Search Results

Showing results 1 to 3 of approximately 3.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Smith, Micah 

Discussion Paper
The FRBNY DSGE Model Meets Julia

We have implemented the FRBNY DSGE model in a free and open-source language called Julia. The code is posted here on GitHub, a public repository hosting service. This effort is the result of a collaboration between New York Fed staff and folks from the QuantEcon project, whose aim is to coordinate development of high performance open-source code for quantitative economic modeling.
Liberty Street Economics , Paper 20151203

Discussion Paper
The Macro Effects of the Recent Swing in Financial Conditions

Credit conditions tightened considerably in the second half of 2015 and U.S. growth slowed. We estimate the extent to which tighter credit conditions last year were responsible for the slowdown using the FRBNY DSGE model. We find that growth would have slowed substantially more had the Federal Reserve not delayed liftoff in the federal funds rate.
Liberty Street Economics , Paper 20160525

Discussion Paper
Why Are Interest Rates So Low?

In a recent series of blog posts, the former Chairman of the Federal Reserve System, Ben Bernanke, has asked the question: 'Why are interest rates so low?' (See part 1, part 2, and part 3.) He refers, of course, to the fact that the U.S. government is able to borrow at an annualized rate of around 2 percent for ten years, or around 3 percent for thirty years. If you expect that inflation is going to be on average 2 percent over the next ten or thirty years, this implies that the U.S. government can borrow at real rates of interest between 0 and 1 percent at the ten- and thirty-year ...
Liberty Street Economics , Paper 20150520

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

Del Negro, Marco 3 items

Giannoni, Marc 3 items

Cocci, Matthew 1 items

Li, Pearl 1 items

Moszkowski, Erica 1 items

show more (2)

FILTER BY Jel Classification

E2 2 items

E2;E5;G1 1 items

E5 1 items

G1 1 items

FILTER BY Keywords

DSGE 2 items

Financial Conditions 1 items

Julia 1 items

Monetary Policy 1 items

Spreads 1 items

high performance code 1 items

show more (3)

PREVIOUS / NEXT