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The FRBNY DSGE Model

Author:
Marco Del Negro   Stefano Eusepi   Marc Giannoni  


Issue Date:
2013


Abstract(summary):

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.


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