Research Discussion Paper – RDP 9611 A Markov-Switching Model of Inflation in Australia
December 1996
Contents
- Introduction
- Markov-Switching Models
- Model Specification
- Empirical Results
- Conclusion
- Appendix A: The Hamilton Filter and Maximum Likelihood Estimation
- References
The opinions expressed in this paper are those of the author and should not be attributed to the Reserve Bank of Australia. The paper has benefited from comments by Alison Tarditi.