Asymptotic formulae for the distribution of M-estimators, i.e. maximum likelihood type estimators, of location, including the arithmetic mean, are derived which numerical studies show to give relative ...

In econometrics, seminonparametric (SNP) estimators originated in the consumer demand literature. The Fourier flexible form is a well-known example. The idea is to replace the consumer's indirect ...

Slope coefficients in rank-rank regressions are popular measures of intergenerational mobility. In this paper, we first point out two important properties of the OLS estimator in such regressions: ...

Bernstein polynomial estimation provides a robust nonparametric technique for approximating both density and distribution functions. Based on the properties of Bernstein polynomials, which uniformly ...

Ordinary Least Squares (OLS) estimation of monetary policy rules produces potentially inconsistent estimates of policy parameters. The reason is that central banks react to variables, such as ...

where is a vector valued function of the parameters given by the r expressions specified on the TEST statement. The Wald test is not invariant to reparameterization of the model (Gregory 1985, Gallant ...