	15	)	)	PUNCT
ejpam-801	608	16	model	model	NOUN
ejpam-801	608	17	with(α0,α1,β)=(0.05,0.19121,0.75879	with(α0,α1,β)=(0.05,0.19121,0.75879	PROPN
ejpam-801	608	18	)	)	PUNCT
ejpam-801	608	19	,	,	PUNCT
ejpam-801	608	20	and	and	CCONJ
ejpam-801	608	21	approximative	approximative	VERB
ejpam-801	608	22	50	50	NUM
ejpam-801	608	23	%	%	NOUN
ejpam-801	608	24	,	,	PUNCT
ejpam-801	608	25	60	60	NUM
ejpam-801	608	26	%	%	NOUN
ejpam-801	608	27	,	,	PUNCT
ejpam-801	608	28	70	70	NUM
ejpam-801	608	29	%	%	NOUN
ejpam-801	608	30	,	,	PUNCT
ejpam-801	608	31	80	80	NUM
ejpam-801	608	32	%	%	NOUN
ejpam-801	608	33	,	,	PUNCT
ejpam-801	608	34	and	and	CCONJ
ejpam-801	608	35	90	90	NUM
ejpam-801	608	36	%	%	NOUN
ejpam-801	608	37	on	on	ADP
ejpam-801	608	38	�	�	PROPN
ejpam-801	608	39	den	den	NOUN
ejpam-801	608	40	e	e	NOUN
ejpam-801	608	41	intervalsof	intervalsof	VERB
ejpam-801	608	42	the	the	DET
ejpam-801	608	43	true	true	ADJ
ejpam-801	608	44	value	value	NOUN
ejpam-801	608	45	,	,	PUNCT
ejpam-801	608	46	1000	1000	NUM
ejpam-801	608	47	observations	observation	NOUN
ejpam-801	608	48	and	and	CCONJ
ejpam-801	608	49	200	200	NUM
ejpam-801	608	50	realizations	realization	NOUN
ejpam-801	608	51	.	.	PUNCT
ejpam-801	609	1	solid	solid	ADJ
ejpam-801	609	2	square	square	NOUN
ejpam-801	609	3	is	be	AUX
ejpam-801	609	4	the	the	DET
ejpam-801	609	5	true	true	ADJ
ejpam-801	609	6	value	value	NOUN
ejpam-801	609	7	:	:	PUNCT
ejpam-801	609	8	solid	solid	ADJ
ejpam-801	609	9	ir	ir	PROPN
ejpam-801	609	10	le	le	X
ejpam-801	609	11	is	be	AUX
ejpam-801	609	12	theplug	theplug	NOUN
ejpam-801	609	13	-	-	PUNCT
ejpam-801	609	14	in	in	ADP
ejpam-801	609	15	estimate	estimate	NOUN
ejpam-801	609	16	;	;	PUNCT
ejpam-801	609	17	empty	empty	ADJ
ejpam-801	609	18	ir	ir	PROPN
ejpam-801	609	19	les	le	NOUN
ejpam-801	609	20	are	be	AUX
ejpam-801	609	21	generated	generate	VERB
ejpam-801	609	22	ombinations	ombination	NOUN
ejpam-801	609	23	.	.	PUNCT
ejpam-801	610	1	references	reference	NOUN
ejpam-801	610	2	473	473	NUM
ejpam-801	610	3	figure	figure	NOUN
ejpam-801	610	4	14	14	NUM
ejpam-801	610	5	:	:	PUNCT
ejpam-801	610	6	approximate	approximate	ADJ
ejpam-801	610	7	90	90	NUM
ejpam-801	610	8	%	%	NOUN
ejpam-801	610	9	on	on	ADP
ejpam-801	610	10	�	�	PROPN
ejpam-801	610	11	den	den	NOUN
ejpam-801	610	12	e	e	NOUN
ejpam-801	610	13	region	region	NOUN
ejpam-801	610	14	based	base	VERB
ejpam-801	610	15	on	on	ADP
ejpam-801	610	16	200	200	NUM
ejpam-801	610	17	realizations	realization	NOUN
