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ok no one seems to be helping out with the larger framework of it could some one please explain how I should estimate the internal habit model, cause it has expectations operator in it, how do i treat that? I type out the moment conditions E(m*R)-1=0 where m is the stochastic discount factor, the SD...

Hi I'm doing my dissertation on empirically comparing asset pricing models through GMM, I'm having a bit of trouble estimating and testing the models. I'm comparing the standard expected utility model with constant relative risk aversion, a recursive utility model (Epstien & Zin), two habit pers...