Foerster, Andrew; Rubio-Ramírez, Juan Francisco; … - In: Quantitative economics : QE ; journal of the … 7 (2016) 2, pp. 637-669
Markov-switching dynamic stochastic general equilibrium (MSDSGE) modeling has become a growing body of literature on economic and policy issues related to structural shifts. This paper develops a general perturbation methodology for constructing high-order approximations to the solutions of...