ejpam-801	610	18	of	of	ADP
ejpam-801	610	19	the	the	DET
ejpam-801	610	20	true	true	ADJ
ejpam-801	610	21	kurtosis	kurtosis	NOUN
ejpam-801	610	22	/	/	SYM
ejpam-801	610	23	auto	auto	NOUN
ejpam-801	610	24	orrelation	orrelation	NOUN
ejpam-801	610	25	ombination	ombination	NOUN
ejpam-801	610	26	for	for	ADP
ejpam-801	610	27	the	the	DET
ejpam-801	610	28	assi	assi	PROPN
ejpam-801	610	29	d	d	PROPN
ejpam-801	610	30	return	return	NOUN
ejpam-801	610	31	series	series	NOUN
ejpam-801	610	32	under	under	ADP
ejpam-801	610	33	the	the	DET
ejpam-801	610	34	assumption	assumption	NOUN
ejpam-801	610	35	that	that	SCONJ
ejpam-801	610	36	the	the	DET
ejpam-801	610	37	observations	observation	NOUN
ejpam-801	610	38	have	have	AUX
ejpam-801	610	39	been	be	AUX
ejpam-801	610	40	generatedby	generatedby	NOUN
ejpam-801	610	41	a	a	DET
ejpam-801	610	42	garch(1,1	garch(1,1	NOUN
ejpam-801	610	43	)	)	PUNCT
ejpam-801	610	44	model	model	NOUN
ejpam-801	610	45	.	.	PUNCT
ejpam-801	611	1	solid	solid	ADJ
ejpam-801	611	2	square	square	PROPN
ejpam-801	611	3	is	be	AUX
ejpam-801	611	4	the	the	DET
ejpam-801	611	5	nonparametri	nonparametri	PROPN
ejpam-801	611	6	ally	ally	NOUN
ejpam-801	611	7	estimated	estimate	VERB
ejpam-801	611	8	value	value	NOUN
ejpam-801	611	9	,	,	PUNCT
ejpam-801	611	10	solid	solid	ADJ
ejpam-801	611	11	ir	ir	X
ejpam-801	611	12	le	le	X
ejpam-801	611	13	is	be	AUX
ejpam-801	611	14	the	the	DET
ejpam-801	611	15	plug	plug	NOUN
ejpam-801	611	16	-	-	PUNCT
ejpam-801	611	17	inestimate	inestimate	NOUN
ejpam-801	611	18	.	.	PUNCT
ejpam-801	612	1	references	reference	NOUN
ejpam-801	612	2	474	474	NUM
ejpam-801	612	3	figure	figure	NOUN
ejpam-801	612	4	15	15	NUM
ejpam-801	612	5	:	:	PUNCT
ejpam-801	612	6	approximate	approximate	ADJ
ejpam-801	612	7	90	90	NUM
ejpam-801	612	8	%	%	NOUN
ejpam-801	612	9	on	on	ADP
ejpam-801	612	10	�	�	PROPN
ejpam-801	612	11	den	den	NOUN
ejpam-801	612	12	e	e	NOUN
ejpam-801	612	13	region	region	NOUN
ejpam-801	612	14	based	base	VERB
ejpam-801	612	15	on	on	ADP
ejpam-801	612	16	200	200	NUM
ejpam-801	612	17	realizations	realization	NOUN
ejpam-801	612	18	of	of	ADP
ejpam-801	612	19	the	the	DET
ejpam-801	612	20	true	true	ADJ
ejpam-801	612	21	kurtosis	kurtosis	NOUN
ejpam-801	612	22	/	/	SYM
ejpam-801	612	23	auto	auto	NOUN
ejpam-801	612	24	orrelation	orrelation	NOUN
ejpam-801	612	25	ombination	ombination	NOUN
ejpam-801	612	26	for	for	ADP
ejpam-801	612	27	the	the	DET
ejpam-801	612	28	assi	assi	PROPN
ejpam-801	612	29	d	d	PROPN
