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Indeterminacy in a forward-looking regime switching model

Farmer, Roger E. A.; Waggoner, Daniel F.; Zha, Tao - In: International journal of economic theory 5 (2009) 1, pp. 69-84

Persistent link: https://www.econbiz.de/10003825304

Understanding the New-Keynesian model when monetary policy switches regimes

Farmer, Roger E. A.; Waggoner, Daniel F.; Zha, Tao - 2007

Persistent link: https://www.econbiz.de/10003443352

Understanding Markov-switching rational expectations models

Farmer, Roger E. A.; Waggoner, Daniel F.; Zha, Tao - In: Journal of economic theory 144 (2009) 5, pp. 1849-1867

Persistent link: https://www.econbiz.de/10003896662

Understanding Markov-Switching rational expectations models

Farmer, Roger E. A.; Zha, Tao; Waggoner, Daniel F. - 2009

Persistent link: https://www.econbiz.de/10003809471

Indeterminacy in a forward-looking regime-switching model

Farmer, Roger E. A. (contributor); … - 2007 - Rev.

This paper is about the properties of Markov-switching rational expectations (MSRE) models. We discuss possible solution concepts for MSRE models, distinguishing between stationary and bounded equilibria. For the case of models with one variable, we provide a necessary and sufficient condition...