RT Journal Article
T1 Teaching DSGE models to undergraduates
T2 Enseñando modelos DSGE a alumnos de grado
A1 García-Cintado, Alejandro
A1 Costa Junior, Celso José
K1 Dynamic stochastic general equilibrium (DSGE) modeling
K1 Undergraduate macroeconomics
K1 Real Business Cycle model
AB This paper puts forward a systematic approach to teaching simple dynamic stochastic general equilibrium (DSGE) models toundergraduates. It proceeds in the following way: first, the structural model of the economy, which includes the households’ andfirms’ problems, is presented and progressively solved. We then find the steady state and log-linearized equations of the model.Next, a productivity shock is simulated on the computer so as to tell a “story” about how the economy behaves. Finally, the modelis extended by including the government and the foreign sector. We reckon instructors of macroeconomics will find this path usefulin teaching their undergraduate students the basics of DSGE models.
PB ELSEVIER
YR 2018
FD 2018-12-05
LK https://hdl.handle.net/10433/19886
UL https://hdl.handle.net/10433/19886
LA en
NO EconomiA 19 (2018) 424–444
NO Universidad Pablo de Olavide. Departamento de Economía, Métodos Cuantitativos e Historia Económica
NO Universidade Estadual de Ponta Grossa (Brasil). Departamento de Economia
DS RIO
RD May 21, 2026