DSGE Model used in this new normative macroeconomic researcha are usually estimated/calibrated dynamic, stochastic,general-equilibrium models. They emphasize good microeconomic foundations and draw ideas from schools of thought called the "new classical macroeconomics," the "new Keynesian macroeconomics," the "real-businesscycle school," and "new neoclassical synthesis," "new Wicksellian macroeconomics," and "new open-economy macroeconomics"; hence, the word "new" in the term is not so new!
Taylor(2001) AER