Edge, Rochelle M.; Kiley, Michael T.; Laforte, Jean-Philippe - College of Business and Economics, Australian National … - 2008
This paper considers the “real-time” forecast performance of the Federal Reserve staff, time-series models, and an estimated dynamic stochastic general equilibrium (DSGE) model – the Federal Reserve Board’s new Estimated, Dynamic, Optimization-based (Edo) model. We evaluate forecast...