Empirical Exercises 5: Generalized Method of Moments
The empirical exercises in this course are created to help you carry out the empirical analyses required for the assignments. The exercises provide step-by-step instructions on how to estimate the various models in OxMetrics, how to interpret the results, etc.
If you find that you don't need to complete the empirical exercise, spend your time wisely and just work directly with the assignment.
Below, you can download a pdf-document with the empirical exercise.
Empirical Exercises 5.pdf Download Empirical Exercises 5.pdf.
Data and OxMetrics Program
Data files: MonetaryPolicy.xls Download MonetaryPolicy.xls.
Ox Module for GMM Estimation
To estimate by generalized method of moments, you need to download the module GMM 3.7. The module can be downloaded from the link below (use the password "econ") and the lecture note explains how to install and use the module for GMM estimation.
Online Tutorial for Empirical Exercise 5.1
In the online tutorial, we try to guide you through each of the questions in the exercise by combining explanations, graphs, hints, feedback, and quizzes.