Construct · 1 fields · 1 citations

DSGE model: a standalone construct

One name. One construct. A landmark on the map.

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DSGE model1 CONSTRUCTDSGE modelSMETS · ECONOMETRICS

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Econometrics

a macroeconomic model built from optimizing households and firms facing random shocks, estimated to explain business cycles.

In econometrics, DSGE model refers to a macroeconomic model built from optimizing households and firms facing random shocks, estimated to explain business cycles. This meaning comes from Smets (2003) in Journal of the European Economic Association.[1]

Unit
Recovery means
Measured by

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Nearby constructs

association4 fields · 4 citationsjingle · one word, four constructsbusiness1 fields · 1 citationsanchor · a standalone constructmodel3 fields · 3 citationsjingle · one word, three constructs

References

  1. Smets, F., & Wouters, R. (2003). An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area. Journal of the European Economic Association, 1(5), 1123-1175. https://doi.org/10.1162/154247603770383415

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