Bellemare, Marc F.; Masaki, Takaaki; Pepinsky, Thomas B. - Volkswirtschaftliche Fakultät, … - 2015
identification using observational data. We show that "lag identification"--the use of lagged explanatory variables to solve … bias resulting from lag identification in a simple linear regression framework. We then present simulation results that … characterize how, even under favorable conditions, lag identification leads to incorrect inferences. These findings have important …