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Bayesian evidence on the structure of unemployment

Summers, Peter M. - 2003

Persistent link: https://www.econbiz.de/10001739215

Regime switches in GDP growth and volatility : some international evidence and implications for modelling business cycles

Smith, Penelope A.; Summers, Peter M. - 2002

Persistent link: https://www.econbiz.de/10001715865

Identification and normalization in Markov switching models of "business cycles"

Smith, Penelope A. (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002541250

Australian economic growth : non-linearities and international influences

Henry, Ólan Thomas John; Summers, Peter M. - 2000

Persistent link: https://www.econbiz.de/10001460842

Identification and Normalization in Markov Switching Models of 'Business Cycles'

Smith, Penny; Summers, Peter M. - 2004

Recent work by Hamilton, Waggoner and Zha (2004) has demonstrated the importance of identification and normalization in econometric models. In this paper, we use the popular class of two-state Markov switching models to illustrate the consequences of alternative identification schemes for...

Persistent link: https://www.econbiz.de/10014068757