Statements (33)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
macroeconomic model
|
| gptkbp:assumes |
representative agent
market clearing intertemporal optimization random shocks |
| gptkbp:criticizedFor |
excessive reliance on rational expectations
difficulty capturing crises lack of financial sector detail |
| gptkbp:developedBy |
1970s
|
| gptkbp:feature |
dynamic optimization
rational expectations general equilibrium microeconomic foundations stochastic shocks forward-looking behavior |
| gptkbp:form |
system of equations
|
| https://www.w3.org/2000/01/rdf-schema#label |
DSGE models
|
| gptkbp:notableExample |
New Keynesian DSGE model
Smets-Wouters model |
| gptkbp:relatedTo |
New Keynesian models
Real Business Cycle models |
| gptkbp:solvedBy |
gptkb:simulation
calibration estimation |
| gptkbp:standsFor |
gptkb:Dynamic_Stochastic_General_Equilibrium_models
|
| gptkbp:usedBy |
policy makers
central banks |
| gptkbp:usedFor |
policy analysis
forecasting business cycle analysis |
| gptkbp:usedIn |
macroeconomics
|
| gptkbp:bfsParent |
gptkb:new_neoclassical_synthesis
|
| gptkbp:bfsLayer |
6
|