seemingly unrelated equation (TVSURE) model to examine the economic impact of MP and FP. Last, we also employed the Markov … switching regression (MSR) model not only to support the findings from the TVSURE model but also to propose policy …

pre-2000 trend inflation developing a Markov-switching New Keynesian dynamic stochastic general equilibrium (DSGE) model …

Markov switching models are a common tool used in many disciplines as well as in Economics, and estimation methods are ….5. Using simulated models we extend the analysis of a single series to investigate, and demonstrate the efficacy of Markov … switching models identifying a common factor in multiple time series. …