12-098/III - Bayesian Analysis of Instrumental Variable Models: Acceptance-Rejection within Direct Monte Carlo

• Authors
  Arnold Zellner (posthumously), University of Chicago, USA; Tomohiro Ando, Keio University, Japan; Nalan Basturk, Erasmus University Rotterdam; Lennart Hoogerheide, Erasmus University Rotterdam; Herman K. van Dijk, VU University Amsterdam, and Erasmus University Rotterdam
• Publication date
  September 24, 2012

• Keywords
  Instrumental variables, Bayesian inference, Direct Monte Carlo, Acceptance-Rejection, numerical standard errors
• JEL
  C11, C15, C26, C36