Guidolin, Massimo (contributor); … - 2007 - Rev.
starting from a bear/recession regime, 17% of the time the
system accesses a rebound (76% it stays in a bear regime). As a … Returns
Massimo Guidolin
and
Carrie Fangzhou Na
Working Paper 2006-059B
http … Regime Switching: An
Application to Predictable US Returns
∗
Massimo Guidolin
†
University of Manchester Business School and …