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Some Consequences of Temporal Aggregation in Empirical Analysis

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Author Info
Marcellino, Massimiliano

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Abstract

The author derives the generating mechanism of a temporally aggregated process when the disaggregated one belongs to the vector autoregressive integrated moving average class. He then studies the effects of temporal aggregation on a set of characteristics of usual interest such as exogeneity, causality, cointegration, and common features. An empirical example with Canadian interest rates illustrates the main issues.

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Publisher Info
Article provided by American Statistical Association in its journal Journal of Business and Economic Statistics.

Volume (Year): 17 (1999)
Issue (Month): 1 (January)
Pages: 129-36
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Handle: RePEc:bes:jnlbes:v:17:y:1999:i:1:p:129-36

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