NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Understanding Markov-Switching Rational Expectations Models

Roger E.A. Farmer, Tao Zha, Daniel F. Waggoner

NBER Working Paper No. 14710
Issued in February 2009

---- Acknowledgements -----

This paper is a thorough revision of the earlier draft entitled "Understanding the New-Keynesian Model When Monetary Policy Switches Regimes" (NBER Working Paper 12965). We thank the referees and editors for thoughtful comments and Zheng Liu, Richard Rogerson, Eric Swanson, and John Williams for helpful discussions. We are grateful to Jacob Smith for excellent research assistance. This study is supported in part by NSF grant #0720839. The views expressed herein do not necessarily reflect those of the Federal Reserve Bank of Atlanta nor those of the Federal Reserve System. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

return to bibliography page

 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us