Dynamic stochastic general equilibrium models as a tool for policy analysis

Jana Kremer, Giovanni Lombardo, Leopold von Thadden and Thomas Werner

This article discusses the evolution of dynamic macroeconomic models from calibrated Real Business Cycle models to estimated dynamic stochastic general equilibrium models. The purpose is to suggest the usefulness of these models as a tool for policy analysis, with a particular emphasis on aspects of monetary policy

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Year of publication:	2006
Authors:	Kremer, Jana ; Lombardo, Giovanni ; Thadden, Leopold von ; Werner, Thomas
Published in:	CESifo economic studies : CESifo, a joint initiative of the University of Munich's Center for Economic Studies and the Ifo Institute. - Oxford : Oxford Univ. Press, ISSN 1610-241X, ZDB-ID 2098761-4. - Vol. 52.2006, 4, p. 640-665
Subject:	Dynamisches Gleichgewicht \| Dynamic equilibrium \| Stochastischer Prozess \| Stochastic process \| Real-Business-Cycle-Theorie \| Real business cycle model \| Makroökonomik \| Macroeconomics \| Geldpolitik \| Monetary policy \| Theorie \| Theory

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003402847