The New York Fed DSGE Model Forecast— September 2023

Del Negro, Marco; Gundam, Pranay; Lee, Donggyu; Nallamotu, Ramya; Pacula, Brian

Discussion Paper

The New York Fed DSGE Model Forecast— September 2023

Abstract: This post presents an update of the economic forecasts generated by the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (DSGE) model. We describe very briefly our forecast and its change since June 2023. As usual, we wish to remind our readers that the DSGE model forecast is not an official New York Fed forecast, but only an input to the Research staff’s overall forecasting process. For more information about the model and variables discussed here, see our DSGE model Q & A.

Keywords: Dynamic Stochastic General Equilibrium (DSGE) models; forecasting;

JEL Classification: E5;