This paper studies the fundamentals of the aggregation problem. The concept is most central in understanding the … relations between micro and macroeconomics. Though aggregation is mentioned often it is not studied explicitly in this … via aggregation. In addition, we try to give areader an idea of under what kind of conditions the representative agent …

Maravall and del Riacute;o (2001), analized the time aggregation properties of the Hodrick-Prescott (HP) filter, which … decomposes a time series into trend and cycle, for the case of annual, quarterly, and monthly data, and showed that aggregation … aggregation that provide similar results. We use as the main criterion for aggregation the preservation of the period associated …

aggregation across countries over the heterogeneous representative agents, and we derive the resulting formulas for stochastic … aggregation over countries. Our theory permits monitoring the effects of policy at the aggregate level over the euro area, while …

transformed to an index variable using four distinct aggregation techniques (discretionary weighting, optimized weighting …

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which ‘observed' inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which ﾑobservedﾒ inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which "observed" inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …