Information Limits of Aggregate Data

Ray C. Fair ()
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Ray C. Fair: Cowles Foundation, Yale University, https://economics.yale.edu/people/faculty/ray-fair

No 2011, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: This paper uses a small model in the Cowles Commission (CC) tradition to examine the limits of aggregate data.�It argues that more can be learned about the macroeconomy following the CC approach than the reduced form and VAR approaches allow, but less than the DSGE approach tries to do.

Keywords: Aggregate data; Macro models (search for similar items in EconPapers)
Pages: 50 pages
Date: 2015-07
New Economics Papers: this item is included in nep-dge
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