Christiano, Lawrence J.; Trabandt, Mathias; Walentin, Karl - In: Handbook of monetary economics : volume 3, (pp. 285-367). 2010
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 to assign numerical values to model parameters. The...