Putting the New Keynesian DSGE Model to the Real-Time Forecasting Test

Material TypeArticleLanguageEnglish
TitlePutting the New Keynesian DSGE Model to the Real-Time Forecasting Test Author(S)MARCIN KOLASA (Author)
Abstract  The paper compares the quality of real-time forecasts from a standard medium-scale New Keynesian dynamic stochastic general equilibrium (DSGE) model to those from the Survey of Professional Forecasters (SPF) and DSGE-VARs. It is shown that the DSGE model is relatively successful in forecasting the U.S. economy ...Paginationp1301–1324
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Money, Credit, and Banking  
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