This comment points out mismeasurement of three of the variables in the DSGE model in Del Negro, Giannoni, and …

It has been argued that existing DSGE models cannot properly account for the evolution of key macroeconomic variables … standard DSGE model available prior to the recent crisis and estimated with data up to the third quarter of 2008 to explain the … Recession ; fundamental inflation ; DSGE models ; Bayesian estimation …