Some economists feel that the cpi mismeasures the true rate
Some economists feel that the CPI mismeasures the true rate of inflation, so OLS from (i) suffers from measurement bias. Reestimate equation using inft-1 as an IV for inft. How does the IV estimate of ß1 compare with the OLS estimate?
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some economists feel that the cpi mismeasures the true rate of inflation so ols from i suffers from measurement bias
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