Series: IMF Working Papers
Author(s): Agustin Roitman , and Christian Daude
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2011
Keywords: saving, uncertainty, Bayesian learning, Markov switching, autocorrelation, stochastic process, correlation, probabilities, statistics, Asymmetric and Private Information,
Emerging markets are more volatile and face different types of shocks, in size and nature, compared to their developed counterparts. Accurate identification of the stochastic properties of shocks is difficult. We s...