ARAUJO, Tanya; TERLICA, Sofia; ELEUTERIO, Samuel; … - In: International Journal of Entrepreneurial Knowledge 2 (2014) 2, pp. 15-24
DSGE are for a time the favorite models in the simulation of monetary policies at the central banks. Two of its basic assumptions are discussed in this paper: (a) the absence of endogenous nonlinearities and the exogenous nature of shocks and (b) the persistence of or the return to equilibrium...