Abstract The identification of average causal effects of a treatment in observational studies is typically based either on the unconfoundedness assumption (exogeneity of the treatment) or on the availability of an instrument. When available, instruments may also be used to test for the...

The purpose of this paper is to show how the stability properties of non-linear dynamic models may be characterized and studied, where the degree of stability is defined by the effects of exogenous shocks on the evolution of the observed stochastic system. This type of stability concept is...

The simulation-based inferential method called indirect inference was originally proposed for statistical models whose likelihood is difficult or even impossible to compute and/or to maximize. In this paper, indirect estimation is proposed as a device to robustify the estimation for models where...