This paper reviews Bayesian methods that have been developed in recent years to estimate
and evaluate dynamic stochastic general equilibrium (DSGE) models. We consider the …

Over the past 15 years there has been remarkable progress in the specification and
estimation of dynamic stochastic general equilibrium (DSGE) models. Central banks in …

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 overlap** generations (OLG) models …

The last twenty years have witnessed tremendous advances in the mathematical, statistical,
and computational tools available to applied macroeconomists. This rapidly evolving field …

This paper introduces methods to compute impulse responses without specification and
estimation of the underlying multivariate dynamic system. The central idea consists in …

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

The argument that uncertainty about monetary and fiscal policy has been holding back the
recovery in the US during the Great Recession has a large popular appeal. This paper uses …

This paper studies the dynamic behavior of an economy under different environmental
policy regimes in a New Keynesian model with nominal and real uncertainty. We find the …

Welfare-maximizing monetary-and fiscal-policy rules are studied in a model with sticky
prices, money, and distortionary taxation. The Ramsey-optimal policy is used as a point of …