Document Type
Discussion Paper
Publication Date
7-1-2015
CFDP Number
2011
CFDP Pages
50
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.
Recommended Citation
Fair, Ray C., "Information Limits of Aggregate Data" (2015). Cowles Foundation Discussion Papers. 2448.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/2448