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  1. 1 Kozgazdasagi Szemle (Economic Review)

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  1. 1 Szabo-Bakos E.

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  1. 1 2007

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Application of new Keynesian principles in the modelling practice of the Fed, the IMF and the European Central Bank

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Szabo-Bakos E.
Kozgazdasagi Szemle (Economic Review)
|
2007
|
vol. 54
|
issue 5
415-434
EN
The paper summarizes the principles of the Dynamic Stochastic General Equilibrium models, the possible extensions of the basic structure, and their implications for practical use. The author also discusses in detail the model-building strategy of the Federal Reserve System, the International Monetary Fund and the European Central Bank, and presents the model structure, some application of it, and its main implications.
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