arbiter
JournalsPricingAccount

Recent Developments in DSGE Modelling: Beyond FIRE

Paul Levine et al.

South Asian Journal of Macroeconomics and Public Finance2025https://doi.org/10.1177/22779787251343477article
AJG 1ABDC C
Weight
0.50

What the paper says

This survey focuses on the standard assumption in DSGE models: rational expectations (RE) with perfect information (PI) aka full information (FI)—hence FIRE. RE means model consistent expectations—agents be they households, firms, banks or policymakers know your model. PI (or FI) means agents observe or can infer the current and past state variables in your model. RE + PI (or FIRE) is a strong assumption. The purpose of this survey is to examine the literature that relaxes RE or PI or both. This is relevant for DSGE models in general, but particularly so for the efficacy of monetary policy in a New Keynesian environment when the expectation by agents of future policy is of crucial importance. JEL Classification : C11, C18, C32, E32

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.1177/22779787251343477

Or copy a formatted citation

@article{paul2025,
  title        = {{Recent Developments in DSGE Modelling: Beyond FIRE}},
  author       = {Paul Levine et al.},
  journal      = {South Asian Journal of Macroeconomics and Public Finance},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1177/22779787251343477},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Recent Developments in DSGE Modelling: Beyond FIRE

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.