Reconstructing Aggregate Euro‐zone Data

Reconstructing historical euro‐zone data by aggregation across individual countries is problematic because of past exchange rate changes. The approach here avoids such distortions, yet aggregates exactly when exchange rates are fixed. This is achieved by aggregating weighted within‐country growth rates to obtain euro‐zone growth rates, then cumulating this euro‐zone growth rate to obtain aggregate levels. The aggregate implicit deflator then coincides with the implicit deflator of the aggregate nominal and real data. Sub‐aggregates also aggregate correctly, both regionally and temporally, as well as, e.g., monetary sub‐aggregates. The resulting euro‐zone data over the previous two decades are compared with other approaches

Aggregate (composite · Aggregate data · Econometrics · Economics · Exchange rate · GDP deflator · Monetary economics · Nanotechnology · Real gross domestic product · Statistics · Economic Policies and Impacts · Global Financial Crisis and Policies · Materials Science · Mathematics

• Aggregation, asymmetry, and common factors for Bangladesh’s exchange rate–trade balance relation

  Open Access•Rabeya Khatoon, Md Emran Hasan et al.•Empirical Economics•2022

  Añadir item

• Issues in Money Demand

  Open Access•Michael J Artis, Mike Artis et al.•JCMS Journal of Common Market…•2004

  Añadir item