This paper evaluates the out-of-sample forecasting accuracy of eleven models for monthly volatility in fifteen stock markets. Volatility is defined as within-month standard deviation of continuously compounded daily returns on the stock market index of each country for the ten-year period 1988 to 1997. The first half of the sample is retained for the estimation of parameters while the second ha...

The most recent IPCC report presented further scientific evidence for global climate change in the twenty-first century. Important secondary effects of climate change include those on water resource availability, agricultural yields, urban healthy living, biodiversity, ecosystems, food security, and public health. The aim of this explorative study was to determine the range of expected airborne...

This paper provides new evidence on the impacts of trade reforms on wages. Instead of achieving identification by comparing industrial wages before and after one episode of trade liberalization, our strategy exploits the recent historical record of policy changes adopted by Argentina: from significant protection in the early 1970s, to the first episode of liberalization during the late 1970s, b...

Much of the taxi route-planning literature has focused on driver strategies for finding passengers and determining the hot spot pick-up locations using historical global positioning system (GPS) trajectories of taxis based on driver experience, distance from the passenger drop-off location to the next passenger pick-up location and the waiting times at recommended locations for the next passeng...

First formal announcement of many of these results appeared in Some of the refereed papers relative to MA-model concepts and its mathematical construction.

Abstract The large deviations of an infinite moving average process with exponentially light tails are very similar to those of an i.i.d. sequence as long as the coefficients decay fast enough. If they do not, the large deviations change dramatically. We study this phenomenon in the context of functional large, moderate and huge deviation principles.

This paper examines the effects of strategic alliances on non-financial firms’ bank loan financing. We construct several measures to capture firms’ alliance activities using the frequency of alliance activities, the prominence of the alliance partner and the relative networking position in the overall alliance network. We find that firms with active alliance involvement experience a lower cost ...

This paper proposes a novel method for document enhancement. The method is based on the combination of two state-of-the-art filters through the construction of a mask. The mask is applied to a TV (Total Variation) regularized image where background noise has been reduced. The masked image is then filtered by NLmeans (Non Local Means) which reduces the noise in the text areas located by the mask...

We present richer typesetting models that extend the unsupervised historical document recognition system of BergKirkpatrick et al. (2013). The first model breaks the independence assumption between vertical offsets of neighboring glyphs and, in experiments, substantially decreases transcription error rates. The second model simultaneously learns multiple font styles and, as a result, is able to...