¿Tienen Futuro Los Modelos DSGE? (Do DSGE Models Have a Future?)

Revista de Economía Institucional Vol. 18, 35 segundo semestre de 2016

8 Pages Posted: 2 Dec 2016

See all articles by Olivier J. Blanchard

Olivier J. Blanchard

National Bureau of Economic Research (NBER); Peter G. Peterson Institute for International Economics

Date Written: December 1, 2016

Abstract

Spanish Abstract: Los modelos dsge actuales tienen graves defectos, pero son sumamente mejorables y centrales para el futuro de la macroeconomía. Para mejorarlos debe volverse menos insulares, utilizado un conjunto mucho más amplio de investigaciones económicas. También deben volverse menos imperialistas y compartir el escenario con otros enfoques de la modelación.

English Abstract: The current dsge models as seriously flawed, but they are eminently improvable and central to the future of macroeconomics. To improve they have to become less insular, by drawing on a much broader body of economic research. They also have to become less imperialistic and share the scene with other approaches to modelization).

Note: Downloadable document is available in Spanish.

Keywords: modelos dsge, macroeconomía, modelos dinámicos y estocásticos, equilibrio general (dsge models, macroeconomics, dynamic stochastic models, general equilibrium)

JEL Classification: E60, E50, E12, E13

Suggested Citation

Blanchard, Olivier J., ¿Tienen Futuro Los Modelos DSGE? (Do DSGE Models Have a Future?) (December 1, 2016). Revista de Economía Institucional Vol. 18, 35 segundo semestre de 2016. Available at SSRN: https://ssrn.com/abstract=2878893

Olivier J. Blanchard (Contact Author)

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Peter G. Peterson Institute for International Economics ( email )

1750 Massachusetts Avenue, NW
Washington, DC 20036
United States

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