effects. Thus we assume for random effects the family of multivariate exponential power distributions (MEP); subsequently, by …

reasonably well described by an exponential power (or Subbotin) distribution. We start from a statistical equilibrium model that …

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 …

in both countries growth rates follow an exponential-power density, with tails that are fatter than a normal distribution …