Dynamic Stochastic General Equilibrium (DSGE) Concept
| Authors | |
|---|---|
| Year of publication | 2007 |
| Type | Article in Proceedings |
| Conference | Recenzovaný sborník Mezinárodní Baťovy Dokrorandské Konference |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | Dynamic Stochastic General Equilibrium (DSGE) model; price rigidity; imperfect competition; representative household; open economy model; monetary policy |
| Description | The paper introduces some basic characteristics of Dynamic Stochastic General Equilibrium (DSGE) models. There is an attempt to define a category of the DSGE models. After a brief description of the development (with an emphasized position of the Redux model), the paper offers a short summary of the basic features of the DSGE models connected to general characteristics, rigidities, market structure and competition, representative households, open economy models and monetary policy. |
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