Author Question: The impact effect is the A) zero period dynamic multiplier. B) h period dynamic multiplier, ... (Read 436 times)

WhattoUnderstand · **on:** Jun 29, 2018

The impact effect is the

A) zero period dynamic multiplier.
B) h period dynamic multiplier, h>0.
C) cumulative dynamic multiplier.
D) long-run cumulative dynamic multiplier.

Question 2

The concept of exogeneity is important because

A) it clarifies whether or not the variable is determined inside or outside your model.
B) maximum likelihood estimation is no longer valid.
C) under strict exogeneity, OLS may not be efficient as an estimator of dynamic causal effects.
D) endogenous variables are not stationary, but exogenous variables are.