Dear all, we kindly invite you to our next Economic Theory & Policy talk on Mon, 8th of June, 2026, 1:30 PM - TU Wien, Sem.R. DA yellow 03 (Freihaus Building, 3rd floor, yellow area) Chi Hyun Kim (HU Berlin) https://sites.google.com/site/chihyunkimecon/ "Measuring the Effects of Aggregate Shocks on Unit-Level Outcomes and Their Distribution" This paper studies the effect of aggregate shocks on micro-level outcomes. We develop and estimate a cross-sectional units vector autoregression (csuVAR) that combines aggregate variables with unit-level outcomes, earnings in our application. The csuVAR also allows us to reconstruct the cross-sectional distribution from the unit-level outcomes. We contrast the csuVAR with a functional VAR model (fVAR) that is designed to directly track the evolution of macroeconomic aggregates and a cross-sectional distribution, but not individual units. In an empirical application we examine the effect of productivity shocks on the unit-level labor earnings dynamics in Germany, using a panel data set constructed from the Sample of Integrated Labour Market Biographies (SIAB) published by Institute for Employment Research (IAB) of the German Federal Employment Agency. Further events: https://www.tuwien.at/en/mg/econ/events Best, Julia Julia Hutter TU Wien Institute of Statistics and Mathematical Methods in Economics Research Group Economics Phone: +43 1 58801 10531 Mail: julia.hutter@tuwien.ac.at<mailto:julia.hutter@tuwien.ac.at> https://econ.tuwien.ac.at/