Advances in Markov-Switching Models : Applications in Business Cycle Research and Finance Paperback / softback
Edited by James D. Hamilton, Baldev Raj
Part of the Studies in Empirical Economics series
Paperback / softback
Description
This book is a collection of state-of-the-art papers on the properties of business cycles and financial analysis.
The individual contributions cover new advances in Markov-switching models with applications to business cycle research and finance.
The introduction surveys the existing methods and new results of the last decade.
Individual chapters study features of the U. S. and European business cycles with particular focus on the role of monetary policy, oil shocks and co movements among key variables.
The short-run versus long-run consequences of an economic recession are also discussed.
Another area that is featured is an extensive analysis of currency crises and the possibility of bubbles or fads in stock prices.
A concluding chapter offers useful new results on testing for this kind of regime-switching behaviour.
Overall, the book provides a state-of-the-art over view of new directions in methods and results for estimation and inference based on the use of Markov-switching time-series analysis.
A special feature of the book is that it includes an illustration of a wide range of applications based on a common methodology.
It is expected that the theme of the book will be of particular interest to the macroeconomics readers as well as econometrics professionals, scholars and graduate students.
We wish to express our gratitude to the authors for their strong contributions and the reviewers for their assistance and careful attention to detail in their reports.
Information
-
Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Paperback / softback
- Pages:267 pages, 195 Illustrations, black and white; VIII, 267 p. 195 illus.
- Publisher:Springer-Verlag Berlin and Heidelberg GmbH & Co. K
- Publication Date:19/01/2013
- Category:
- ISBN:9783642511844
Information
-
Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Paperback / softback
- Pages:267 pages, 195 Illustrations, black and white; VIII, 267 p. 195 illus.
- Publisher:Springer-Verlag Berlin and Heidelberg GmbH & Co. K
- Publication Date:19/01/2013
- Category:
- ISBN:9783642511844
