Weak Instrument Robust Tests in GMM and the New Keynesian Phillips Curve
- 1 July 2009
- journal article
- Published by Taylor & Francis in Journal of Business & Economic Statistics
- Vol. 27 (3) , 293-311
- https://doi.org/10.1198/jbes.2009.08280
Abstract
We discuss weak instrument robust statistics in GMM for testing hypotheses on the full parameter vector or on subsets of the parameters. We use these test procedures to reexamine the evidence on th...Keywords
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