ejpam-801	612	30	return	return	NOUN
ejpam-801	612	31	series	series	NOUN
ejpam-801	612	32	under	under	ADP
ejpam-801	612	33	the	the	DET
ejpam-801	612	34	assumption	assumption	NOUN
ejpam-801	612	35	that	that	SCONJ
ejpam-801	612	36	the	the	DET
ejpam-801	612	37	observations	observation	NOUN
ejpam-801	612	38	have	have	AUX
ejpam-801	612	39	been	be	AUX
ejpam-801	612	40	generatedby	generatedby	NOUN
ejpam-801	612	41	an	an	DET
ejpam-801	612	42	egarch(1,1	egarch(1,1	NOUN
ejpam-801	612	43	)	)	PUNCT
ejpam-801	612	44	model	model	NOUN
ejpam-801	612	45	.	.	PUNCT
ejpam-801	613	1	solid	solid	ADJ
ejpam-801	613	2	square	square	PROPN
ejpam-801	613	3	is	be	AUX
ejpam-801	613	4	the	the	DET
ejpam-801	613	5	nonparametri	nonparametri	PROPN
ejpam-801	613	6	ally	ally	NOUN
ejpam-801	613	7	estimated	estimate	VERB
ejpam-801	613	8	value	value	NOUN
ejpam-801	613	9	,	,	PUNCT
ejpam-801	613	10	solid	solid	ADJ
ejpam-801	613	11	ir	ir	X
ejpam-801	613	12	le	le	X
ejpam-801	613	13	is	be	AUX
ejpam-801	613	14	the	the	DET
ejpam-801	613	15	plug	plug	NOUN
ejpam-801	613	16	-	-	PUNCT
ejpam-801	613	17	inestimate	inestimate	NOUN
ejpam-801	613	18	.	.	PUNCT
ejpam-801	614	1	references	reference	NOUN
ejpam-801	614	2	475	475	NUM
ejpam-801	614	3	figure	figure	NOUN
ejpam-801	614	4	16	16	NUM
ejpam-801	614	5	:	:	PUNCT
ejpam-801	614	6	approximate	approximate	ADJ
ejpam-801	614	7	90	90	NUM
ejpam-801	614	8	%	%	NOUN
ejpam-801	614	9	on	on	ADP
ejpam-801	614	10	�	�	PROPN
ejpam-801	614	11	den	den	NOUN
ejpam-801	614	12	e	e	NOUN
ejpam-801	614	13	region	region	NOUN
ejpam-801	614	14	based	base	VERB
ejpam-801	614	15	on	on	ADP
ejpam-801	614	16	200	200	NUM
ejpam-801	614	17	realizations	realization	NOUN
ejpam-801	614	18	of	of	ADP
ejpam-801	614	19	the	the	DET
ejpam-801	614	20	true	true	ADJ
ejpam-801	614	21	kurtosis	kurtosis	NOUN
ejpam-801	614	22	/	/	SYM
ejpam-801	614	23	auto	auto	NOUN
ejpam-801	614	24	orrelation	orrelation	NOUN
ejpam-801	614	25	ombination	ombination	NOUN
ejpam-801	614	26	for	for	ADP
ejpam-801	614	27	the	the	DET
ejpam-801	614	28	assi	assi	PROPN
ejpam-801	614	29	d	d	PROPN
ejpam-801	614	30	return	return	NOUN
ejpam-801	614	31	series	series	NOUN
ejpam-801	614	32	under	under	ADP
ejpam-801	614	33	the	the	DET
ejpam-801	614	34	assumption	assumption	NOUN
ejpam-801	614	35	that	that	SCONJ
ejpam-801	614	36	the	the	DET
ejpam-801	614	37	observations	observation	NOUN
ejpam-801	614	38	have	have	AUX
ejpam-801	614	39	been	be	AUX
ejpam-801	614	40	generatedby	generatedby	NOUN
