Foerster, Andrew Thomas - 2011
This dissertation presents two essays on Markov-Switching dynamic stochastic general equilibrium models.
The first … essay is "Perturbation Methods for Markov-Switching Models," which is co-authored with Juan Rubio-Ramirez, Dan Waggoner, and … Markov-Switching, which implies that parameters governing policies or the environment evolve over time in a discrete manner …