The FRBNY DSGE Model Forecast

Cocci, Matthew; Del Negro, Marco; Eusepi, Stefano; Giannoni, Marc; Shahanaghi, Sara

Discussion Paper

The FRBNY DSGE Model Forecast

Abstract: The U.S. economy has been in a gradual but slow recovery. Will the future be more of the same? This post presents the current forecasts from the Federal Reserve Bank of New York’s (FRBNY) DSGE model, described in our earlier “Bird’s Eye View” post, and discusses the driving forces behind the forecasts. Find the code used for estimating the model and producing all the charts in this blog series here. (We should reiterate that these are not the official New York Fed staff forecasts, but only an input to the overall forecasting process at the Bank.)

Keywords: DSGE; forecasting;

JEL Classification: E2; E5;