Palgrave Handbook of Econometrics: Applied Econometrics

812 Computational Considerations in Microeconometrics Table 15.6 Endogenous NB, MSL withS=50 or 100 (1) S= 50 (2) S= 100 Coef. S ...

David T. Jacho-Chávez and Pravin K. Trivedi 813 Train (2003, Ch. 9) gives examples in which 100 Halton draws have efficiency tha ...

814 Computational Considerations in Microeconometrics A direct application of this capability is in storing asparsematrix (a ma ...

David T. Jacho-Chávez and Pravin K. Trivedi 815 Deb, P. and P.K. Trivedi (2006b) Specification and simulated likelihood estimati ...

816 Computational Considerations in Microeconometrics Linton, O.B. (1995) Second order approximation in the partially linear reg ...

David T. Jacho-Chávez and Pravin K. Trivedi 817 Silverman, B.W. (1982) Algorithm AS176. kernel density estimation using the fast ...

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Part VI Applications of Econometrics to Economic Policy ...

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16 The Econometrics of Monetary Policy: An Overview Carlo A. Favero Abstract This chapter concentrates on the econometrics of mo ...

822 The Econometrics of Monetary Policy left virtually unmodeled and relative price movements were not considered (see Fukac and ...

Carlo Favero 823 Commission approach are a mixture of “deep parameters,” describing preference and technology in the economy, an ...

824 The Econometrics of Monetary Policy as a consequence of developments in macroeconomic theory and empirical mod- eling. On th ...

Carlo Favero 825 The practical impossibility of applying the classical maximum likelihood prin- ciple to estimate DSGE models pa ...

826 The Econometrics of Monetary Policy Any given structure(16.1)will give rise to the observed reduced form(16.2)when the follo ...

Carlo Favero 827 reference for the evaluation of the structural model is derived from the structural model itself. 16.3 The diff ...

828 The Econometrics of Monetary Policy 16.3.2 Diagnoses related to statistical identification The diagnosis related to the spec ...

Carlo Favero 829 independently from structural identification problems as a consequence of lack of statistical identification. 1 ...

830 The Econometrics of Monetary Policy area of money demand (Baba, Hendry and Starr, 1992) and aggregate consumption expenditur ...

Carlo Favero 831  0 Zt= 1 Zt− 1 +C+! t+ηt, (16.6) whereCis a vector of constants, (^) tis an exogenously evolving random dist ...