Example: tourism industry
Policy Analysis Using Dsge Models An Introduction
Found 1 free book(s)Policy Analysis Using DSGE Models: An Introduction
www.newyorkfed.org24 Policy Analysis Using DSGE Models: An Introduction outcomes makes the models dynamic and assigns a central role to agents’ expectations in the determination of current macroeconomic outcomes. In addition, the models’ general equilibrium nature captures the interaction between policy actions and agents’ behavior. Furthermore, a more ...