Guidolin, Massimo; Timmerman, Allan - Federal Reserve Bank of St. Louis - 2005
/CFS/Deutsch Bundesbank workshop, the European Financial Management
Association meetings in Milan (June 2005), the Federal Reserve Bank of … solution of (14) only requires knowledge of π
b
(
ˆ
θ
t
),b=0, 1,...,B− 1,
although we allow the perceived state probabilities …