Often empirical problems do not fit the modeling assumptions of Ordinary Least Squares (OLS) estimation. This workshop looks at two specific scenarios: (1) Nonlinearities in dependent and independent ...
Nonparametric instrumental variable (NPIV) estimation is a cutting‐edge methodological framework employed to uncover causal relationships in the presence of endogenous regressors, without imposing ...
This paper estimates the causal effect of fiscal rules on fiscal balances in a panel of 142 countries over the period 1985-2015. Our instrumental variable strategy exploits the geographical diffusion ...