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PDF-INDIRECT INFERENCE prepared for The New Palgrave Dictionary of Economics Second Edition Abstract Indirect inference is a simulationbased method for estimating the parameters of economic models

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Published 2014-12-14 | 7174 Views

INDIRECT INFERENCE prepared for The New Palgrave Dictionary of Economics Second Edition Abstract Indirect inference is a simulationbased method for estimating the parameters of economic models
Its hallmark is the use of an auxiliary model to capture aspects of the data upon which to base the estimation The parameters of the auxiliary model can be estimated

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