Instrumental variable, Phillips Curve and eViews
Posted: 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!
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!