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Furthermore, we have ∆∗ = Σn(bθW ) p∗ →Σ(θ W ) · 1987

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econ.EM 1

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2026 1

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Efficient GMM and Weighting Matrix under Misspecification

econ.EM · 2026-05-06 · unverdicted · novelty 6.0

A new class of GMM estimators based on augmented recentered moments delivers the smallest asymptotic variance among estimators sharing the same pseudo-true value under misspecification.

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  • Efficient GMM and Weighting Matrix under Misspecification econ.EM · 2026-05-06 · unverdicted · none · ref 4

    A new class of GMM estimators based on augmented recentered moments delivers the smallest asymptotic variance among estimators sharing the same pseudo-true value under misspecification.