Ordinary Least Squares (OLS) estimation of monetary policy rules produces potentially inconsistent estimates of policy parameters. The reason is that central banks react to variables, such as ...
Weaned as we all are on linear equations estimated by ordinary least squares (OLS), we become understandably attached to the OLS R² and its measurement of variance explained. Whenever a linear ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback