Importance of structural changes Markov Switching Models (MSM) Simulating a simple Markov Switching model Hamilton (1989) GNP example Kim and Nelson (1999) returns volatility example References Workshop in Advanced Econometrics using Eviews Part I : The Markov Switching Models (Hamilton, 1989) Qatar University College Of Business and Economics Department of Finance and Economics Presented by Dr. Charfeddine Lanouar May 7th, 2015 Dr. Lanouar CHARFEDDINE, May 7th, 2015 Workshop in Advanced Economterics using Eviews