Some research I’ve done for the history of macroeconometric modeling conference that will be held in Utrecht next week led me to wonder who coined and disseminated the term “Dynamic Stochastic General Equilibrium.” Not the class of models, whose development since Lucas and Prescott’s 1971 paper has been the topic of tons of surveys. Fellow historian Pedro Duarte has a historical meta-survey of the flow of literature in which macroeconomists have commented on the state of macro and shaped the idea of a consensus during the 1990s and 2000s. Neither am I hunting for the many competing words used to designate the cluster of models born from the foundational papers by Robert Lucas or Finn Kydland and Ed Prescott, from Real Business Cycle to Dynamic General Equilibrium to stochastic models. What I want to get at is how the exact DSGE wording stabilized. Here is the result…
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Utopia, you are standing in it! 
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