Estimated dynamic stochastic equilibrium (DSGE) models are now widely used for empirical
research in macroeconomics as well as for quantitative policy analysis and forecasting at …

In the last three decades, the methods and conclusions of macroeconomics have
deteriorated to the point that much of the work in this area no longer qualifies as scientific …

Dynamic stochastic general equilibrium (DSGE) models have become one of the
workhorses of modern macroeconomics and are extensively used for academic research as …

Dynare is a software platform for handling a wide class of economic models, in particular
dynamic stochastic general equilibrium (DSGE) and overlapping generations (OLG) models …

We review the current state of the estimation of dynamic stochastic general equilibrium
(DSGE) models. After introducing a general framework for dealing with DSGE models, the …

This chapter provides an overview of solution and estimation techniques for dynamic
stochastic general equilibrium models. We cover the foundations of numerical …

In the context of a dynamic, stochastic, general equilibrium model, we perform classical
maximum likelihood and Bayesian estimations of the contribution of anticipated shocks to …

We estimate a model for the US economy with monetary/fiscal policy mix changes. Monetary
policy accommodated fiscal policy through the'60s–'70s leading to high inflation. Monetary …

The new-Keynesian, Taylor rule theory of inflation determination relies on explosive
dynamics. By raising interest rates in response to inflation, the Fed induces ever-larger …

This paper assesses the presence and importance of the neo-Fisher effect in postwar data. It
formulates and estimates an empirical and a New Keynesian model driven by stationary and …