Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?

In this article we present the consequences of introducing the advanced teaching of the DSGE (Dynamic Stochastic General Equilibrium) models to undergraduate economics programs. This monoculture leads to the deepening of the discipline insularity, to the disappearance of the paradigmatic plurality i...

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Main Author: Moreno Rivas, Álvaro
Format: info:eu-repo/semantics/article
Language:spa
Published: UNIVERSIDAD ANTONIO NARIÑO 2019
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Online Access:https://revistas.uan.edu.co/index.php/papeles/article/view/627
https://repositorio.uan.edu.co/handle/123456789/10963
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author Moreno Rivas, Álvaro
author_facet Moreno Rivas, Álvaro
author_sort Moreno Rivas, Álvaro
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description In this article we present the consequences of introducing the advanced teaching of the DSGE (Dynamic Stochastic General Equilibrium) models to undergraduate economics programs. This monoculture leads to the deepening of the discipline insularity, to the disappearance of the paradigmatic plurality inside the economics departments and to the silencing of critical voices. This process obeys Gresham’s Law of ideas: bad models displace good ideas.
format info:eu-repo/semantics/article
id repositorio.uan.edu.co-123456789-10963
institution Repositorio Digital UAN
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publisher UNIVERSIDAD ANTONIO NARIÑO
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spelling repositorio.uan.edu.co-123456789-109632024-10-14T03:45:41Z Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics? Moreno Rivas, Álvaro DSGE models undergraduate macroeconomics economic policy modern macroeconomics In this article we present the consequences of introducing the advanced teaching of the DSGE (Dynamic Stochastic General Equilibrium) models to undergraduate economics programs. This monoculture leads to the deepening of the discipline insularity, to the disappearance of the paradigmatic plurality inside the economics departments and to the silencing of critical voices. This process obeys Gresham’s Law of ideas: bad models displace good ideas. 2019-02-07 2024-10-10T02:35:47Z 2024-10-10T02:35:47Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion http://purl.org/coar/resource_type/c_6501 http://purl.org/coar/version/c_970fb48d4fbd8a85 https://revistas.uan.edu.co/index.php/papeles/article/view/627 10.54104/papeles.v10n19.627 https://repositorio.uan.edu.co/handle/123456789/10963 spa https://revistas.uan.edu.co/index.php/papeles/article/view/627/537 https://creativecommons.org/licenses/by-nc-sa/4.0 http://purl.org/coar/access_right/c_abf2 application/pdf UNIVERSIDAD ANTONIO NARIÑO Papeles; Vol. 10 No. 19 (2018) Papeles; Vol. 10 Núm. 19 (2018) Papeles; v. 10 n. 19 (2018) 2346-0911 0123-0670 10.54104/papeles.v10n19
spellingShingle DSGE models
undergraduate macroeconomics
economic policy
modern macroeconomics
Moreno Rivas, Álvaro
Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
title Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
title_full Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
title_fullStr Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
title_full_unstemmed Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
title_short Should the Dynamic Stochastic General Equilibrium (DSGE) Model be taught to Undergraduate Students of Economics?
title_sort should the dynamic stochastic general equilibrium dsge model be taught to undergraduate students of economics
topic DSGE models
undergraduate macroeconomics
economic policy
modern macroeconomics
url https://revistas.uan.edu.co/index.php/papeles/article/view/627
https://repositorio.uan.edu.co/handle/123456789/10963
work_keys_str_mv AT morenorivasalvaro shouldthedynamicstochasticgeneralequilibriumdsgemodelbetaughttoundergraduatestudentsofeconomics
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