Dynamic Stochastic General Equilibrium Models as a Tool for Policy Analysis
This article discusses the evolution of dynamic macroeconomic models from calibrated Real Business Cycle models to estimated dynamic stochastic general equilibrium models. The purpose is to suggest the usefulness of these models as a tool for policy analysis, with a particular emphasis on aspects of monetary policy. (JEL classification: D58, E50) Copyright 2006, Oxford University Press.
Volume (Year): 52 (2006)
Issue (Month): 4 (December)
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