Some Notes on Historical, Theoretical, and Empirical Background of DSGE Models
In this paper I present the historical, theoretical and empirical background of DSGE models. I show that the fundament of these models lies in optimizing agents framework and argue which impulses fueled the development of DSGE models. I demonstrate the evolution of DSGE models with an accent on the...
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| Format: | Article |
| Language: | English |
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Sciendo
2014-06-01
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| Series: | Review of Economic Perspectives |
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| Online Access: | https://doi.org/10.2478/revecp-2014-0008 |