Summary
Recent research on the aggregate economy tries to understand how aggregate economic performance has differential impacts on individual economic units. This is partly due to increased access to detailed micro-level data sets, increased and cheaper computing power, and partly due to growing concerns about whether economic growth benefits all of society. While much progress has been made in both theory and empirical methods of understanding the links between the distribution of income and aggregate economic activity, current statistical methods used by academic researchers, central banks, and oth
