The class of Markov-functional models (MFMs) provides a framework that can be used to define interest-rate models of finite dimension calibrated to any arbitrage-free formula for caplet or swaption ...
This paper proposes a hidden state Markov model (HMM) that incorporates workers’ unobserved labor market attachment into the analysis of labor market dynamics. Unlike previous literature, which ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback