property of consistency in aggregation. This property, however, is indispensable for economic studies that attempt to …. The present paper introduces a thoroughly motivated formal definition of consistency in aggregation and proves that …, contrary to general perception, the three superlative price indices can be considered as consistent in aggregation. Furthermore …

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 "observed" inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

relevant subgroups as well as for the whole data. A method of calculation is said to be consistent in aggregation if it gives … definition of consistency in aggregation is given for a general class of aggregation rules. We show that any aggregation method … algebraic methods to derive certain properties of index numbers satisfying consistency in aggregation. In particular, we show …

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 …

-sectional aggregation. Nonetheless, formal analysis regarding the effect that aggregation has on the long memory dynamics of temperature … aggregation may be exacerbating the long memory estimated in regional and global temperature data. The results are robust to the …

index number methods like the CPDmethod and the GEKS method are utilised for the aggregation of the price data into higher …