This paper develops the structure and closure of an econometric regime-switching model within a partial equilibrium framework that has the ability to generate reliable estimates and projections of endogenous variables under market switching regimes. Models used in policy evaluation usually...

Analysis of farm bill wheat policy options in response to a request from Senators Crapo and Baucus and Representatives Musgrave and Pomeroy.

Analysis of barley issues prepared in response to a request from Senators Crapo, Conrad, Craig, and Representatives Simpson, Otter, and Pomeroy.

The impact of increased consumption of biofuels on agricultural markets has already been substantial, and will increase further as countries around the world seek to expand the proportion of their energy that they get from renewable sources. Models of the agricultural sector must therefore...

This paper develops the structure and closure of an econometric regime-switching model within a partial equilibrium framework that has the ability to generate reliable estimates and projections of endogenous variables under market switching regimes. Models used in policy evaluation usually...