ejpam-801	614	41	an	an	DET
ejpam-801	614	42	arsv(1,1	arsv(1,1	NOUN
ejpam-801	614	43	)	)	PUNCT
ejpam-801	614	44	model	model	NOUN
ejpam-801	614	45	.	.	PUNCT
ejpam-801	615	1	solid	solid	ADJ
ejpam-801	615	2	square	square	PROPN
ejpam-801	615	3	is	be	AUX
ejpam-801	615	4	the	the	DET
ejpam-801	615	5	nonparametri	nonparametri	PROPN
ejpam-801	615	6	ally	ally	NOUN
ejpam-801	615	7	estimated	estimate	VERB
ejpam-801	615	8	value	value	NOUN
ejpam-801	615	9	,	,	PUNCT
ejpam-801	615	10	solid	solid	ADJ
ejpam-801	615	11	ir	ir	X
ejpam-801	615	12	le	le	X
ejpam-801	615	13	is	be	AUX
ejpam-801	615	14	the	the	DET
ejpam-801	615	15	plug	plug	NOUN
ejpam-801	615	16	-	-	PUNCT
ejpam-801	615	17	inestimate	inestimate	NOUN
ejpam-801	615	18	.	.	PUNCT
ejpam-801	616	1	references	reference	NOUN
ejpam-801	616	2	476	476	NUM
ejpam-801	616	3	figure	figure	NOUN
ejpam-801	616	4	17	17	NUM
ejpam-801	616	5	:	:	PUNCT
ejpam-801	616	6	approximate	approximate	ADJ
ejpam-801	616	7	90	90	NUM
ejpam-801	616	8	%	%	NOUN
ejpam-801	616	9	on	on	ADP
ejpam-801	616	10	�	�	PROPN
ejpam-801	616	11	den	den	NOUN
ejpam-801	616	12	e	e	NOUN
ejpam-801	616	13	region	region	NOUN
ejpam-801	616	14	based	base	VERB
ejpam-801	616	15	on	on	ADP
ejpam-801	616	16	200	200	NUM
ejpam-801	616	17	realizations	realization	NOUN
ejpam-801	616	18	of	of	ADP
ejpam-801	616	19	the	the	DET
ejpam-801	616	20	true	true	ADJ
ejpam-801	616	21	kurtosis	kurtosis	NOUN
ejpam-801	616	22	/	/	SYM
ejpam-801	616	23	auto	auto	NOUN
ejpam-801	616	24	orrelation	orrelation	NOUN
ejpam-801	616	25	ombination	ombination	NOUN
ejpam-801	616	26	for	for	ADP
ejpam-801	616	27	the	the	DET
ejpam-801	616	28	seb	seb	NOUN
ejpam-801	616	29	return	return	NOUN
ejpam-801	616	30	series	series	NOUN
ejpam-801	616	31	under	under	ADP
ejpam-801	616	32	the	the	DET
ejpam-801	616	33	assumption	assumption	NOUN
ejpam-801	616	34	that	that	SCONJ
ejpam-801	616	35	the	the	DET
ejpam-801	616	36	observations	observation	NOUN
ejpam-801	616	37	have	have	AUX
ejpam-801	616	38	been	be	AUX
ejpam-801	616	39	generatedby	generatedby	NOUN
ejpam-801	616	40	a	a	DET
ejpam-801	616	41	garch(1,1	garch(1,1	NOUN
ejpam-801	616	42	)	)	PUNCT
ejpam-801	616	43	model	model	NOUN
ejpam-801	616	44	.	.	PUNCT
ejpam-801	617	1	solid	solid	ADJ
ejpam-801	617	2	square	square	PROPN
ejpam-801	617	3	is	be	AUX
ejpam-801	617	4	the	the	DET
ejpam-801	617	5	nonparametri	nonparametri	PROPN
ejpam-801	617	6	ally	ally	NOUN
ejpam-801	617	7	estimated	estimate	VERB
