This paper reviews recent developments in methods for dealing with weak instruments (IVs)
in IV regression models. The focus is more on tests and confidence intervals derived from …

This paper reviews recent developments in methods for dealing with weak instruments (IVs)
in IV regression models. The focus is more on tests and confidence intervals derived from …

Several academics and practitioners have pointed out that inflation follows a seemingly
exogenous statistical process, unrelated to the output gap, leading some to argue that the …

This paper introduces the model confidence set (MCS) and applies it to the selection of
models. A MCS is a set of models that is constructed such that it will contain the best model …

We review the main identification strategies and empirical evidence on the role of
expectations in the New Keynesian Phillips curve, paying particular attention to the issue of …

We estimate a small-scale, structural general equilibrium model of a small open economy
using Bayesian methods. Our main focus is the conduct of monetary policy in Australia …

The recession in India and the UK peaked in 2017 due to the implications of new policy
initiatives. The outbreak of the COVID-19 pandemic at the beginning of 2020 intensified the …

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 …

This review tells the story of the past 20 years of time series econometrics through ten
pictures. These pictures illustrate six broad areas of progress in time series econometrics …

We use identification-robust methods to assess a New Keynesian Phillips Curve (NKPC)
equation. We focus on the Gali–Gertler [1999. Inflation dynamics: a structural econometric …