Economics, Econometrics and Finance
4 years ago

DSGE models revolutionize macroeconomic policy assessment post-financial crisis.

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RePEc: Research Papers in Economics
On DSGE Models
Lawrence J. Christiano, Martin Eichenbaum, Mathias Trabandt

Paper Summary

DSGE models are tools used by economists to understand how different factors in the economy interact and affect policy decisions. These models help policymakers assess the impact of changes on the economy before making decisions. The paper reviews how these models were used before and after the financial crisis to guide policy decisions.

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