ejpam-801	617	8	value	value	NOUN
ejpam-801	617	9	,	,	PUNCT
ejpam-801	617	10	solid	solid	ADJ
ejpam-801	617	11	ir	ir	X
ejpam-801	617	12	le	le	X
ejpam-801	617	13	is	be	AUX
ejpam-801	617	14	the	the	DET
ejpam-801	617	15	plug	plug	NOUN
ejpam-801	617	16	-	-	PUNCT
ejpam-801	617	17	inestimate	inestimate	NOUN
ejpam-801	617	18	.	.	PUNCT
ejpam-801	618	1	references	reference	NOUN
ejpam-801	618	2	477	477	NUM
ejpam-801	618	3	figure	figure	NOUN
ejpam-801	618	4	18	18	NUM
ejpam-801	618	5	:	:	PUNCT
ejpam-801	618	6	approximate	approximate	ADJ
ejpam-801	618	7	90	90	NUM
ejpam-801	618	8	%	%	NOUN
ejpam-801	618	9	on	on	ADP
ejpam-801	618	10	�	�	PROPN
ejpam-801	618	11	den	den	NOUN
ejpam-801	618	12	e	e	NOUN
ejpam-801	618	13	region	region	NOUN
ejpam-801	618	14	based	base	VERB
ejpam-801	618	15	on	on	ADP
ejpam-801	618	16	200	200	NUM
ejpam-801	618	17	realizations	realization	NOUN
ejpam-801	618	18	of	of	ADP
ejpam-801	618	19	the	the	DET
ejpam-801	618	20	true	true	ADJ
ejpam-801	618	21	kurtosis	kurtosis	NOUN
ejpam-801	618	22	/	/	SYM
ejpam-801	618	23	auto	auto	NOUN
ejpam-801	618	24	orrelation	orrelation	NOUN
ejpam-801	618	25	ombination	ombination	NOUN
ejpam-801	618	26	for	for	ADP
ejpam-801	618	27	the	the	DET
ejpam-801	618	28	seb	seb	NOUN
ejpam-801	618	29	return	return	NOUN
ejpam-801	618	30	series	series	NOUN
ejpam-801	618	31	under	under	ADP
ejpam-801	618	32	the	the	DET
ejpam-801	618	33	assumption	assumption	NOUN
ejpam-801	618	34	that	that	SCONJ
ejpam-801	618	35	the	the	DET
ejpam-801	618	36	observations	observation	NOUN
ejpam-801	618	37	have	have	AUX
ejpam-801	618	38	been	be	AUX
ejpam-801	618	39	generated	generate	VERB
ejpam-801	618	40	bya	bya	PROPN
ejpam-801	618	41	garch(1,1	garch(1,1	NOUN
ejpam-801	618	42	)	)	PUNCT
ejpam-801	618	43	model	model	NOUN
ejpam-801	618	44	with	with	ADP
ejpam-801	618	45	t	t	NOUN
ejpam-801	618	46	-	-	PUNCT
ejpam-801	618	47	distributed	distribute	VERB
ejpam-801	618	48	errors	error	NOUN
ejpam-801	618	49	(	(	PUNCT
ejpam-801	618	50	ν	ν	X
ejpam-801	618	51	=	=	SYM
ejpam-801	618	52	7	7	NUM
ejpam-801	618	53	)	)	PUNCT
ejpam-801	618	54	.	.	PUNCT
ejpam-801	619	1	solid	solid	ADJ
ejpam-801	619	2	square	square	PROPN
ejpam-801	619	3	is	be	AUX
ejpam-801	619	4	the	the	DET
ejpam-801	619	5	nonparametri	nonparametri	ADJ
ejpam-801	619	6	ally	ally	NOUN
ejpam-801	619	7	estimatedvalue	estimatedvalue	NOUN
ejpam-801	619	8	,	,	PUNCT
ejpam-801	619	9	solid	solid	ADJ
ejpam-801	619	10	ir	ir	X
ejpam-801	619	11	le	le	X
