Discussion paper

DP18742 The NY Fed DSGE Model: A Post-Covid Assessment

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.


Del Negro, M, K Dogra, A Gleich, P Gundam, D Lee and R Nallamotu (2024), ‘DP18742 The NY Fed DSGE Model: A Post-Covid Assessment‘, CEPR Discussion Paper No. 18742. CEPR Press, Paris & London. https://cepr.org/publications/dp18742