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Aggregation without the Aggravation? Nonparametric Analysis of the Representative Consumer
revealed preference aggregation Gorman polar form GARP
2012/10/17
In the tradition of Afriat (1967), Diewert (1973) and Varian (1982), we provide a revealed preference characterisation of the representative consumer. Our results are simple and complement those of Go...
Aggregation in Large Dynamic Panels
aggregation large dynamic panels long memory weak and strong cross section dependence VAR models impulse responses factor models inflation persistence
2012/11/1
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allow...
Income and Wealth - Facilitating Multiple Approaches To Measurement and Permitting Different Levels of Aggregation
Income and Wealth Multiple Approaches Aggregation
2009/11/4
The first part of this Discussion Paper deals with income, the second part with wealth.
In both parts the key issues concern how to combine answers to HILDA's survey
questions into aggregate measur...
Is the ECI sensitive to the method of aggregation?
Employment Cost Index index number analysis price of labor
2009/4/24
Research by Bureau of Labor Statistics economists indicates that the Employment Cost Index (ECI) is not particularly sensitive to the methodology used in constructing the index. Also, because changes ...