Diff for "example_swz"

Differences between revisions 4 and 7 (spanning 3 versions)

Some differences with their paper :

Instead of using the Chicago Fed National Activity Index (CFNAI), the MOD file considers the interpolated monthly real GDP.
The coefficients b_{11} and b_{22} are considered constant in Davig and Hakkio (2010) whereas in the MOD file, they follow the markov switching process.

-  ⇤ ← Revision 4 as of 2011-05-30 14:03:48 → 
  Size: 157
  Editor: StephaneLhuissier
  Comment:
+   ← Revision 7 as of 2011-05-30 15:47:50 → ⇥
  Size: 583
  Editor: StephaneLhuissier
  Comment:
-Deletions are marked like this.
+Additions are marked like this.
 Line 3:
-What is the effect of financial stress on economic activity ?,  Troy Davig and Craig Hakkio (2010)
+[[http://www.kansascityfed.org/PUBLICAT/ECONREV/PDF/10q2Davig_Hakkio.pdf|What is the effect of financial stress on economic activity ?]],  Troy Davig and Craig Hakkio (2010)

[[attachment:DH10.mod]]
-Line 6:
+Line 8:
+Some differences with their paper :
 * Instead of using the Chicago Fed National Activity Index (CFNAI), the MOD file considers the interpolated monthly real GDP.
 * The coefficients b_{11} and b_{22} are considered constant in Davig and Hakkio (2010) whereas in the MOD file, they follow the markov switching process.