Guidolin, Massimo (contributor) - 2005
Stockholm (August 2003), the Midwest Economics Association Meetings in St. Louis (March 2003),
IGIER Milan, University of … Virginia, and the III Workshop in Macroeconomic Dynamics in Milan (December 2003).
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Department of Economics, University of … probability parameter π. At each date
the real growth rate is either high (g
h
, a business cycle expansion) or low (g
l
with −1 …