Bayesian IV Regression in CausalPy

regression
instrumental variables
causal inference
Author

Nathaniel Forde

Published

August 15, 2023

Abstract
Bayesian IV designs as Structural Multivariate Models

Instrumental Variable Regression

In this project I sought to add the functionality for bayesian instrumental variable analysis to the CausalPy package. I adapted the work of Juan Orduz to contribute the base classes to the package and demonstrated how these classes can be used to esitmate instrumental regression by replicating the results of an Acemologu paper on the efficacy of political institutions. The demonstration can be seen here

Comparison with OLS