The Replication Network
Furthering the Practice of Replication in Economics
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Lagged Variables Make Good Instruments…Not!
[From the working paper, “Lagged Variables as Instruments” by Yu Wang and Marc Bellemare, posted at http://www.marcfbellemare.com%5D “…applied econometricians often settle on less-than-ideal IVs in an effort to “exogenize” x … One such less-than-ideal identication strategy is the use of what…
Read MoreThinking About Using Instrumental Variables? Think Again
[From the paper “Consistency without Inference: Instrumental Variables in Practical Application” by Alwyn Young, posted on his university webpage at London School of Economics] “I use Monte Carlo simulations, the jackknife and multiple forms of the bootstrap to study a…
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