Discussion Paper

An Assessment of the FRBNY DSGE Model's Real-Time Forecasts, 2010-2013


Abstract: The previous post in this series showed how the Federal Reserve Bank of New York?s DSGE model can be used to provide an interpretation of the Great Recession and the slow recovery. In this post, we look at the role of the model as a forecasting tool and evaluate its forecasting performance since 2010. This analysis will give context for the last post, which will present the model?s current forecast for the U.S. economy.

Keywords: Forecasting; DSGE models;

JEL Classification: E2;E5;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Liberty Street Economics

Publication Date: 2014-09-25

Number: 20140925b