first-order local identification failure with dependent data. More specifically, we obtain conditions under which the … identification fails but global identification is still attainable. In the process, we derive some novel intermediate results that … include extending the first- and second-order local identification framework to models defined by conditional moment …

robust to both misspecification and weak identification, hence its name. The minimizer is the so‐called pseudo‐true value … work where misspecification and weak identification are common, we use the DRLM test to analyze: the risk premia in Adrian …