This paper reviews recent advances in the estimation and evaluation of DSGE models, discusses current challenges, and provides avenues for future research.
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Working Paper
Estimation and Evaluation of DSGE Models: Progress and Challenges
January 2011
WP 11-7 - Estimated dynamic stochastic equilibrium (DSGE) models are now widely used for empirical research in macroeconomics as well as for quantitative policy analysis and forecasting at central banks around the world.
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