International Fellows
Whitney K. Newey
MIT
Professor of Economics, Massachussets Institute of Technology
Selected Publications
2SLS is by far the most-used estimator for the simultaneous equation problem. However, it is now […]
It is common practice in econometrics to correct for heteroskedasticity.This paper corrects instrumental variables estimators with […]
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Instrumental variables are often associated with low estimator precision. This paper explores efficiency gains which might […]
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Using many valid instrumental variables has the potential to improve efficiencybut makes the usual inference procedures […]
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Using many moment conditions can improve efficiency but makes the usual GMM inferences inaccurate. Two step […]
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This papers studies and compares the asymptotic bias of GMM and generalized empirical likelihood (GEL) estimators […]
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Fixed effects estimators of panel models can be severely biased because of the well-known incidental parameters […]
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In an effort to improve the small sample properties of generalized method of moments(GMM) estimators, a […]