{"id":"https://openalex.org/W4366807439","doi":"https://doi.org/10.21799/frbp.wp.2011.07","title":"Estimation and Evaluation of DSGE Models: Progress and Challenges","display_name":"Estimation and Evaluation of DSGE Models: Progress and Challenges","publication_year":2011,"publication_date":"2011-01-01","ids":{"openalex":"https://openalex.org/W4366807439","doi":"https://doi.org/10.21799/frbp.wp.2011.07"},"language":"en","primary_location":{"id":"doi:10.21799/frbp.wp.2011.07","doi":"https://doi.org/10.21799/frbp.wp.2011.07","is_oa":true,"landing_page_url":"https://doi.org/10.21799/frbp.wp.2011.07","pdf_url":"https://doi.org/10.21799/frbp.wp.2011.07","source":{"id":"https://openalex.org/S4210230366","display_name":"Working paper","issn_l":"2574-0997","issn":["2574-0997","2574-1004"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310316502","host_organization_name":"Federal Reserve Bank of Philadelphia","host_organization_lineage":["https://openalex.org/P4310316502"],"host_organization_lineage_names":["Federal Reserve Bank of Philadelphia"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Working paper (Federal Reserve Bank of Philadelphia)","raw_type":"report"},"volume":null,"type":"report","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://doi.org/10.21799/frbp.wp.2011.07","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5028461018","display_name":"Frank Schorfheide","orcid":"https://orcid.org/0000-0002-4256-634X","observed_orcids":["https://orcid.org/0000-0002-4256-634X"]},"institutions":[{"id":"https://openalex.org/I1279858714","display_name":"Center for Economic and Policy Research","ror":"https://ror.org/01vqjmx11","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1279858714"]},{"id":"https://openalex.org/I57502794","display_name":"Federal Reserve Bank of Philadelphia","ror":"https://ror.org/02gsb6172","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608","https://openalex.org/I57502794"]},{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Frank Schorfheide","raw_affiliation_strings":["Department of Economics, 3718 Locust Walk, University of Pennsyl-vania, Philadelphia, PA 19104","Federal Reserve Bank of Philadelphia","University of Pennsylvania, CEPR, NBER, and","University of Pennsylvania, CEPR, NBER, and Visiting Scholar,","Visiting Scholar, Federal Reserve Bank of Philadelphia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, 3718 Locust Walk, University of Pennsyl-vania, Philadelphia, PA 19104","institution_ids":["https://openalex.org/I79576946"]},{"raw_affiliation_string":"Federal Reserve Bank of Philadelphia","institution_ids":["https://openalex.org/I57502794"]},{"raw_affiliation_string":"University of Pennsylvania, CEPR, NBER, and","institution_ids":["https://openalex.org/I1279858714","https://openalex.org/I79576946"]},{"raw_affiliation_string":"University of Pennsylvania, CEPR, NBER, and Visiting Scholar,","institution_ids":["https://openalex.org/I1279858714","https://openalex.org/I79576946"]},{"raw_affiliation_string":"Visiting Scholar, Federal Reserve Bank of Philadelphia","institution_ids":["https://openalex.org/I57502794"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5028461018"],"corresponding_institution_ids":["https://openalex.org/I1279858714","https://openalex.org/I57502794","https://openalex.org/I79576946"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":29,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9394999742507935,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9394999742507935,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.051100000739097595,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.000699999975040555,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/dsge-model","display_name":"DSGE model","score":0.9089999794960022},{"id":"https://openalex.org/keywords/dsge-model-estimation","display_name":"DSGE model estimation","score":0.9330000281333923},{"id":"https://openalex.org/keywords/model-evaluation","display_name":"model evaluation","score":0.902999997138977},{"id":"https://openalex.org/keywords/macroeconomic-forecasting","display_name":"macroeconomic forecasting","score":0.7770000100135803},{"id":"https://openalex.org/keywords/quantitative-policy-analysis","display_name":"quantitative policy analysis","score":0.8930000066757202},{"id":"https://openalex.org/keywords/central-bank","display_name":"central bank","score":0.5580000281333923}],"concepts":[{"id":"https://openalex.org/C489367","wikidata":"https://www.wikidata.org/wiki/Q1962064","display_name":"Dynamic stochastic general equilibrium","level":3,"score":0.9449556469917297},{"id":"https://openalex.org/C96250715","wikidata":"https://www.wikidata.org/wiki/Q965330","display_name":"Estimation","level":2,"score":0.5567448735237122},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5540911555290222},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3978956937789917},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.388405978679657},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.21154659986495972},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.0992920994758606},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.21799/frbp.wp.2011.07","doi":"https://doi.org/10.21799/frbp.wp.2011.07","is_oa":true,"landing_page_url":"https://doi.org/10.21799/frbp.wp.2011.07","pdf_url":"https://doi.org/10.21799/frbp.wp.2011.07","source":{"id":"https://openalex.org/S4210230366","display_name":"Working