However, it is argued in Part III that aggregation is not necessarily bad. Some important theory-based models that do not fit aggregate data well in their representative-agent version can be reconciled with aggregate data by introducing heterogeneity.
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However, it is argued in Part III that aggregation is not necessarily bad. Some important theory-based models that do not fit aggregate data well in their representative-agent version can be reconciled with aggregate data by introducing heterogeneity.
Imprint | Clarendon Press |
Country of origin | United Kingdom |
Series | The ASSET Series |
Release date | October 1997 |
Availability | Expected to ship within 12 - 17 working days |
Authors | Mario Forni, Marco Lippi |
Dimensions | 243 x 162 x 20mm (L x W x T) |
Format | Hardcover |
Pages | 254 |
ISBN-13 | 978-0-19-828800-8 |
Barcode | 9780198288008 |
Categories | |
LSN | 0-19-828800-X |