dynamic stochastic general equilibrium
From Wiktionary, the free dictionary
Noun
dynamic stochastic general equilibrium (uncountable)
- (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.
Alternative forms
- DSGE (initialism)
Translations
Translations
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