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The inference for hidden Markov chain models in which the structure is a multiple-equation macroeconomic model raises a number of difficulties that are not as likely to appear in smaller models. One is likely to want to allow for many states in the Markov chain without allowing the number of...
Persistent link: https://www.econbiz.de/10010292364
The inference for hidden Markov chain models in which the structure is a multiple-equation macroeconomic model raises a number of difficulties that are not as likely to appear in smaller models. One is likely to want to allow for many states in the Markov chain without allowing the number of...
Persistent link: https://www.econbiz.de/10003730549
Persistent link: https://www.econbiz.de/10003782971
The inference for hidden Markov chain models in which the structure is a multiple-equation macroeconomic model raises a number of difficulties that are not as likely to appear in smaller models. One is likely to want to allow for many states in the Markov chain without allowing the number of...
Persistent link: https://www.econbiz.de/10012709534
Persistent link: https://www.econbiz.de/10008135100
Persistent link: https://www.econbiz.de/10008898220
Inference for multiple-equation Markov-chain models raises a number of difficulties that are unlikely to appear in smaller models. Our framework allows for many regimes in the transition matrix, without letting the number of free parameters grow as the square as the number of regimes, but also...
Persistent link: https://www.econbiz.de/10005192979
The inference for hidden Markov chain models in which the structure is a multiple-equation macroeconomic model raises a number of difficulties that are not as likely to appear in smaller models. One is likely to want to allow for many states in the Markov chain without allowing the number of...
Persistent link: https://www.econbiz.de/10005514602