Instrumental variable, Phillips Curve and eViews

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LeonWalras
Posts: 17
Joined: Fri Mar 14, 2014 12:44 pm

Instrumental variable, Phillips Curve and eViews

Postby LeonWalras » Tue Mar 18, 2014 2:08 am

This is hopefully the last question I'll inundate you guys with :). I have tried eViews but I do not think it is for me unfortunately.

I want to estimate the following Phillips Curve using the Instrumental Variable method, pretending that real GDP (which is defined as the IV equations below) is the only available instrumental variable for predicting u_t (where _ denotes subscript).

Thank you in advance!
Attachments
Equation 3ciii.JPG
IV equation
Equation 3ciii.JPG (8.55 KiB) Viewed 2196 times
Equation 3cii.JPG
IV equation
Equation 3cii.JPG (8.95 KiB) Viewed 2196 times
Section B equation.JPG
Section B equation.JPG (9.66 KiB) Viewed 2196 times

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