Open Library logo
New Feature: You can now embed Open Library books on your website!   Learn More
Last edited by WorkBot
January 29, 2010 | History

DSGE models and central banks 1 edition

DSGE models and central banks
Camilo Ernesto Tovar Mora

No ebook available.


Buy this book

Add an ISBN in order to
link to booksellers


There's no description for this book yet. Can you add one?
There is only 1 edition record, so we'll show it here...  •  Add edition?

DSGE models and central banks
by Camilo E. Tovar.

Published 2008 by Bank for International Settlements in Basel, Switzerland .
Written in English.

About the Book

Over the past 15 years there has been remarkable progress in the specification and estimation of dynamic stochastic general equilibrium (DSGE) models. Central banks in developed and emerging market economies have become increasingly interested in their usefulness for policy analysis and forecasting. This paper reviews some issues and challenges surrounding the use of these models at central banks. It recognises that they offer coherent frameworks for structuring policy discussions. Nonetheless, they are not ready to accomplish all that is being asked of them. First, they still need to incorporate relevant transmission mechanisms or sectors of the economy; second, issues remain on how to empirically validate them; and finally, challenges remain on how to effectively communicate their features and implications to policy makers and to the public. Overall, at their current stage DSGE models have important limitations. How much of a problem this is will depend on their specific use at central banks.

Edition Notes

Title from PDF file (viewed on Oct. 10, 2008).

"September 2008."

"Monetary and Economic Department."

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Series
BIS working papers -- no. 258

Classifications

Library of Congress
HG3879

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL22649197M
LC Control Number
2008613042

History

Download catalog record: RDF / JSON
January 29, 2010 Edited by WorkBot add more information to works
December 11, 2009 Created by WorkBot add works page