动态随机一般均衡（Dynamic Stochastic General Equilibrium, DSGE）模型是宏观经济研究中居于主导地位的模型方法，是过去四十多年以来宏观经济建模领域最重要的进展。与传统的计量经济模型不同，DSGE模型是在一般均衡理论的框架上，考虑经济主体在不确定环境下的 ...

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model encompasses an approximate ...

This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of ...

The term premium on nominal long-term bonds in the standard dynamic stochastic general equilibrium (DSGE) model used in macroeconomics is far too small and stable relative to empirical measures ...

This post presents an update of the economic forecasts generated by the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (DSGE) model. We describe very briefly our forecast ...

I have observed and appreciated Olivier Blanchard’s intellectual journey over the last decade. It began in August 2008, with what must be regarded as one of the worst-timed papers in the history of ...