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Giskard
Giskard
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I'm beginner in DSGE models. It isAre they only based on simulations and approximations? We don'tDon't we have any real data-setsets (for example interest rate, labor force, etc) to estimate the equations? I opened some .Mod files and I can only see equations, variable names and other functions. If yes, why do we have this structure in DSGE models and why we can't we use real data-sets in these models?

I'm beginner in DSGE models. It is only based on simulations and approximations? We don't have any real data-set (for example interest rate, labor force, etc) to estimate the equations? I opened some .Mod files and I can only see equations, variable names and other functions. If yes, why we have this structure in DSGE models and why we can't use data-sets in these models?

I'm beginner in DSGE models. Are they only based on simulations and approximations? Don't we have any real data-sets (for example interest rate, labor force, etc) to estimate the equations? I opened some .Mod files and I can only see equations, variable names and other functions. If yes, why do we have this structure in DSGE models and why can't we use real data-sets in these models?

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user2991243
user2991243
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DSGE models (Dynare) are only based on simulations and approximations? (without data)

I'm beginner in DSGE models. It is only based on simulations and approximations? We don't have any real data-set (for example interest rate, labor force, etc) to estimate the equations? I opened some .Mod files and I can only see equations, variable names and other functions. If yes, why we have this structure in DSGE models and why we can't use data-sets in these models?