The UvA-LINKER will give you a range of other options to find the full text of a publication (including a direct link to the full-text if it is located on another database on the internet).
De UvA-LINKER biedt mogelijkheden om een publicatie elders te vinden (inclusief een directe link naar de publicatie online als deze beschikbaar is in een database op het internet).

Zoekresultaten

Zoekopdracht: faculteit: "FEB" en publicatiejaar: "2004"

AuteurS. Mavroeidis
TitelIdentification issues in forward-looking models estimated by GMM, with an application to the Phillips curve
UitgeverDepartment of Quantitative Economics, Universiteit van Amsterdam
PlaatsAmsterdam
Jaar2004
Pagina's27
SerietitelUvA Econometrics discussion paper
Serienummer2004/05
FaculteitFaculteit Economie en Bedrijfskunde
Instituut/afd.FEB: Research Institute in Economics and Econometrics Amsterdam (RESAM)
SamenvattingLimited-information methods are commonly used to estimate forward-looking models with rational expectations, such as the "New Keynesian Phillips Curve" of Galí and Gertler (1999). In this paper, we address issues of identification that have been overlooked due to the incompleteness of the single-equation formulation. We show that problems of weak instruments may arise, depending on the properties of the 'exogenous' variables, and that they are empirically relevant. We also uncover a link between identification and dynamic mis-specification, and examine the (lack of) power of Hansen's (1982) J test to detect invalid over-identifying restrictions. With regards to the New Phillips curve, we find that problems of identification cannot be ruled out, and they deserve further attention.
Soort documentRapport
Download bestand
Document finderUvA-Linker