• 1 Introduction
  • 2 The Dynamics of Micro-units
  • 3 Aggregation and Correction for Heterogeneity
  • 3.1 Aggregate dynamics
  • 3.2 Rewriting the aggregate dynamics
  • 3.3 The unrestricted approach
  • 3.4 The parametric estimator
  • 3.5 The minimum distance estimator
  • 4 Monte Carlo Simulations
  • 5 Application
  • 6 Conclusion
  • Appendices
  • 6.1 Appendix 1: Derivation of the reduced form of a linearrational expectations model
  • 6.2 Appendix 2: Proof of Proposition 1.
  • 6.3 Appendix 3: Proof of Lemma 1
  • 6.4 Appendix 4: Proof of Proposition 2
  • 6.5 Appendix 5: Proof of Lemma 2
  • 6.6 Appendix 6: Proof of Lemma 3
  • References
  • Captions