DSGEmodellek
DSGEmodellek, the Hungarian term for Dynamic Stochastic General Equilibrium (DSGE) models, are a class of macroeconomic models used to analyze how economies respond to shocks and policy under uncertainty. They rest on microfoundations, assume rational expectations, and solve for the dynamic interactions of agents in general equilibrium.
A typical model includes households, firms, a government sector, and a monetary authority; markets for goods,
Parameterization is achieved through calibration or estimation. Calibration selects parameter values to match macro moments; estimation,
Uses include evaluating monetary and fiscal policies, testing rule-based strategies (such as interest rate rules), forecasting,
Limitations include strong reliance on representative-agent microfoundations, simplified financial sectors, and potential misspecification of frictions. Results
History: DSGE modeling emerged in the 1980s and 1990s as an extension of real business cycle and