Dynamic stochastic general equilibrium (DSGE) models use modern macroeconomic theory to explain and predict comovements … of aggregate time series over the business cycle and to perform policy analysis. We explain how to use DSGE models for … counterfactual interest rate paths. Finally, we perform a post-mortem of DSGE model forecasts of the Great Recession, and show that …

This paper describes the theoretical structure and estimation results for a DSGE model for the Macedonian economy … including financial frictions in the model. With the exchange rate not acting as a shock absorber, the external shocks are more … negative innovations to the consumption preference shock and to the permanent technology shock. …

Swedish economy before and during the Corona pandemic using a small open economy DSGE model with segmented asset markets. In …

oil and foreign inputs in production. The model is estimated using Bayesian econometric techniques on Belgian, euro area …