dynamic stochastic general equilibrium wikipedia - EAS

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    Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a macroeconomic method which is often employed by monetary and fiscal authorities for policy analysis, explaining historical time-series data, as well as future forecasting purposes.

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    As a practical matter, people often use the term "DSGE models" to refer to a particular class of econometric, quantitative models of business cycles or economic growth called real business cycle (RBC) models. Considered to be classicly

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    The formulation and analysis of monetary policy has undergone significant evolution in recent decades and the development of DSGE models has played a key role in this process. As was afore

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    In a 1976 paper, Robert Lucas argued that it is naive to try to predict the effects of a change in economic policy entirely on the basis of relationships observed in historical data, especially highly aggregated historical data. Lucas claimed that the decision rules of

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    In the 1980s, macro models emerged that attempted to directly respond to Lucas through the use of rational expectations econometrics

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    Structure
    By applying dynamic principles, dynamic stochastic general equilibrium models contrast with the static models studied in applied general equilibrium

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    Bank of Lithuania Deputy Chairman Raimondas Kuodis disputes the very title of DSGE analysis: The models, he claims, are neither dynamic (since they contain no evolution of stocks of

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    Federal Reserve Bank of Minneapolis president Narayana Kocherlakota acknowledges that DSGE models were "not very useful" for analyzing the financial crisis of 2007-2010 but

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    What is dynamic stochastic general equilibrium?
    Dynamic stochastic general equilibrium. Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a method in macroeconomics that attempts to explain economic phenomena, such as economic growth and business cycles, and the effects of economic policy, through econometric models based on applied...
    en.wikipedia.org/wiki/Dynamic_stochastic_general_equilib…
    What is the difference between general and stochastic models?
    Stochastic: The models take into consideration the transmission of random shocks into the economy and the subsequent economic fluctuations. General: referring to the entire economy as a whole.
    en.wikipedia.org/wiki/Dynamic_stochastic_general_equilib…
    What is the difference between the models'general equilibrium nature and assumptions?
    The models' general equilibrium nature is presumed to capture the interaction between policy actions and agents' behavior, while the models specify assumptions about the stochastic shocks that give rise to economic fluctuations. Hence, the models are presumed to "trace more clearly the shocks' transmission to the economy."
    en.wikipedia.org/wiki/Dynamic_stochastic_general_equilib…
    What are the stochastic components of the productivity model?
    The stated, exogenous, stochastic components in their model are "shocks to technology" and "imperfect indicators of productivity." The shocks involve random fluctuations in the productivity level, which shift up or down the trend of economic growth.
    en.wikipedia.org/wiki/Dynamic_stochastic_general_equilib…
  3. https://en.wikipedia.org/wiki/Talk:Dynamic_stochastic_general_equilibrium
    • Stub!!?? Certainly more material could be added, but I don't favor long articles in which the main points get lost. I can't see how this could be considered a stub under the assessment scale. --Rinconsoleao (talk) 12:47, 1 July 2008 (UTC)[] 1. Agree that the assessment is off. Reassess per WP:ECON/A. -FrankTobia (talk) 01:53, 17 August 2008 (UTC)[]
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    • שיווי משקל כללי דינמי סטוכסטי - Dynamic stochastic general …

      https://he2he.wiki/wiki/Dynamic_stochastic_general_equilibrium

      An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area(PDF). International Seminar on Macroeconomics. European Central Bank, Working Paper No. 171. p. 69. Solow, Robert(20 July 2010). "Building a Science of Economics for the Real World"(PDF).

    • dynamic stochastic general equilibrium - Wiktionary

      https://en.wiktionary.org/wiki/dynamic_stochastic_general_equilibrium

      Sep 05, 2020 · dynamic stochastic general equilibrium ( uncountable ) ( economics) The proposal that macroeconomic analysis be concerned with the theoretical consequences of optimizing behaviour by rational consumers, firms, and labourers, rather than with observable phenomena such as booms or slumps.

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