The NY Fed DSGE Model: A Post-COVID Assessment

Marco Del Negro, Keshav Dogra, Aidan Gleich, Pranay Gundam, Donggyu Lee, Ramya Nallamotu and Brian Pacula

AEA Papers and Proceedings, 2024, vol. 114, 95-100

Abstract: We document the real-time forecasting performance for output and inflation of the New York Fed dynamic stochastic general equilibrium (DSGE) model since 2011. We find the DSGE's accuracy to be comparable to that of private forecasters before COVID but somewhat worse thereafter.

JEL-codes: E12 E23 E27 E31 E37 E58 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1257/pandp.20241053

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