Dynamic Stochastic General Equilibrium Models

GPTKB entity

Predicate	Object
gptkbp:instanceOf	Macroeconomic Model
gptkbp:abbreviation	DSGE Models
gptkbp:assumes	gptkb:Rational_Expectations gptkb:Representative_Agent Market Clearing Intertemporal Optimization Stochastic Shocks
gptkbp:component	gptkb:economic_policy gptkb:government Households Firms
gptkbp:criticizedFor	Assumption of Rational Expectations Difficulty in Modeling Financial Frictions Over-simplification
gptkbp:feature	gptkb:Rational_Expectations Dynamic Optimization General Equilibrium Microeconomic Foundations Stochastic Shocks
gptkbp:field	gptkb:Macroeconomics
https://www.w3.org/2000/01/rdf-schema#label	Dynamic Stochastic General Equilibrium Models
gptkbp:includedIn	gptkb:Julia gptkb:MATLAB R Dynare
gptkbp:influencedBy	gptkb:Real_Business_Cycle_Theory gptkb:New_Keynesian_Economics
gptkbp:notableFigure	gptkb:Edward_Prescott gptkb:Finn_Kydland gptkb:Robert_Lucas_Jr. gptkb:Lars_Peter_Hansen gptkb:Thomas_J._Sargent
gptkbp:originatedIn	1980s
gptkbp:output	Forecasts Impulse Response Functions Policy Simulations
gptkbp:relatedTo	gptkb:Computable_General_Equilibrium_Models Agent-Based Models New Keynesian DSGE Models Overlapping Generations Models Real Business Cycle Models
gptkbp:usedBy	gptkb:Federal_Reserve gptkb:International_Monetary_Fund gptkb:European_Central_Bank Central Banks
gptkbp:usedFor	Forecasting Business Cycle Analysis Economic Policy Analysis
gptkbp:bfsParent	gptkb:Rational_Expectations
gptkbp:bfsLayer	7