Both state-space models and Markov switching models have been highly productive paths for empirical research in macroeconomics and finance. This book presents r

This book contributes to re cent developments on the statistical analysis of multiple time series in the presence of regime shifts. Markov-switching models have

The past decade has seen powerful new computational tools for modeling which combine a Bayesian approach with recent Monte simulation techniques based on Markov

Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the disci

Both state-space models and Markov switching models have been highly productive paths for empirical research in macroeconomics and finance. This book presents r