disparate traditions. I make the case for unity between Post-Keynesian and General Equilibrium Theory under the banner of Post …-Keynesian Dynamic Stochastic General Equilibrium Theory …

Stochastic General Equilibrium (DSGE) models are the leading framework that macroeconomists have for dealing with this challenge … in an open and transparent manner. This paper reviews the state of DSGE models before the financial crisis and how DSGE … modelers responded to the crisis and its aftermath. In addition, we discuss the role of DSGE models in the policy process …

Monetary DSGE models are widely used because they fit the data well and they can be used to address important monetary … policy questions. We provide a selective review of these developments. Policy analysis with DSGE models requires using data …

DSGE models. U.S. output growth and the federal funds rate display nonlinear conditional mean dynamics, while inflation and … nominal wage growth feature conditional heteroskedasticity. We estimate a DSGE model with asymmetric wage/price adjustment …

Markov-switching DSGE (MSDSGE) modeling has become a growing body of literature on economic and policy issues related … system of quadratic polynomial equations. We propose to use the theory of Gröbner bases for solving such a quadratic system …

Recent work has analyzed the forecasting performance of standard dynamic stochastic general equilibrium (DSGE) models …, but little attention has been given to DSGE models that incorporate nonlinearities in exogenous driving processes. Against … that background, we explore whether incorporating stochastic volatility improves DSGE forecasts (point, interval, and …

against an emerging epidemic. While the nonmonotonic pattern of the optimal subsidy persists, new findings emerge. Universal …

with quarantines, testing dramatically reduces the economic costs of the epidemic. This reduction is particularly dramatic …