Seeking for the existence of bull and bear regimes in the Indian stock market, a two state Markov switching autoregressive model (MS (2)-AR (2)) is used to identify bull and bear market regimes. The model predicts that Indian stock market will remain under bull regime with very high probability...

This article reconstructs the history of monetary policy of the central bank of Colombia inthe period 1990 to 2010 in which explicit ination targeting was adopted by October of 2000.To do so we developed theoretically a modi…ed Taylor rule with interest rate smoothing foran open and small...