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Los modelos dsge: una respuesta de la discusión macroeconómica

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  • Alvaro Hurtado Rendón
  • Humberto Franco González
  • Jesús Alonso Botero Garcia

Abstract

Models of Dynamic Stochastic General Equilibrium (DSGE) are based on the theory of general equilibrium that influences contemporary macroeconomics. This instrument explains the aggregate economic phenomena derived from microeconomic principles, and, as a special characteristic, the DSGE models are not vulnerable to the Lucas critique. Also, those consider that the economy is affected by random shocks. In this sense, empirical analysis seeks for the sources of economic fluctuations. This paper presents an overview of the theoretical literature on economic fluctuations in order to reflect on the development of modern macroeconomics, the reflection culminating with an overview of the DSGE

Suggested Citation

  • Alvaro Hurtado Rendón & Humberto Franco González & Jesús Alonso Botero Garcia, 2011. "Los modelos dsge: una respuesta de la discusión macroeconómica," Estudios Economicos, Universidad Nacional del Sur, Departamento de Economia, vol. 28(57), pages 59-77, july-dece.
    • Handle: RePEc:uns:esteco:v:28:y:2011:i:57:p:59-77
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    References listed on IDEAS

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    More about this item

    Keywords

    crecimiento económico; ciclo económico; equilibrio general dinámico estocástico;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E39 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Other
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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