dynamic stochastic general equilibrium
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(economics) The proposal that macroeconomic analysis be concerned with the theoretical consequences of optimizing behaviour by rational consumers, firms, and labourers, rather than with observable phenomena such as booms or slumps.
dynamic stochastic general equilibrium
To evaluate the long-term impact of policy changes, the central bank commissioned a dynamic stochastic general equilibrium model that incorporates optimizing behaviour by rational consumers, firms, and workers.
To evaluate the long-term impact of policy changes, the central bank commissioned a dynamic stochastic general equilibrium model that incorporates optimizing behaviour by rational consumers, firms, and workers.
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