MIT Dept. of Economics Graduate Student Research Papers Series

Robust Two-Step Confidence Sets, and the Trouble with the First Stage F-Statistic ?

Andrews, Isaiah (2014-09-04)

When weak identification is a concern researchers frequently calculate confidence sets in two steps, first assessing the strength of identification and then, on the basis of this initial assessment, deciding whether to use ...
Unique Equilibrium in the Eaton-Gersovitz Model of Sovereign Debt ?

Auclert, Adrien; Rognlie, Matthew (2014-09-04)

We provide a proof that Markov Perfect equilibrium is unique in the standard infinitehorizon incomplete-market model with a default option which, following Eaton and Gersovitz (1981), has become a benchmark for quantitative ...