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What is Instrumental Variables Regression Problems about?

This document contains an instrumental variables regression problem set with 8 questions. It addresses topics like weak instruments, two-stage least squares estimation, exogeneity of instruments, and identification in simultaneous equations models. The problem set tests understanding of key concepts in instrumental variables like relevance of instruments, exogeneity of instruments, and consistency of IV estimators. It also provides an empirical example analyzing cigarette demand with income and price as end

Author

Luca Vanz

Language

EN