RBCs AND DSGEs: THE COMPUTATIONAL APPROACH TO BUSINESS CYCLE THEORY AND EVIDENCE

Ozer Karagedikli, Troy Matheson (), Christie Smith () and Shaun Vahey

Journal of Economic Surveys, 2010, vol. 24, issue 1, 113-136

Abstract: Abstract Real business cycle (RBC) and dynamic stochastic general equilibrium (DSGE) methods have become essential components of the macroeconomist's toolkit. This literature review stresses recently developed techniques for computation and inference, providing a supplement to the Romer textbook, which stresses theoretical issues. Many computational aspects are illustrated with reference to the simple divisible labor RBC model. Code and US data to replicate the computations are provided on the internet, together with a number of appendices providing background details.

Date: 2010
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https://doi.org/10.1111/j.1467-6419.2009.00589.x

Related works:
Working Paper: RBCs and DSGEs: The Computational Approach to Business Cycle Theory and Evidence (2008)
Working Paper: RBCs and DSGEs:The Computational Approach to Business Cycle Theory and Evidence (2007)
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