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Exogenous fluctuations : DSGE models

Author

Listed:
  • Giulio Nicoletti

    (European Central Bank)

  • Luca Pensieroso

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES))

Abstract

This article surveys Dynamic Stochastic General Equilibrium models, from the Real Business Cycle to the New Keynesian variant. We spell out both the analytics and the empirics of the models, as well as their historical origins.

Suggested Citation

  • Giulio Nicoletti & Luca Pensieroso, 2026. "Exogenous fluctuations : DSGE models," LIDAM Discussion Papers IRES 2026001, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvir:2026001
    as

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    File URL: https://sites.uclouvain.be/econ/DP/IRES/2026001.pdf
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    References listed on IDEAS

    as
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    Keywords

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    JEL classification:

    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates

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