Figures & data
Fig. 1 Cumulative (null) distribution function of Wald statistic under narrative proxy.
NOTE: Dashed lines represent 68th and 95th percentiles; data-generating process assumes T = 1000, and
; null distribution approximated using 100,000 Monte Carlo replications.
![Fig. 1 Cumulative (null) distribution function of Wald statistic under narrative proxy.NOTE: Dashed lines represent 68th and 95th percentiles; data-generating process assumes T = 1000, η21=0.4 and vech(Σtr)≈(0.7,−1.1,1.4)′; null distribution approximated using 100,000 Monte Carlo replications.](/cms/asset/83da9a08-f32e-4840-b76d-abf60ba6a2a7/ubes_a_2115496_f0001_c.jpg)
Table 1 Weak-proxy robust inference—Monte Carlo results for .
Table 2 Weak-proxy robust inference—Monte Carlo results for .
Table 3 Robust Bayesian inference—Monte Carlo results for .
Table 4 Robust Bayesian inference—Monte Carlo results for .