How does the iv estimate of ß1 compare with the ols estimate

Reference no: EM131161879

Some economists feel that the CPI mismeasures the true rate of inflation, so OLS from (i) suffers from measurement bias. Reestimate equation using inft-1 as an IV for inft. How does the IV estimate of ß1 compare with the OLS estimate?

Reference no: EM131161879

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