Morley, James; Piger, Jeremy M. - Federal Reserve Bank of St. Louis - 2005
forecast of
jt
y
+
given the hypothetical knowledge that the
state process will enter regime
*
i in period t+1 and remain …
t−1
S
t
( )
. Thus, given the knowledge of
S
t
,
which is included in the vector
˜
S
t
, the future regimes in …