The NY Fed DSGE Model: A Post-Covid Assessment

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

No 18742, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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.

Keywords: Inflation (search for similar items in EconPapers)
JEL-codes: C11 C32 C54 E3 E43 E44 (search for similar items in EconPapers)
Date: 2024-01
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