The New York Fed DSGE model: A post-Covid assessment

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.

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Year of publication:	2024
Authors:	Del Negro, Marco ; Dogra, Keshav ; Gleich, Aidan ; Gundam, Pranay ; Lee, Donggyu ; Nallamotu, Ramya ; Pacula, Brian
Publisher:	New York, NY : Federal Reserve Bank of New York
Subject:	DSGE models \| real-time forecasts \| inflation

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Series:	Staff Reports ; 1082
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.59576/sr.1082 [DOI] 1878188887 [GVK] hdl:10419/284042 [Handle]
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; E43 - Determination of Interest Rates; Term Structure Interest Rates ; E44 - Financial Markets and the Macroeconomy ; C32 - Time-Series Models ; C11 - Bayesian Analysis ; c54
Source:	EconStor

Persistent link: https://www.econbiz.de/10014480389