Abstract:This paper studies exogenous shocks impact on enterprise survival in a DSGE model. The calibration results of the model indicate that money preference shock has a small influence on firm survival, but it has long-run fluctuation. And technology shock has a long-run positive impact on the enterprise survival. The paper gets following results: First, money preference fluctuation has steady utility to firm survival; second, because technology fluctuation has positive impact on firm survival, we should encourage firms to innovation to enhance enterprise survival capacity.