  In Floquet engineering, periodic driving is used to realize novel phases of
matter which are inaccessible in thermal equilibrium. For this purpose, the
Floquet theory provides us a recipe of obtaining a static effective
Hamiltonian. Although many existing works have treated closed systems, it is
important to consider the effect of dissipation, which is ubiquitous in nature.
Understanding interplay of periodic driving and dissipation is not only a
fundamental problem of nonequilibrium statistical physics, but also receiving
growing interest because of the fact that experimental advances have allowed us
to engineer dissipation in a controllable manner. In this review, we give a
detailed exposition on the formalism of quantum master equations for open
Floquet systems and highlight recent works investigating whether equilibrium
statistical mechanics applies to Floquet states.
