Guidolin, Massimo; Ono, Sadayuki - Federal Reserve Bank of St. Louis - 2005
patterns has been considered interesting not only for its intrinsic
usefulness in asset pricing and portfolio management, but … the macroeconomy have been stable over
time, which counters a prior of evolving predictability patterns. To our knowledge … applications,
such as portfolio management.
The applications of regime switching models in macroeconomics and finance are …