Download or read book Choosing Information Variables for Transition Probabilities in a Time-varying Transition Probability Markov Switching Model written by Andrew Joseph Filardo and published by . This book was released on 1998 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Reserve Bank of Kansas City provides access to the full text of the paper "Choosing Information Variables for Transition Probabilities in a Time-Varying Transition Probability Markov Switching Model," written by Andrew J. Filardo. This paper discusses time-varying transition probability (TVTP) Markov switching models. Time-varying transition probabilities allow researchers to capture important economic behavior that may be missed using constant (or fixed) transition probabilities.