Estimating Euler equations with noisy data: two exact GMM estimators
In this paper we exploit the specific structure of the Euler equation and develop two alternative GMM estimators that deal explicitly with measurement error. The first estimator assumes that the measurement error is lognormally distributed. The second estimator drops the distributional assumption an...
Main Authors: | , , |
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Format: | Working paper |
Published: |
University of Oxford
2006
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