| Περίληψη: | In this paper I examined the use of DSGE models in economic analysis and research. First of
all, I presented two models of DSGE models, and I showed their characteristics in some
sectors. Also, I showed the consequences to real GDP and business cycle due to Great
Recession. Moreover, I showed the features of calibration and then I presented an example
of calibration with Greek data. Furthermore, I checked the relationship of DSGE models with
VAR models and I examined the impulse of DSGE models in Euro area and in monetary policy
committee. Lastly, I outlined the basic disadvantages of DSGE models and the possible
solutions in order to make them better.
|
|---|
