Sunday, June 8, 2014

DSGE Models

In Spring 2014 I talked a bit about DSGE models. DSGE stands for Dynamic Stochastic General Equilibrium. Models like this are how macroeconomists answer serious questions theoretically.

Discussions of them started showing up in principles books a few years back. In intermediate macro, students need to know that the descriptive/Solow growth models that they work with in class are the starting point on a road that leads to DSGE models.

Anyway, now there’s a blog that covers results strictly from DSGE models: NEP-DGE Blog.

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