, one without housing collateral as benchmark and one variant allowing for it. Indirect Inference procedure tests these two …

in a powerful indirect inference test. One version has uncovered interest parity (UIP), the other risk-pooling. Both pass …

The standard approach to indirect inference estimation considers that the auxiliary parameters, which carry the … matching' and 'parameter matching' versions of indirect inference in this context and devise efficient estimation strategies in … efficient Generalized Method of Moments (GMM)-based estimator for the auxiliary parameters, the resulting indirect inference …

in a powerful indirect inference test. One version has uncovered interest parity (UIP), the other risk-pooling. Both pass …

The standard approach to indirect inference estimation considers that the auxiliary parameters, which carry the … matching” and “parameter matching” versions of indirect inference in this context and devise efficient estimation strategies in … efficient Generalized Method of Moments (GMM)-based estimator for the auxiliary parameters, the resulting indirect inference …