examining the consequences of temporal aggregation in (possibly) Granger causal systems of variables. Our approach is to compare … asymptotic theory based on large aggregation intervals we derive conditions for a correspondence between both concepts. These … results allow us to differentiate between spurious contemporaneous correlation arising because of aggregation, and true …

aggregated observations (see Working (1960)). This paper investigates the effect of aggregation on the relation between variables … (cointegration). It will be shown that aggregation does not distort the cointegration relation while some other features of the data … cointegration analysis seems to be robust against various aggregation strategies. -- cointegration ; aggregation ; time series …

both to the data sources and their aggregation, by providing a transparent account of our calculation procedure, which is … not yet common in the existing literature. -- european money demand ; monetary targeting ; aggregation …