Macroeconomic models are an essential part of a monetary policymaker’s toolkit. In this column, taken from a VoxEU ebook, the author gives his personal assessment of the usefulness of DSGE models currently in use at the Federal Reserve and identifies three key issues that the next generation of DSGE models will need to address to be more relevant for policymakers.
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Casey, Crane, Gensler, Johnson, Narula, 16 July 2018
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14 August - 1 September 2018 / / World Trade Organization
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