Many economic time series exhibit dramatic breaks associated with events such as
economic recessions, financial panics, and currency crises. Such changes in regime may …

User contribution is critical to online communities but also difficult to sustain given its public
goods nature. This paper studies the design of IT artifacts to motivate voluntary contributions …

This research models the dynamics of customer relationships using typical transaction data.
Our proposed model permits not only capturing the dynamics of customer relationships, but …

The business cycle is a fundamental yet elusive concept in macroeconomics. In this paper,
we consider the problem of measuring the business cycle. First, we argue for the output-gap …

This paper introduces a regime-switching forward-looking Taylor rule to describe the
monetary policy behavior and considers its estimation using a two-step MLE procedure due …

We construct quarterly series of the revenues, expenditures, and debt outstanding for Japan
from 1980 to 2010, and analyze the sustainability of the fiscal policy. We pursue three …

The marketing and sales functions in many firms are often at odds despite their common
goal of increasing revenue and profit. The finger pointing goes both ways: Marketing …

As firms become more customer-centric, concepts such as customer equity come to the fore.
Any serious attempt to quantify customer equity requires modeling techniques that can …

This article introduces a new regression model—Markov-switching mixed data sampling
(MS-MIDAS)—that incorporates regime changes in the parameters of the mixed data …

Abstract Analysis of price transmission in transition countries is often complicated by
unstable policy environments. We use a Markov-switching vector error-correction model …