Title

Information Limits of Aggregate Data

Authors

Ray C. Fair

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.

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