Economics at your fingertips  

Understanding DSGE models

Celso Costa Junior ()

in Vernon Press Titles in Economics from Vernon Art and Science Inc

Abstract: While the theoretical development of DSGE models is not overly difficult to understand, practical application remains somewhat complex. The literature on this subject has some significant obscure points. This book can be thought of, firstly, as a tool to overcome initial hurdles with this type of modeling. Secondly, by showcasing concrete applications, it aims to persuade incipient researchers to work with this methodology. In principle, this is not a book on macroeconomics in itself, but on tools used in the construction of this sort of models. It strives to present this technique in a detailed manner, thereby providing a step by step course intended to walk readers through this otherwise daunting process. The book begins with a basic Real Business Cycle model. Subsequently various frictions are gradually incorporated into a standard DSGE model imperfect competition; frictions in prices and in wages ; habit formation; non-Ricardian agents; adjustment cost in investment; costs of not using the maximum installed capacity; and finally, Government.

Date: 2016 Written 2015-09-19
Edition: 1
ISBN: 978-1-62273-038-4
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed


Downloads: (external link) ... 8f6c045f136461d81ce4 (application/pdf)

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:

Ordering information: This item can be ordered from

Access Statistics for this book

More books in Vernon Press Titles in Economics from Vernon Art and Science Inc 1000 N West Street, Suite 1200.
Series data maintained by Elias Krontiris ().

Page updated 2017-12-07
Handle: RePEc:vpr:ecbook:70