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MODELLING EXPECTATIONS: A REVIEW OF LIMITED INFORMATION ESTIMATION METHODS
Author(s) -
Cuthbertson Keith
Publication year - 1990
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/j.1467-8586.1990.tb00289.x
Subject(s) - estimator , estimation , econometrics , economics , econometric model , computer science , mathematics , statistics , management
The plethora of limited information estimation methods applied to expectations models are presented within a coherent framework based on standard econometric estimators. It is then possible to isolate those problems that arise solely because of the inclusion of expectations variables. The relationship between the economic solution of RE models and the appropriate choice of estimator is examined.