Hi,
while trying out the 2SLS estimation for a
simultaneous equation model: IS-LM Model (Asteriou,
2006), I ecountered the following problem (see test
case attached)
You can see from the attached output that although
three instrument variables (M, I and M_1) are
specified, only one, I , was used in the estimation.
Please advise.
Thanks and have a nice day.
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