Del Negro, Marco Eusepi, Stefano Giannoni, Marc Sbordone, Argia Tambalotti, Andrea Cocci, Matthew Hasegawa, Raiden Linder, M. Henry
Year of Publication:
Staff Report 647
The goal of this paper is to present the dynamic stochastic general equilibrium (DSGE) model developed and used at the Federal Reserve Bank of New York. The paper describes how the model works, how it is estimated, how it rationalizes past history, including the Great Recession, and how it is used for forecasting and policy analysis.