The Trouble With Triumph: Discourses of Governmentality in Mainstream Media Representations of Urban Youth

The Assets Coming Together for Youth project conducted a critical discourse analysis of mainstream media depictions of Jane-Finch to better understand the discursive strategies used to constitute urban youth. Although a substantive body of literature investigates the negative discourses, little analysis interrogates the nominally positive discourses deployed by mainstream media. The findings suggest that the sociopolitical significance of these nominally positive discourses may go uncontested and pose a challenge to communities advocating for policies to support urban youth development. These discourses are examined using governmentality theory to reveal how racialized narratives of individual triumph re/produce troubled communities.     

Bayesian inference of multiple structural change models with asymmetric GARCH errors

Structural change in any time series is practically unavoidable, and thus correctly detecting breakpoints plays a pivotal role in statistical modelling. This research considers segmented autoregressive models with exogenous variables and asymmetric GARCH errors, GJR-GARCH and exponential-GARCH specifications, which utilize the leverage phenomenon to demonstrate asymmetry in response to positive and negative shocks. The proposed models incorporate skew Student-t distribution and prove the advantages of the fat-tailed skew Student-t distribution versus other distributions when structural changes appear in financial time series. We employ Bayesian Markov Chain Monte Carlo methods in order to make inferences about the locations of structural change points and model parameters and utilize deviance information criterion to determine the optimal number of breakpoints via a sequential approach. Our models can accurately detect the number and locations of structural change points in simulation studies. For real data analysis, we examine the impacts of daily gold returns and VIX on S&P 500 returns during 2007–2019. The proposed methods are able to integrate structural changes through the model parameters and to capture the variability of a financial market more efficiently.