Bayesian Inference in IV Regressions
收藏NBER2026-01-01 更新2026-01-10 收录
下载链接：
https://www.nber.org/papers/w34648
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资源简介：
It is well known that standard frequentist inference breaks down in IV regressions with weak instruments. Bayesian inference with diffuse priors suffers from the same problem. We show that the issue arises because flat priors on the first-stage coefficients overstate instrument strength. In contrast
提供机构：
美国国家经济研究局
创建时间：
2026-01-01
