Argentine economists offer alternative to DSGE model on macro and financial interactions
Researchers look for alternative to DSGE models
Researchers from the Central Bank of Argentina have put forward a model that seeks to solve some of the issues with dynamic stochastic general equilibrium (DSGE) models, presenting their results in a working paper published on July 30 by the Bank for International Settlements (BIS).
Economists Horacio Aguirre and Emilio Blanco diverge from the work of many central banks, which have been trying to update their DSGE models since the 2008 crisis. Aguirre and Blanco acknowledge the desperate need
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