Modern Models of the Macroeconomy—From Small Things, Big Things Come

Geraint Johnes ()
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Geraint Johnes: Lancaster University Management School

Chapter Chapter 16 in Economics for Lovers of Literature, 2023, pp 85-87 from Springer

Abstract: Abstract Beginning with a quote from Barrie, this chapter combines fiscal and monetary policies with insights about unemployment and inflation, placing the analysis in a dynamic setting. It thus introduces, in simple terms, the structure of DSGE models used in contemporary economics to analyse the macroeconomy.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-26486-3_16

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DOI: 10.1007/978-3-031-26486-3_16

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