N. Emrah Aydinonat

335 days ago

The Need for Different Classes of Macroeconomic Models

piie.com

This is my third piece on dynamic stochastic general equilibrium models (DSGEs). The first, a PIIE Policy Brief, was triggered by a project, led by David Vines, to assess how DSGEs had performed during the financial crisis (namely, badly) and how they could be improved.