ADAPTIVE LEARNING IN REGIME-SWITCHING MODELS

DOI10.1017/S1365100511000800zbMath1285.91097OpenAlexW2034316399MaRDI QIDQ5411526

Troy Davig, Bruce McGough, William A. Branch

Publication date: 23 April 2014

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100511000800

zbMATH Keywords

regime switchingadaptive learningsunspotsE-stability

Mathematics Subject Classification ID

Markov processes: estimation; hidden Markov models (62M05) Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Related Items (5)

LEARNING ABOUT REGIME CHANGE ⋮ Coherence without rationality at the zero lower bound ⋮ Monetary policy switching and indeterminacy ⋮ Determinacy and classification of Markov-switching rational expectations models ⋮ E-stability vis-à-vis determinacy in regime-switching models

Cites Work

• Expectational stability of stationary sunspot equilibria in a forward-looking linear model
• Stable sunspot solutions in models with predetermined variables
• Monetary policy, indeterminacy and learning
• Optimal monetary policy in a regime-switching economy: The response to abrupt shifts in exchange rate dynamics
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Rational Expectations Equilibria, Learning, and Model Specification
• Expectational Stability and the Multiple Equilibria Problem in Linear Rational Expectations Models
• The Solution of Linear Difference Models under Rational Expectations
• A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

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