Bullard, James B.; Singh, Aarti - Federal Reserve Bank of St. Louis - 2009
households attempting to learn the latent state of the economy. We use a standard equilibrium business cycle model with … a standard equilibrium business cycle
model with technology following an unobserved regime-switching
process. After 1984 …
learning, information, business cycles, regime-switching. JEL codes:
E3, D8.
Email: bullard@stls.frb.org. Any views expressed …