Before revision:  Monte Carlo simulations suggest a good finite sample performance for the proposed inferences  .
After revision:  Monte Carlo simulations suggest a good finite sample performance for the proposed inferences . Finally, in an empirical application estimating the elasticity of intertemporal substitution (EIS) with US data, we obtain TSIV estimates that are much larger than their standard IV counterparts, with our robust Hausman test failing to reject the null hypothesis of exogeneity of real interest rates .