In this paper we look for interest rate rules ensuring strong local equilibrium determinacy,i.e. making sure that there is a unique equilibrium starting out in the neighbourhood of thesteady state and that this equilibrium remains constantly in that neighbourhood. We showin a general framework...

We investigate inference in semi-parametric binary regression models, y = 1(x¯ +v+² 0) when ² is assumed uncorrelated with a set of instruments z, ² is independentof v conditionally on x and z, and the conditional support of ² is su¢ciently smallrelative to the support of v. We...