ejpam-801	619	12	is	be	AUX
ejpam-801	619	13	the	the	DET
ejpam-801	619	14	plug	plug	VERB
ejpam-801	619	15	-	-	PUNCT
ejpam-801	619	16	in	in	ADP
ejpam-801	619	17	estimate	estimate	NOUN
ejpam-801	619	18	.	.	PUNCT
ejpam-801	620	1	figure	figure	NOUN
ejpam-801	620	2	19	19	NUM
ejpam-801	620	3	:	:	PUNCT
ejpam-801	620	4	approximate	approximate	ADJ
ejpam-801	620	5	90	90	NUM
ejpam-801	620	6	%	%	NOUN
ejpam-801	620	7	on	on	ADP
ejpam-801	620	8	�	�	PROPN
ejpam-801	620	9	den	den	NOUN
ejpam-801	620	10	e	e	NOUN
ejpam-801	620	11	region	region	NOUN
ejpam-801	620	12	based	base	VERB
ejpam-801	620	13	on	on	ADP
ejpam-801	620	14	200	200	NUM
ejpam-801	620	15	realizations	realization	NOUN
ejpam-801	620	16	of	of	ADP
ejpam-801	620	17	the	the	DET
ejpam-801	620	18	true	true	ADJ
ejpam-801	620	19	kurtosis	kurtosis	NOUN
ejpam-801	620	20	/	/	SYM
ejpam-801	620	21	auto	auto	NOUN
ejpam-801	620	22	orrelation	orrelation	NOUN
ejpam-801	620	23	ombination	ombination	NOUN
ejpam-801	620	24	for	for	ADP
ejpam-801	620	25	the	the	DET
ejpam-801	620	26	seb	seb	NOUN
ejpam-801	620	27	return	return	NOUN
ejpam-801	620	28	series	series	NOUN
ejpam-801	620	29	under	under	ADP
ejpam-801	620	30	the	the	DET
ejpam-801	620	31	assumption	assumption	NOUN
ejpam-801	620	32	that	that	SCONJ
ejpam-801	620	33	the	the	DET
ejpam-801	620	34	observations	observation	NOUN
ejpam-801	620	35	have	have	AUX
ejpam-801	620	36	been	be	AUX
ejpam-801	620	37	generated	generate	VERB
ejpam-801	620	38	bya	bya	PROPN
ejpam-801	620	39	garch(1,1	garch(1,1	NOUN
ejpam-801	620	40	)	)	PUNCT
ejpam-801	620	41	model	model	NOUN
ejpam-801	620	42	with	with	ADP
ejpam-801	620	43	t	t	NOUN
ejpam-801	620	44	-	-	PUNCT
ejpam-801	620	45	distributed	distribute	VERB
ejpam-801	620	46	errors	error	NOUN
ejpam-801	620	47	(	(	PUNCT
ejpam-801	620	48	ν	ν	X
ejpam-801	620	49	=	=	SYM
ejpam-801	620	50	7	7	NUM
ejpam-801	620	51	)	)	PUNCT
ejpam-801	620	52	.	.	PUNCT
ejpam-801	621	1	solid	solid	ADJ
ejpam-801	621	2	square	square	PROPN
ejpam-801	621	3	is	be	AUX
ejpam-801	621	4	the	the	DET
ejpam-801	621	5	nonparametri	nonparametri	ADJ
ejpam-801	621	6	ally	ally	NOUN
ejpam-801	621	7	estimatedvalue	estimatedvalue	NOUN
ejpam-801	621	8	,	,	PUNCT
ejpam-801	621	9	solid	solid	ADJ
ejpam-801	621	10	ir	ir	X
ejpam-801	621	11	le	le	X
ejpam-801	621	12	is	be	AUX
ejpam-801	621	13	the	the	DET
ejpam-801	621	14	plug	plug	VERB
ejpam-801	621	15	-	-	PUNCT
ejpam-801	621	16	in	in	ADP
ejpam-801	621	17	estimate	estimate	NOUN
ejpam-801	621	18	.	.	PUNCT