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Time series aggregation, disaggregation, and long memory

✍ Scribed by D. Celov; R. Leipus; A. Philippe


Publisher
Springer
Year
2007
Tongue
English
Weight
121 KB
Volume
47
Category
Article
ISSN
0363-1672

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The aggregation problem is a well-known difficulty in macroeconometric modelling. It is frequently assumed in these models that the behaviour of economic agents is uniform. Thus the behaviour of a single agent characterizes the aggregate behaviour of the agents (representative agent). However, there