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lectures/markov_chains_I.md

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@@ -107,8 +107,6 @@ From US unemployment data, Hamilton {cite}`Hamilton2005` estimated the followin
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Here there are three **states**
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* "ng" represents normal growth
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```
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Here
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* $P$ is the stochastic matrix for recession and growth {ref}`considered above <mc_eg2>`.
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Since the matrix is everywhere positive, there is a unique stationary distribution.
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Solution 2:

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