Analyzing the Stability of Demand-for-Money Equations via Bounded-Influence Estimation Techniques
将有界影响工具变量法应用于美国货币需求误差修正模型，利用其生成的权重诊断方程设定和误差过程的结构不稳定性，为实证研究者提供了实用工具。
A robust estimation technique--bounded-influence instrumental variables--is applied to an error-correction model formulation of a U.S. money-demand equation. The weights generated by bounded-influence instrumental variables are used to diagnose structural instability in the specification of the equations and their error processes. These techniques are shown to be valuable additions to the empirical researchers' toolkit and have been implemented in commonly-used econometric software. Copyright 1990 by Ohio State University Press.