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Patrick M. Kline

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Preprint Aug 2026

Repairing Locally Misspecified GMM: An Empirical Bayes Approach

Econometric models offer parsimonious but inexact approximations to data-generating processes. This paper studies the generalized method of moments (GMM) when exchangeable specification errors of order $n^{-1/2}$ contaminate the moment conditions. I develop estimators for the mean and variance of these specification er...

Patrick M. Kline · 0 citations

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