Georgoutsos, Demetris A.; Kounitis, Thomas I. - In: Money, trade and finance : recent trends and …, (pp. 169-191). 2021
regime shifts. Through the estimation of an asymmetric Markov-Switching Vector Equilibrium Correction Model (MS …-VECM), comprising the short- and the long-term risk-free rate and the Moody's Baa-rated bond rate, we arrive at three basic results …