DSGE Models and Policy Making: A Critical Review
Journal
經濟論文叢刊
Journal Volume
40
Journal Issue
3
Pages
289-323
Date Issued
2012-09
Date
2012-09
Author(s)
湯茹茵
Abstract
This paper provides a critical review of dynamic stochastic general equilibrium (DSGE) models and policy making. After a brief discussion on historical developments in DSGE models, we focus on criticism of using DSGE models for monetary policy making. We also discuss how to improve DSGE modeling from the perspective of policy analysis.
Subjects
動態隨機一般均衡 (DSGE) 模型(DGSE model), 貨幣政策(monetary policy), 中央銀行(central bank)
Type
journal article
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