We introduce Indirect Robust Generalized Method of Moments (IRGMM), a new simulation-based estimation methodology, to model short-term interest rate processes. The primary advantage of IRGMM relative to classical estimators of the continuous-time short-rate diffusion processes is that it...

Growth rate convergence, fact or artifact? An essay on panel data econometrics / Marc Nerlove -- Do panel data rescue the purchasing power parity (PPP) theory? / G.S. Maddala, Shaowen Wu and Peter C. Liu -- Neglected heterogeneity and dynamics in cross-country savings regressions / Nadeem U....