Flexible Nonlinear Inference with Endogenous Explanatory Variables
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kim, Dong Heon | - |
dc.date.accessioned | 2021-09-05T01:22:00Z | - |
dc.date.available | 2021-09-05T01:22:00Z | - |
dc.date.created | 2021-06-15 | - |
dc.date.issued | 2015 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/96399 | - |
dc.description.abstract | Hamilton's (2001) flexible nonlinear inference is not valid with endogenous explanatory variables. Hence, this paper proposes a framework to approach endogeneity problems in the flexible non-linear inference. We develop two estimation procedures, namely, joint estimation and two-step estimation procedures. The parameters in both models can be estimated by maximum likelihood or numerical Bayesian method. Our approach can be used in handling endogeneity and nonlinearity in the oil-macro relationship or in the monetary policy rule. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | SEOUL NATL UNIV, INST ECONOMIC RESEARCH | - |
dc.title | Flexible Nonlinear Inference with Endogenous Explanatory Variables | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Kim, Dong Heon | - |
dc.identifier.scopusid | 2-s2.0-84941285814 | - |
dc.identifier.wosid | 000420930800003 | - |
dc.identifier.bibliographicCitation | SEOUL JOURNAL OF ECONOMICS, v.28, no.3, pp.311 - 323 | - |
dc.relation.isPartOf | SEOUL JOURNAL OF ECONOMICS | - |
dc.citation.title | SEOUL JOURNAL OF ECONOMICS | - |
dc.citation.volume | 28 | - |
dc.citation.number | 3 | - |
dc.citation.startPage | 311 | - |
dc.citation.endPage | 323 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.identifier.kciid | ART002019546 | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | scopus | - |
dc.description.journalRegisteredClass | kci | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.subject.keywordAuthor | Control function approach | - |
dc.subject.keywordAuthor | Endogeneity | - |
dc.subject.keywordAuthor | Nonlinear flexible inference | - |
dc.subject.keywordAuthor | Two-step procedure | - |
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