{"id":"https://openalex.org/W1590915225","doi":"https://doi.org/10.2139/ssrn.1127313","title":"Regime Switching, Learning, and the Great Moderation","display_name":"Regime Switching, Learning, and the Great Moderation","publication_year":2008,"publication_date":"2008-01-01","ids":{"openalex":"https://openalex.org/W1590915225","doi":"https://doi.org/10.2139/ssrn.1127313","mag":"1590915225"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.1127313","doi":"https://doi.org/10.2139/ssrn.1127313","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1127313","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.1127313","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5020227077","display_name":"James M. Murray","orcid":"https://orcid.org/0000-0003-3706-4895","observed_orcids":["https://orcid.org/0000-0003-3706-4895"]},"institutions":[{"id":"https://openalex.org/I4657992","display_name":"University of Wisconsin\u2013La Crosse","ror":"https://ror.org/00x8ccz20","country_code":"US","type":"education","lineage":["https://openalex.org/I4657992"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"James Murray","raw_affiliation_strings":["University of Wisconsin - La Crosse \u2013 Department of Economics, 1725 State Street, La Crosse, WI 54601, United States","University of Wisconsin - La Crosse \u2013 Department of Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Wisconsin - La Crosse \u2013 Department of Economics, 1725 State Street, La Crosse, WI 54601, United States","institution_ids":["https://openalex.org/I4657992"]},{"raw_affiliation_string":"University of Wisconsin - La Crosse \u2013 Department of Economics","institution_ids":["https://openalex.org/I4657992"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5020227077"],"corresponding_institution_ids":["https://openalex.org/I4657992"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9883000254631042,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9883000254631042,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.008299999870359898,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/great-moderation","display_name":"Great Moderation","score":0.9039999842643738},{"id":"https://openalex.org/keywords/learning","display_name":"learning","score":0.3050000071525574},{"id":"https://openalex.org/keywords/least-squares-learning","display_name":"least squares learning","score":0.7910000085830688},{"id":"https://openalex.org/keywords/new-keynesian-model","display_name":"New Keynesian model","score":0.7680000066757202},{"id":"https://openalex.org/keywords/inflation-volatility","display_name":"inflation volatility","score":0.7390000224113464},{"id":"https://openalex.org/keywords/output-volatility","display_name":"output volatility","score":0.9919999837875366},{"id":"https://openalex.org/keywords/markov-switching-model","display_name":"Markov regime switching","score":0.6100000143051147},{"id":"https://openalex.org/keywords/excess-volatility","display_name":"excess volatility","score":0.6449999809265137},{"id":"https://openalex.org/keywords/bad-luck-hypothesis","display_name":"bad luck hypothesis","score":0.6100000143051147}],"concepts":[{"id":"https://openalex.org/C93225998","wikidata":"https://www.wikidata.org/wiki/Q1941972","display_name":"Moderation","level":2,"score":0.6072131395339966},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.36621999740600586},{"id":"https://openalex.org/C180747234","wikidata":"https://www.wikidata.org/wiki/Q23373","display_name":"Cognitive psychology","level":1,"score":0.3368135988712311},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.30216965079307556}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.2139/ssrn.1127313","doi":"https://doi.org/10.2139/ssrn.1127313","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1127313","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:inu:caeprp:2008-011","doi":null,"is_oa":false,"landing_page_url":"https://caepr.indiana.edu/RePEc/inu/caeprp/CAEPR2008-011.pdf","pdf_url":"https://caepr.indiana.edu/RePEc/inu/caeprp/CAEPR2008-011.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:inu:caeprp:2008011","doi":null,"is_oa":false,"landing_page_url":"https://caepr.indiana.edu/RePEc/inu/caeprp/caepr2008-011.pdf","pdf_url":"https://caepr.indiana.edu/RePEc/inu/caeprp/caepr2008-011.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:3122813878","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/p/inu/caeprp/2008011.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:scholarworks.iu.edu:2022/3125","doi":null,"is_oa":false,"landing_page_url":"http://ssrn.com/abstract=1127313","pdf_url":null,"source":{"id":"https://openalex.org/S4306400987","display_name":"IUScholarWorks (Indiana University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I592451","host_organization_name":"Indiana University","host_organization_lineage":["https://openalex.org/I592451"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Working Paper"}],"best_oa_location":{"id":"doi:10.2139/ssrn.1127313","doi":"https://doi.org/10.2139/ssrn.1127313","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1127313","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":35,"referenced_works":["https://openalex.org/W174772358","https://openalex.org/W1493376445","https://openalex.org/W1500920071","https://openalex.org/W1562776424","https://openalex.org/W1974966439","https://openalex.org/W1995278743","https://openalex.org/W2002089403","https://openalex.org/W2010498262","https://openalex.org/W2014378975","https://openalex.org/W2059199803","https://openalex.org/W2074812030","https://openalex.org/W2094025373","https://openalex.org/W2098351789","https://openalex.org/W2121849922","https://openalex.org/W2126469786","https://openalex.org/W2127680685","https://openalex.org/W2135684574","https://openalex.org/W2135814741","https://openalex.org/W2140898820","https://openalex.org/W2142741054","https://openalex.org/W2170431464","https://openalex.org/W2189139855","https://openalex.org/W2264748064","https://openalex.org/W2892107753","https://openalex.org/W3123460923","https://openalex.org/W3123472754","https://openalex.org/W3123583581","https://openalex.org/W3124334953","https://openalex.org/W3124889570","https://openalex.org/W3124914874","https://openalex.org/W3125612054","https://openalex.org/W4214896009","https://openalex.org/W4232458941","https://openalex.org/W4240274626","https://openalex.org/W4247765758"],"related_works":["https://openalex.org/W3123408168","https://openalex.org/W2304926110","https://openalex.org/W7100708551","https://openalex.org/W1973581253","https://openalex.org/W7096204361","https://openalex.org/W7100837999","https://openalex.org/W7096593851","https://openalex.org/W2479630087","https://openalex.org/W2109661880","https://openalex.org/W2159478991"],"abstract_inverted_index":null,"counts_by_year":[],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}
