I'd previously noticed that monetary policy can undergo a "phase transition" (or regime change) where the information transfer model changes from one set of fit parameters (or even particular solution to the differential equation) to another.
Share this post
Monetary regime change
Share this post
I'd previously noticed that monetary policy can undergo a "phase transition" (or regime change) where the information transfer model changes from one set of fit parameters (or even particular solution to the differential equation) to another.