Dueker, Michael (contributor); … - 2002 - [Elektronische Ressource]
unrealistically large to have any useful role in
a dynamic general equilibrium model economy, as Ambler and Paquet
(1994) first … dynamic general equilibrium models that include
Markov switching parameters. Linear decision rules, in contrast, imply …, E32
1 Introduction
Numerous dynamic stochastic general equilibrium (DSGE) macroeconomic
models now allow for variation …