In econometrics, seminonparametric (SNP) estimators originated in the consumer demand literature. The Fourier flexible form is a well-known example. The idea is to replace the consumer's indirect ...
Conditions under which implicit estimators of the parameters of the stable laws are asymptotically normal are provided. Explicit expressions for the asymptotic covariances are given; these covariances ...
Ordinary Least Squares (OLS) estimation of monetary policy rules produces potentially inconsistent estimates of policy parameters. The reason is that central banks react to variables, such as ...