aggregation have contaminated research in monetary economics, have resulted in needless “paradoxes,” and have produced decades of … aggregation theory, now exist, the official central bank data most commonly used have not improved in most parts of the world …. While aggregation theoretic monetary aggregates exist for internal use at the European Central Bank, the Bank of Japan, and …

in hotels. By cross-sectional and temporal aggregation an INARMA(1,1) model for monthly data is obtained. The approach …

We provide a general theorem on the aggregation of preferences under uncertainty. We study, in the Anscombe …-dependent versions of these models). We prove that aggregation is possible and necessarily linear if (society's) preferences are smooth … possibility of aggregation of non-smooth preferences. …

several concerns. The present paper is an attempt to investigate two such questions. First, the effects of aggregation on the … accuracy ranking of selected updating methods, and second, the effects of aggregation on intertemporal stability of the input … matrices at four aggregation levels. Comparison of the resultant estimates at these four levels of aggregation with their …

aggregation across sectors of an economy. As an illustration, we use US data on manufacturing at the aggregate, sector and … industry levels, and find evidence of strong increasing returns to scale across all levels of aggregation. Technical progress …