Handbook on DSGE Models: Some Useful Tips in Modeling a DSGE Models

Abstract

Despite there are useful books and text books from recognized authors about modeling macroeconomics through various types of methods and methodologies, “Some Useful tips in Modeling a DSGE models” try to add special features through an economist can use to model macro and micro relations to explain different scenarios in an specific economy.

In this sense, this work begin since basic conceptions of difference equations to build a Dynamic Stochastic General Equilibrium model covering special topics like rule-of-thumb consumers, monetary and fiscal policies, sticky prices, investment and problem of the firms, topics in Dynare and others.

Keywords: Differential equation, dynamic stochastic general equilibrium refinements, policy instruments

JEL Classification: A33, C00, E1