International Fellows

Marcelo Moreira

Selected Publications

Impossible inference in econometrics: theory and applications

This paper studies models in which hypothesis tests have trivial power, that is, power smaller than […]

Marcelo Moreira, Marinho Bertanha
22 January 2019 | CWP02/19
Efficiency loss of asymptotically efficient tests in an instrumental variables regression

In a model with endogenous regressors, heteroskedastic and autocorrelated (HAC) errors and weak instruments, tests that […]

Geert Ridder, Marcelo Moreira
22 January 2019 | CWP03/19
Likelihood inference and the role of initial conditions for the dynamic panel data model

Lancaster (2002) proposes an estimator for the dynamic panel data model with homoskedastic errors and zero […]

Marcelo Moreira, Jose Diogo Barbosa
20 January 2017 | CWP04/17
A critical value function approach, with an application to persistent time-series

Researchers often rely on the t-statistic to make inference on parameters in statistical models. It is […]

Humberto Moreira, Rafael Mourão, Marcelo Moreira
14 June 2016 | CWP24/16
Optimal two-sided tests for instrumental variables regression with heteroskedastic and autocorrelated errors

This paper considers two-sided tests for the parameter of an endogenous variable in an instrumental variable […]

Marcelo Moreira, Humberto Moreira
14 June 2016 | CWP25/16