A tractable framework for analyzing a class of nonstationary Markov models

DOI10.3982/QE1360zbMath1466.91190OpenAlexW3122297097MaRDI QIDQ4991628

Inna Tsener, John B. Taylor, Serguei Maliar, Lilia Maliar

Publication date: 3 June 2021

Published in: Quantitative Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/qe1360

zbMATH Keywords

stochastic volatilitytime-varying parameterstechnological progresstrendsturnpike theoremregime switchessemi-Markov modelsunbalanced growthparameter driftseasonal adjustmentsnonstationary modelsparameter shiftextended pathanticipated shockfair and Taylor methodtime-inhomogeneous models

Mathematics Subject Classification ID

Economic growth models (91B62)

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