Understanding Markov-switching rational expectations models
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Publication:840671
DOI10.1016/j.jet.2009.05.004zbMath1195.91114MaRDI QIDQ840671
Daniel F. Waggoner, Tao Zha, Roger E. A. Farmer
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
stability; necessary and sufficient conditions; unique equilibrium; non-linearity; expectations formation; cross-regime indeterminacy
91B64: Macroeconomic theory (monetary models, models of taxation)
91B51: Dynamic stochastic general equilibrium theory
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