Economics, Econometrics and Finance
3 years ago

DSGE Models Revolutionize Macroeconomic Policy Making After Financial Crisis

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SSRN Electronic Journal
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. This paper looks at how these models were used before and after the financial crisis to help policymakers make informed choices.

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