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Performance of Markov Switching GARCH Model Forecasting Inflation Uncertainty

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Figure

Figure 1:On the other hand, inflation uncertainty’s being a variable of great interest to many
Figure 2: Histogram for monthly inflation rates from January 1, 1971 to February 1, 2014
Table 1: Summary statistics of monthly inflation rates
Table 2: Maximum Likelihood Estimates of Standard GARCH models with normal and t
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