TY  - SER
AU  - Chang, Minsu
AU  -  Chen, Xiaohong
AU  -  Schorfheide, Frank
TI  - Heterogeneity and Aggregate Fluctuations
PB  - Journal of Political Economy
KW  -  GDP
KW  -  Heterogeneity
KW  -  Vector Autoregression (VAR)
KW  - Macroeconomics
N2  - We develop a state-space model with a transition equation that takes the form of a functional vector autoregression (VAR) and stacks macroeconomic aggregates and a cross-sectional density. The measurement equation captures the error in estimating log dens
UR  - https://www.journals.uchicago.edu/doi/10.1086/731411
ER  -