Fanelli, Luca - Dipartimento di Scienze Statistiche "Paolo Fortunati", … - 2010
) model has a unique stable solution (determinacy) against the alternative of multiple stable solutions (indeterminacy). Under … a proper set of identification restrictions, determinacy is investigated by a misspecification-type approach in which … LRE places on its finite order reduced form under determinacy. This approach (i) circumvents the nonstandard inferential …