Buckle, Robert A.; Haugh, David; Thomson, Peter - In: Journal of Business Cycle Measurement and Analysis 2004 (2004) 2, pp. 227-257
This paper fits Markov switching models to quarterly New Zealand aggregate GDP growth rates for the period 1978:1 to 2003:2 in order to analyse changes in mean and volatility over time. The models considered are drawn from a simple class of parsimonious, four state, Markov switching models which...
