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A workhorse macroeconomic model is a standard DSGE model used for policy analysis.

the verdict
SUPPORTED
the evidence backs this
Recorded sources
5 sources for · 0 against

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Is it true that a workhorse macroeconomic model is a standard DSGE model used for policy analysis?

Yes. Dynamic Stochastic General Equilibrium (DSGE) models are widely recognized in academic and central banking literature as the standard workhorse models used for macroeconomic and policy analysis.

Verdict: SUPPORTED · 5 sources for, 0 against · Last checked

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Judged against reference works: claims of this kind are settled by reference works, not journal abstracts.

Evidence for · 5
Wikipedia: Macroeconomic model
Reference article covering this claim directly
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Wikipedia: Macroeconomic model. (n.d.). Wikipedia. https://en.wikipedia.org/wiki/Macroeconomic_model

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More for · 4
McGraw-Hill/Irwin: Macroeconomics
2013
References policy implications of the DSGE model, though tangential.
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C, C. D. (2013). McGraw-Hill/Irwin: Macroeconomics. McGraw-Hill/Irwin. https://archive.org/details/macroeconomics0000cola_n1p6

OpenAIRE: What drives the business cycle in a small open economy? Evidence from an estimated DSGE Model of the Danish economy
2013
States that estimated DSGE models have become the standard workhorse model for empirically based macroeconomic analysis.
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OpenAIRE: What drives the business cycle in a small open economy? Evidence from an estimated DSGE Model of the Danish economy. (2013). OpenAIRE. https://explore.openaire.eu/

OpenAIRE: Assessing the Empirical Performance of the DSGE models in the lead up to the Crisis
2013
Identifies the Dynamic Stochastic General Equilibrium (DSGE) model as the standard workhorse of macroeconomic modeling used by central banks for policy analysis.
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OpenAIRE: Assessing the Empirical Performance of the DSGE models in the lead up to the Crisis. (2013). OpenAIRE. https://doi.org/10.13025/23020

OpenAIRE: Theoretical and empirical analysis of a macroeconomic model with financial and housing sectors in emerging market economies
2018
States the DSGE model has become the workhorse of macroeconomic analysis in academia, research institutes, and monetary authorities.
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OpenAIRE: Theoretical and empirical analysis of a macroeconomic model with financial and housing sectors in emerging market economies. (2018). OpenAIRE. https://doi.org/10.17863/cam.23481

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first checked05 Aug 2026
judged → SUPPORTED · 7505 Aug 2026
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