Some recent research has suggested that macroeconomic variables, such as output and inflation, can improve interest rate forecasts. However, the evidence for this puzzling result is based on ...
In this paper we use simulations to examine how endogeneity biases the results reported by ordinary least squares (OLS) regression. In addition, we examine how instrumental variable techniques help to ...
A growing share of polling is conducted with online opt-in samples. 1 This trend has raised some concern within the industry because, while low participation rates pose a challenge for all surveys, ...