X-Nico

DGE

Dynamic stochastic general equilibrium, a branch of applied general equilibrium theory in contemporary macroeconomics

Dynamic stochastic general equilibrium

Willem Buiter of the London School of Economics has argued that DSGE models rely excessively on an assumption of complete markets, and are unable to describe the highly nonlinear dynamics of economic fluctuations, making training in 'state-of-the-art' macroeconomic modeling "a privately and socially costly waste of time and resources".

Michael Kumhof

In his work at the IMF, he is responsible for developing the International Monetary Fund’s Global Integrated Monetary and Fiscal Model (a Dynamic stochastic general equilibrium model).

see also