Elbourne, Adam; Lanser, Debby; Smid, Bert; Vromans, Martin - Centraal Planbureau (CPB), Government of the Netherlands - 2008
We use the dynamic stochastic general equilibrium (DSGE) model of Altig et al. (2005) to analyse the resilience of an economy in the face of external shocks. The term resilience refers to the ability of an economy to prosper in the face of shocks.
The Altig et al. model was chosen because it...