The New York Fed DSGE Model: A Post-Covid Assessment

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

No 1082, Staff Reports from Federal Reserve Bank of New York

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: DSGE models; real-time forecasts; inflation (search for similar items in EconPapers)
JEL-codes: C11 C32 C54 E3 E43 E44 (search for similar items in EconPapers)
Pages: 18
Date: 2024-01-01
New Economics Papers: this item is included in nep-ban, nep-dge and nep-mon
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fednsr:97565

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DOI: 10.59576/sr.1082

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