Cai, Michael; Del Negro, Marco; Giannoni, Marc Paolo; … - 2018
monetary policy generated a policy environment without precedents. We document the real real-time forecasting performance of … pseudo real-time forecasting performance results from a battery of DSGE models. We find the New York Fed DSGE model …’s forecasting accuracy to be comparable to that of private forecasters - and notably better, for output growth, than the median …