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We use the regime-switching econometric models in Hamilton (1989) and Filardo (1994) to study...

This paper investigates whether Indonesia's recent currency crisis was due to domestic...

This paper identifies turning points for the U.S. business cycle using different time series. The...

Previous early-warning systems (EWSs) for currency crises have relied on models that require a...

This paper characterizes exchange market pressure as a nonlinear Markov-switching phenomenon, and...