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Consistent Estimation When the Left-Hand Variable is Exogenous over Part of the Sample Period

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Author Info
Kohli, U
Abstract

This paper proposes a consistent estimation method for regression equations with a left-hand variable that is endogenous for some observations, and exogenous for others. This method is applied to the estimation of a demand-for-money function for Switzerland over a time interval which includes periods of monetary control; that is periods when the quantity of money can best be viewed as exogenous. Copyright 1989 by John Wiley & Sons, Ltd.

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Article provided by John Wiley & Sons, Ltd. in its journal Journal of Applied Econometrics.

Volume (Year): 4 (1989)
Issue (Month): 3 (July-September)
Pages: 283-93
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Handle: RePEc:jae:japmet:v:4:y:1989:i:3:p:283-93

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This page was last updated on 2009-12-17.

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