Bandwidth selection and asymptotic properties of local nonparametric estimators in possibly nonstationary continuous-time models

A-Tier
Journal: Journal of Econometrics
Year: 2016
Volume: 192
Issue: 1
Pages: 119-138

Authors (2)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We derive the asymptotic properties of nonparametric estimators of the drift and diffusion functions, and the local time, of a discretely sampled diffusion process that is possibly nonstationary. We provide complete two-dimensional asymptotics in both the time span and the sampling interval, allowing for a precise characterization of their distribution, as well as the determination of optimal bandwidths for these estimators.

Technical Details

RePEc Handle
repec:eee:econom:v:192:y:2016:i:1:p:119-138
Journal Field
Econometrics
Author Count
2
Added to Database
2026-01-24