Hi everyone,
I am currently interested in using Markov switching for a DSGE model and have been searching the forum for relevant models or code. However, most of the posts I found are quite dated, and I am trying to understand the process more thoroughly.
Am I correct in saying that Junior Maih’s RISE toolbox is still the best option for this?
If anyone could point me towards a (simple) model or code to see how this is implemented both theoretically and practically, I would greatly appreciate it.
Many thanks
Rob