Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284042 
Year of Publication: 
2024
Series/Report no.: 
Staff Report No. 1082
Publisher: 
Federal Reserve Bank of New York, New York, NY
Abstract: 
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.
Subjects: 
DSGE models
real-time forecasts
inflation
JEL: 
E3
E43
E44
C32
C11
C54
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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