DSGE Models for Policy Analysis

Thomas Persson

Journal of Economics and Econometrics, 2016, vol. 59, issue 1, 1-32

Abstract: The present paper studies the use of DSGE models for policy analysis. Both the formulation and estimation of dynamic stochastic general equilibrium (DSGE) models is critically examined. Second, the paper highlights strengths and weaknesses of Real business cycle (RBC) vis-à-vis New-Keynesian DSGE models in the context of policy analysis. Third, the most important techniques which are required to formulate and estimate DSGE models are explained. Finally, the paper identifies the most promising avenues for future DSGE research.

Keywords: DSGE models; policy analysis. (search for similar items in EconPapers)
JEL-codes: C11 C13 E10 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ideas.repec.org/a/eei/journl/v59y2016i1p1-32.html
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eei:journl:v:59:y:2016:i:1:p:1-32

Access Statistics for this article

More articles in Journal of Economics and Econometrics from Economics and Econometrics Society Contact information at EDIRC.
Bibliographic data for series maintained by Julia van Hove ().