Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, Rotary Club of Wilmington, Wilmington, Delaware, March 29, 2012

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia CFA Society of Philadelphia/The Bond Club of Philadelphia, September 25, 2012

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, CFA Society of San Diego, May 1, 2012

Presented by Charles I. Plosser, President and Chief Executive Officer, 2012 Southern Chester County Chamber of Commerce Fall Luncheon, October 11, 2012

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, University of California, Santa Barbara Economic Forecast Project 2012, May 3, 2012

Presented at the 2012 Economic Forecast Breakfast and Annual Meeting of the Main Line Chamber of Commerce and the Main Line Chamber Foundation, Gladwyne, PA, February 1, 2012

Presented at the Economic Forecast, The University of Delaware Center for Economic Education and Entrepreneurship, Newark, Delaware, February 14, 2012

Economic Prospects and Monetary Policy for the New Year> 33rd Annual Economic Seminar, January 11, 2012, Rochester, New York

News - or foresight - about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial challenges to econometric efforts to recover the structural shocks to which economic agents react. Using tax policies as a leading...

Dynamic stochastic general equilibrium (DSGE) models use modern macroeconomic theory to explain and predict comovements of aggregate time series over the business cycle and to perform policy analysis. We explain how to use DSGE models for all three purposes—forecasting, story telling, and...