Edge, Rochelle M.; Kiley, Michael T.; Laforte, Jean-Philippe - Federal Reserve Board (Board of Governors of the … - 2009
This paper considers the "real-time" forecast performance of the Federal Reserve staff, time-series models, and an estimated dynamic stochastic general equilibrium (DSGE) model--the Federal Reserve Board's new Estimated, Dynamic, Optimization-based (Edo) model. We evaluate forecast performance...