Determinacy and Classification of Markov-Switching Rational Expectations Models: A Technical Guide

Published: 16-04-2020| Version 2 | DOI: 10.17632/hd8crkt9bn.2
Contributor:
Seonghoon Cho

Description

This is a technical guide for the MOD (minimum of modulus) method proposed by Cho (2020), entitled " Determinacy and Classification of Markov-switching Rational Expectations Models", in the class of general Linear rational expectations (LRE) models and Markov-switching rational expectations (MSRE) models. This package provides a compact summary of the paper and illustrates how to implement the methodology. Current versions of the codes accompanying this technical guide and the numerical examples including the ones in the paper can be found at https://sites.google.com/site/sc719en. This technical guide and the matlab codes will be updated in the future.

Files

Steps to reproduce

Please read the technical guide and run example codes.