Web9 de mar. de 2024 · This paper proposes a binary classifier to evaluate the rank condition (RC) that is required for consistency of the Common Correlated Effects (CCE) … WebWe investigate the microeconomic effects of the monetary policy conduct in the United States by observing the response of the domestic capital market with respect to unexpected changes in the Fed Funds rate target in discretionary as opposed to rules-based policy eras. These dichotomous situations are identified by means of a model with structural breaks …
On the robustness of the pooled CCE estimator
Web20 de mai. de 2014 · (e) Which estimator would you prefer? 1) What does efficiency of an estimator relative to another ? 2) why does "both estimators are consistent" mean ? and … WebHowever, the CCE estimator is consistent only in nondynamic panels (Chudik and Pesaran 2015b;EveraertandGroote2016). Inadynamicpanelsuchas y it = ... Pesaran (2006) considers a pooled version of the CCE estimator, with the con- how many parts are there in the body
Pooled Mean Group estimation on international capital mobility in ...
Web1 de mar. de 2012 · On the robustness of the pooled CCE estimator. Journal of Econometrics, Volume 220, Issue 2, 2024, pp. 325-348. Show abstract. Among the existing estimators of factor-augmented regressions, the CCE approach is the most popular. WebThe National Agricultural Library is one of four national libraries of the United States, with locations in Beltsville, Maryland and Washington, D.C. Web13 de ago. de 2024 · Abstract. This article extends the common correlated effects pooled (CCEP) estimator to homogenous dynamic panels. In this setting, CCEP suffers from a large bias when the time span (T) of the dataset is fixed.We develop a bias-corrected CCEP estimator that is consistent as the number of cross-sectional units (N) tends to infinity, … how can alcohol be dangerous