paper","issn_l":"2574-0997","issn":["2574-0997","2574-1004"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310316502","host_organization_name":"Federal Reserve Bank of Philadelphia","host_organization_lineage":["https://openalex.org/P4310316502"],"host_organization_lineage_names":["Federal Reserve Bank of Philadelphia"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Working paper (Federal Reserve Bank of Philadelphia)","raw_type":"report"}],"best_oa_location":{"id":"doi:10.21799/frbp.wp.2011.07","doi":"https://doi.org/10.21799/frbp.wp.2011.07","is_oa":true,"landing_page_url":"https://doi.org/10.21799/frbp.wp.2011.07","pdf_url":"https://doi.org/10.21799/frbp.wp.2011.07","source":{"id":"https://openalex.org/S4210230366","display_name":"Working paper","issn_l":"2574-0997","issn":["2574-0997","2574-1004"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310316502","host_organization_name":"Federal Reserve Bank of Philadelphia","host_organization_lineage":["https://openalex.org/P4310316502"],"host_organization_lineage_names":["Federal Reserve Bank of Philadelphia"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Working paper (Federal Reserve Bank of Philadelphia)","raw_type":"report"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.5299999713897705,"id":"https://metadata.un.org/sdg/13","display_name":"Climate action"}],"study_designs":[],"awards":[{"id":"https://openalex.org/G2375503095","display_name":"Generalized Bayesian Estimation, Forecasting, and Policy Analysis in  Dynamic Stochastic General Equilibrium Macroeconomic Models","funder_award_id":"0617803","funder_id":"https://openalex.org/F4320306076","funder_display_name":"National Science Foundation"}],"funders":[{"id":"https://openalex.org/F4320306076","display_name":"National Science Foundation","ror":"https://ror.org/021nxhr62"},{"id":"https://openalex.org/F4320309370","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4366807439.pdf","grobid_xml":"https://content.openalex.org/works/W4366807439.grobid-xml"},"referenced_works_count":47,"referenced_works":["https://openalex.org/W1558252355","https://openalex.org/W1579852351","https://openalex.org/W1581334734","https://openalex.org/W1589948538","https://openalex.org/W1592377869","https://openalex.org/W1618008814","https://openalex.org/W1764080821","https://openalex.org/W1987476768","https://openalex.org/W1992365695","https://openalex.org/W1995278743","https://openalex.org/W2003759958","https://openalex.org/W2022780883","https://openalex.org/W2041354093","https://openalex.org/W2058172443","https://openalex.org/W2063895718","https://openalex.org/W2068526608","https://openalex.org/W2085241520","https://openalex.org/W2086967887","https://openalex.org/W2088197797","https://openalex.org/W2102385117","https://openalex.org/W2105268279","https://openalex.org/W2109336579","https://openalex.org/W2111656590","https://openalex.org/W2116434012","https://openalex.org/W2126038155","https://openalex.org/W2126469786","https://openalex.org/W2137824508","https://openalex.org/W2150633207","https://openalex.org/W2164702500","https://openalex.org/W2165229815","https://openalex.org/W2166496721","https://openalex.org/W2170431464","https://openalex.org/W2184125768","https://openalex.org/W2889712270","https://openalex.org/W3121675720","https://openalex.org/W3121970362","https://openalex.org/W3121983096","https://openalex.org/W3123157683","https://openalex.org/W3123670766","https://openalex.org/W3124765495","https://openalex.org/W3125823678","https://openalex.org/W3150062750","https://openalex.org/W4247765758","https://openalex.org/W4297990636","https://openalex.org/W4319589685","https://openalex.org/W6672559620","https://openalex.org/W7025027690"],"related_works":["https://openalex.org/W7097486709","https://openalex.org/W7047151024","https://openalex.org/W3135309146","https://openalex.org/W1565754489","https://openalex.org/W2290895787","https://openalex.org/W7099079667","https://openalex.org/W7100996828","https://openalex.org/W2324546327","https://openalex.org/W6990532592","https://openalex.org/W2518600060"],"abstract_inverted_index":{"Estimated":[0],"dynamic":[1],"stochastic":[2],"equilibrium":[3],"(DSGE)":[4],"models":[5],"are":[6],"now":[7],"widely":[8],"used":[9],"for":[10,18,48],"empirical":[11],"research":[12],"in":[13,34],"macroeconomics":[14],"as":[15,17],"well":[16],"quantitative":[19],"policy":[20],"analysis":[21],"and":[22,37,45],"forecasting":[23],"at":[24],"central":[25],"banks":[26],"around":[27],"the":[28,35],"world.This":[29],"paper":[30],"reviews":[31],"recent":[32],"advances":[33],"estimation":[36],"evaluation":[38],"of":[39],"DSGE":[40],"models,":[41],"discusses":[42],"current":[43],"challenges,":[44],"provides":[46],"avenues":[47],"future":[49],"research.":[50]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2022,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":5}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2023-04-25T00:00:00"}