{"title":"关于 DSGE 模型历史的论文","authors":"Genaro Martín Damiani","doi":"arxiv-2409.00812","DOIUrl":null,"url":null,"abstract":"Dynamic Stochastic General Equilibrium (DSGE) models, which are nowadays a\ncrucial element of the set of quantitative tools that policy-makers have, did\nnot emerge spontaneously. They rely on previously established ideas in\nEconomics and relatively recent advancements in Mathematics. I aim to provide a\ncomprehensive coverage of their history, starting from the pioneering\nNeoclassical general equilibrium theories and eventually reaching the New\nNeoclassical Synthesis (NNS). I thoroughly present the mathematical tools\ninvolved in formulating a DSGE model. I claim that this history has a mixed\nnature rather than an absolutist or relativist one, that the NNS may have\nemerged due to the complementary nature of New Classical and New Keynesian\ntheories, and that the recent adoption and development of DSGE models by\ncentral banks from different countries has entailed a departure from the goal\nof building a universally valid theory that Economics has always had. The\nlatter means that DSGE modeling has landed not without loss of generality.","PeriodicalId":501273,"journal":{"name":"arXiv - ECON - General Economics","volume":"39 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"An essay on the history of DSGE models\",\"authors\":\"Genaro Martín Damiani\",\"doi\":\"arxiv-2409.00812\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Dynamic Stochastic General Equilibrium (DSGE) models, which are nowadays a\\ncrucial element of the set of quantitative tools that policy-makers have, did\\nnot emerge spontaneously. They rely on previously established ideas in\\nEconomics and relatively recent advancements in Mathematics. I aim to provide a\\ncomprehensive coverage of their history, starting from the pioneering\\nNeoclassical general equilibrium theories and eventually reaching the New\\nNeoclassical Synthesis (NNS). I thoroughly present the mathematical tools\\ninvolved in formulating a DSGE model. I claim that this history has a mixed\\nnature rather than an absolutist or relativist one, that the NNS may have\\nemerged due to the complementary nature of New Classical and New Keynesian\\ntheories, and that the recent adoption and development of DSGE models by\\ncentral banks from different countries has entailed a departure from the goal\\nof building a universally valid theory that Economics has always had. The\\nlatter means that DSGE modeling has landed not without loss of generality.\",\"PeriodicalId\":501273,\"journal\":{\"name\":\"arXiv - ECON - General Economics\",\"volume\":\"39 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2024-09-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"arXiv - ECON - General Economics\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/arxiv-2409.00812\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"arXiv - ECON - General Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/arxiv-2409.00812","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Dynamic Stochastic General Equilibrium (DSGE) models, which are nowadays a
crucial element of the set of quantitative tools that policy-makers have, did
not emerge spontaneously. They rely on previously established ideas in
Economics and relatively recent advancements in Mathematics. I aim to provide a
comprehensive coverage of their history, starting from the pioneering
Neoclassical general equilibrium theories and eventually reaching the New
Neoclassical Synthesis (NNS). I thoroughly present the mathematical tools
involved in formulating a DSGE model. I claim that this history has a mixed
nature rather than an absolutist or relativist one, that the NNS may have
emerged due to the complementary nature of New Classical and New Keynesian
theories, and that the recent adoption and development of DSGE models by
central banks from different countries has entailed a departure from the goal
of building a universally valid theory that Economics has always had. The
latter means that DSGE modeling has landed not without loss of generality.