Understanding Markov-switching rational expectations models

DOI10.1016/j.jet.2009.05.004zbMath1195.91114MaRDI QIDQ840671

Roger E. A. Farmer, Tao Zha, Daniel F. Waggoner

Publication date: 14 September 2009

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://www.nber.org/papers/w14710.pdf

zbMATH Keywords

stability; necessary and sufficient conditions; unique equilibrium; non-linearity; expectations formation; cross-regime indeterminacy

Mathematics Subject Classification ID

91B64: Macroeconomic theory (monetary models, models of taxation)

91B51: Dynamic stochastic general equilibrium theory

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