-conditioned) consumption distributions are not log-normal. Rather, their logs can be invariably characterized by asymmetric exponential-power … exponential-power densities. Departures from log- normality are mainly due to the presence of thick lower tails coexisting with …’s Law applied to permanent income and marginal utility. Keywords: Consumption, Asymmetric Exponential-Power Distribution …

finite mixture of conditional exponential power distributions where each component exhibits asymmetric conditional … Jones index returns. We find that a two-component mixed exponential power distribution dominates mixed normal distributions … the conditional variance processes become stationary. This happens because the mixed exponential power distribution allows …

majority of OECD countries, output growth-rate distributions are well-approximated by symmetric exponential-power densities …

majority of OECD countries, output growth-rate distributions are well-approximated by symmetric exponential-power densities … exponential-power densities with tails much fatter than those of a Gaussian. Fat tails robustly emerge in output growth rates …-Rate Distributions, Normality, Fat Tails, Time Series, Exponential-Power Distributions, Laplace Distributions, Output Dynamics. JEL …

We introduce a new 5-parameter family of distributions, the Asymmetric Exponential Power (AEP), able to cope with … Symmetric and Asymmetric Exponential Power Distribution ∗ Giulio Bottazzi† Angelo Secchi 04 December 2008 Abstract We introduce … a new 5-parameter family of distributions, the Asymmetric Exponential Power (AEP), able to cope with asymmetries and …

majority of OECD countries, output growth-rate distributions are well-approximated by symmetric exponential-power densities …

majority of OECD countries, output growth-rate distributions are well-approximated by symmetric exponential-power densities …

majority of OECD countries, output growth-rate distributions are well-approximated by symmetric exponential-power densities …

majority of OECD countries, output growth-rate distributions are well-approximated by symmetric exponential-power densities …

three different baseline distributions namely, Weibull, generalized exponential and exponential power distribution. To …