Dynamic Stochastic General Equilibrium (DSGE) model
GPTKB entity
Statements (31)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
macroeconomic model
|
| gptkbp:analyzes |
gptkb:economic_policy
business cycles aggregate economic phenomena |
| gptkbp:appliesTo |
policy analysis
forecasting |
| gptkbp:characterizedBy |
dynamic optimization
rational expectations general equilibrium microfoundations stochastic shocks |
| gptkbp:criticizedFor |
excessive reliance on rational expectations
difficulty modeling financial crises lack of empirical realism |
| gptkbp:estimatedCost |
maximum likelihood
Bayesian methods |
| https://www.w3.org/2000/01/rdf-schema#label |
Dynamic Stochastic General Equilibrium (DSGE) model
|
| gptkbp:includes |
gptkb:economic_policy
gptkb:government households firms |
| gptkbp:originatedIn |
1980s
|
| gptkbp:publishedIn |
academic journals
|
| gptkbp:relatedTo |
New Keynesian model
Real Business Cycle (RBC) model |
| gptkbp:usedBy |
policy makers
academic researchers central banks |
| gptkbp:usedIn |
macroeconomics
|
| gptkbp:bfsParent |
gptkb:Real_Business_Cycle_Theory
|
| gptkbp:bfsLayer |
7
|