Social Research The University of Melbourne Victoria / Melbourne Institute of Applied Economic / Economic Cycle Research Institute / Social Research The University of Melbourne Melbourne Institute Working Paper No. / Peter M. Summers Melbourne Institute of Applied Economic / / /
University of Melbourne Victoria / Melbourne Institute of Applied Economic / Economic Cycle Research Institute / National Bureau of Economic Research / Peter M. Summers Melbourne Institute of Applied Economic / University of Melbourne Melbourne Institute Working Paper / Australian Research Council / /
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Dick van Dijk / Nelson / Markov Switching / Penelope A. Smith / Peter M. Summers / James Hamilton / Adrian Pagan / Kim / Christopher Sims / Don Harding / / /
How Well Do Markov Switching Models Describe Actual Business Cycles? The Case of Synchronization* Penelope A. Smith and Peter M. Summers Melbourne Institute of Applied Economic and Social Research The University of Melbo