ZHENG, Tingguo; WANG, Xia; GUO, Huiming - In: China Economic Review 23 (2012) 1, pp. 47-59
This paper introduces a regime-switching forward-looking Taylor rule to describe the monetary policy behavior and considers its estimation using a two-step MLE procedure due to Kim and Nelson (2006), Kim (2009) and Zheng and Wang (2010). By doing an empirical analysis on quarterly data for China...
