regional house prices in Canada exhibit financial characteristics similar to stock indices. Volatility clustering, positive … markets of Canada. These volatility behaviors, which reflect regional idiosyncrasies, are further found to differ across … provinces. More densely populated provinces exhibit stronger volatility clustering of house prices. The existence of these …

daily stock index returns throughout the period 2004-2008. Our estimation results confirm that the persistency in volatility … wide variety of stocks, bonds and options. Evidence suggests that both the expected return and the volatility vary over … considerable effort has been devoted to the modelling of time-varying volatility. Recent attention has moved to examining the …