Arbeitspapier
The Chicago Fed DSGE Model
The Chicago Fed dynamic stochastic general equilibrium (DSGE) model is used for policy analysis and forecasting at the Federal Reserve Bank of Chicago. This article describes its specification and estimation, its dynamic characteristics and how it is used to forecast the US economy. In many respects the model resembles other medium scale New Keynesian frameworks, but there are several features which distinguish it: the monetary policy rule includes forward guidance, productivity is driven by neutral and investment specific technical change, multiple price indices identify in ation and there is a financial accelerator mechanism.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 2012-02
- Classification
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Wirtschaft
- Subject
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New Keynesian model
DSGE
forecasting
policy analysis
- Event
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Geistige Schöpfung
- (who)
-
Brave, Scott A.
Campbell, Jeffrey R.
Fisher, Jonas D. M.
Justiniano, Alejandro
- Event
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Veröffentlichung
- (who)
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Federal Reserve Bank of Chicago
- (where)
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Chicago, IL
- (when)
-
2012
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Brave, Scott A.
- Campbell, Jeffrey R.
- Fisher, Jonas D. M.
- Justiniano, Alejandro
- Federal Reserve Bank of Chicago
Time of origin
- 2012
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