Applications for DSGE Models in Central Banking: Key Issues Explored During Research Workshop of the National Bank of Ukraine
Sergii Kiiashko ()
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Sergii Kiiashko: National Bank of Ukraine
Visnyk of the National Bank of Ukraine, 2018, issue 246, 4-9
This paper reviews a research workshop that was held by the National Bank of Ukraine (NBU) in November 2018 on the application of DSGE models in central banking. We summarize the discussion of the advantages and drawbacks of DSGE modeling and potential ways to resolve issues and improve the models. Furthermore, this paper provides guidance on using DSGE models for forecasting and policy analysis.
Keywords: macroeconomic models; dynamic stochastic general equilibrium models; monetary policy; forecasting; policy analysis (search for similar items in EconPapers)
JEL-codes: E37 E52 E58 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ukb:journl:y:2018:i:246:p:4-9
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