Editors' introduction: Heavy tails and stable Paretian distributions in econometrics

摘要

This special issue is a collection of selected theoretical papers, some of which were presented at the 2005 Deutsche Bundesbank Fall Conference on “Heavy tails and stable Paretian distributions in finance and macroeconomics”, as well as some other related contributions in this field. This conference was held in celebration of the 80th birthday of Professor Beno?t B. Mandelbrot and took place at the Training Centre of the Deutsche Bundesbank in Eltville, Germany, from 10 to 12 November 2005. Another special issue containing more empirical papers from the conference was published in the Journal of Empirical Finance (17(2), March 2010). Sadly, Professor Beno?t B. Mandelbrot passed away on 14 October 2010 in Cambridge (Massachusetts).