Authors: Marco Del Negro, Keshav Dogra, Aidan Gleich, Pranay Gundam, Donggyu Lee, Ramya Nallamotu, and Brian Pacula
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Staff Reports
The New York Fed DSGE Model: A Post-Covid Assessment
Number 1082
January 2024
January 2024
JEL classification: E3, E43, E44, C32, C11, C54
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.
Author Disclosure Statement(s)
Marco Del Negro, Keshav Dogra, Aidan Gleich, Pranay Gundam, Donggyu Lee, Ramya Nallamotu, and Brian Pacula
We declare that we have no relevant or material financial interests that relate to the research described in this paper. We are current or former employees of the Federal Reserve Bank of New York.
We declare that we have no relevant or material financial interests that relate to the research described in this paper. We are current or former employees of the Federal Reserve Bank of New York.
Suggested Citation:
Del Negro, Marco, Keshav Dogra, Aidan Gleich, Pranay Gundam, Donggyu Lee, Ramya Nallamotu, and Brian Pacula. 2024. "The New York Fed DSGE Model: A Post-Covid Assessment.” Federal Reserve Bank of New York Staff Reports, no. 1082, January. https://doi.org/10.59576/sr.1082
Del Negro, Marco, Keshav Dogra, Aidan Gleich, Pranay Gundam, Donggyu Lee, Ramya Nallamotu, and Brian Pacula. 2024. "The New York Fed DSGE Model: A Post-Covid Assessment.” Federal Reserve Bank of New York Staff Reports, no. 1082, January. https://doi.org/10.59576/sr.1082
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