Why is it important for policymakers (central bankers, the treasury department, the finance ministry etc.) to be able to solve complex dsge/rbc models as quickly and as efficiently as possible?

I am a graduate student studying this stuff in detail for the first time. In general, I don't see the value of solving these heterogeneous agent models. This is mostly because I approach these issues differently than "mainstream" economists.

I am just trying to understand why being able to "solve" models is useful.

  • 4
    $\begingroup$ Don't you see the point of the models, or just the point of solving them fast? $\endgroup$ Mar 13 at 23:20

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