Complementary Bayesian Method of Moments Strategies
Methodology is proposed that addresses two problems that arise in application of the generalized method of moments representation of the likelihood in Bayesian inference: (1) a missing Jacobian term and (2) a normality assumption. The proposals are illustrated by application to the seminal application of the generalized method of moments methodology in the econometric literature: an endowment economy whose representative agent has constant relative risk aversion utility
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| Work Title | Complementary Bayesian Method of Moments Strategies |
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| License | All rights reserved |
| Work Type | Article |
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| Publication Date | March 2, 2020 |
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| Deposited | July 07, 2020 |
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