Kremer, Jana; Lombardo, Giovanni; Thadden, Leopold von; … - In: CESifo economic studies : CESifo, a joint initiative of … 52 (2006) 4, pp. 640-665
This article discusses the evolution of dynamic macroeconomic models from calibrated Real Business Cycle models to estimated dynamic stochastic general equilibrium models. The purpose is to suggest the usefulness of these models as a tool for policy analysis, with a particular emphasis on...
