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A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle

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Forward and spot exchange rates

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Marginal Likelihood from the Gibbs Output

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Has the U.S. Economy Become More Stable? A Bayesian Approach Based on a Markov-Switching Model of the Business Cycle

Chang‐Jin Kim, Charles R. Nelson · The Review of Economics and Statistics · 1999 · 1.2K citations

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