Abstract

BLANCHARD, Olivier. Do DSGE models have a future?. Rev.econ.inst. [online]. 2016, vol.18, n.35, pp.39-46. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v18n35.03.

The current DSGE models as seriously flawed, but they are eminently improvable and central to the future of macroeconomics. To improve they have to become less insular, by drawing on a much broader body of economic research. They also have to become less imperialistic and share the scene with other approaches to modelization.

Keywords : DSGE models; macroeconomics; dynamic stochastic models; general equilibrium.

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