KÄHLER, Juergen; MARNET, Volker - Institut de Recherche Économique et Sociale (IRES), … - 1992
In this article, we concern ourselves with the modelling of macroe- conomic time series within the unit-roots framework. We apply two approaches which seem to be well suited to model business cycles and long-run growth phenomena. First, we apply the Markov-switching model which is built around...