BAYESIAN ANALYSIS OF INSTRUMENTAL VARIABLE MODELS: ACCEPTANCE-REJECTION WITHIN DIRECT MONTE CARLO

Arnold Zellner, Tomohiro Ando, Nalan Basturk, Lennart Hoogerheide, Herman K. van Dijk

    Research output: Contribution to journalArticleAcademicpeer-review

    3 Citations (Scopus)
    Original languageEnglish
    Pages (from-to)3-35
    JournalEconometric Reviews
    Volume33
    Issue number1-4
    DOIs
    Publication statusPublished - 10 Feb 2014

    JEL classifications

    • c11 - Bayesian Analysis: General
    • c15 - Statistical Simulation Methods: General
    • c26 - Single Equation Models: Single Variables: Instrumental Variables (IV) Estimation
    • c36 - Multiple or Simultaneous Equation Models: Instrumental Variables (IV) Estimation

    Keywords

    • Acceptance-Rejection
    • Bayesian inference
    • Direct Monte Carlo
    • Instrumental variables
    • Numerical standard errors

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