Statements (42)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
macroeconomic model
|
| gptkbp:canBe |
linear
nonlinear estimated with Bayesian methods estimated with Maximum Likelihood |
| gptkbp:characterizedBy |
rational expectations
general equilibrium microfoundations stochastic shocks dynamic behavior |
| gptkbp:criticizedFor |
excessive abstraction
difficulty capturing financial crises reliance on rational expectations |
| gptkbp:developedBy |
1970s
|
| gptkbp:fileExtension |
Financial Frictions DSGE model
Heterogeneous Agent DSGE model Open Economy DSGE model |
| gptkbp:hasComponent |
gptkb:Euler_equation
gptkb:Phillips_curve resource constraint policy rule |
| https://www.w3.org/2000/01/rdf-schema#label |
DSGE model
|
| gptkbp:implementedIn |
gptkb:IMF
gptkb:OECD central banks |
| gptkbp:includes |
gptkb:economic_policy
gptkb:government households firms |
| gptkbp:popularizedBy |
gptkb:Edward_Prescott
gptkb:Finn_Kydland gptkb:Robert_Lucas |
| gptkbp:relatedTo |
gptkb:Real_Business_Cycle_theory
gptkb:New_Keynesian_economics |
| gptkbp:solvedBy |
calibration
estimation |
| gptkbp:standsFor |
Dynamic Stochastic General Equilibrium model
|
| gptkbp:usedFor |
policy analysis
economic forecasting |
| gptkbp:usedIn |
macroeconomics
|
| gptkbp:bfsParent |
gptkb:Mathematical_economics
|
| gptkbp:bfsLayer |
8
|