Author:
Del Negro Marco,Dogra Keshav,Gleich Aidan,Gundam Pranay,Lee Donggyu,Nallamotu Ramya,Pacula Brian
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.
Publisher
Federal Reserve Bank of New York
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