• 1 Introduction
  • 2 Modeling challenges
  • 2.1 Financial market frictions
  • 2.2 Improving the analysis of scal policies: abandoning Ricardian equivalence
  • 2.3 DSGE modeling in EMEs
  • 3 Taking models to the data
  • 3.1 Data sets
  • 3.2 Estimation methods
  • 3.3 Misspecication issues
  • 3.4 Identication
  • 4 Policy evaluation and forecasting with DSGE models
  • 4.1 Are DSGE parameter estimates truly structural?
  • 5 Communicating DSGE Results
  • 6 Conclusions