257 posts on "Macroeconomics"
September 26, 2014
The FRBNY DSGE Model Forecast
The U.S. economy has been in a gradual but slow recovery. Will the future be more of the same?
Posted at 10:00 am in DSGE, Fed Funds, Forecasting, Macroeconomics, Monetary Policy | Permalink | Comments (3)
September 25, 2014
Connecting “the Dots”: Disagreement in the Federal Open Market Committee
People disagree, and so do the members of the Federal Open Market Committee (FOMC).
An Assessment of the FRBNY DSGE Model’s Real‑Time Forecasts, 2010‑13
The previous post in this series showed how the Federal Reserve Bank of New York’s DSGE model can be used to provide an interpretation of the Great Recession and the slow recovery.
September 24, 2014
Developing a Narrative: The Great Recession and Its Aftermath
The severe recession experienced by the U.S. economy between December 2007 and June 2009 has given way to a disappointing recovery.
Posted at 7:00 am in DSGE, Forecasting, Macroeconomics, Monetary Policy, Recession | Permalink | Comments (5)
September 23, 2014
A Bird’s Eye View of the FRBNY DSGE Model
Dynamic stochastic general equilibrium (DSGE) models provide a stylized representation of reality. As such, they do not attempt to model all the myriad relationships that characterize economies, focusing instead on the key interactions among critical economic actors.
September 22, 2014
Forecasting with the FRBNY DSGE Model
The term DSGE, which stands for dynamic stochastic general equilibrium, encompasses a very broad class of macro models, from the standard real business cycle (RBC) model of Nobel prizewinners Kydland and Prescott to New Keynesian monetary models like the one of Christiano, Eichenbaum, and Evans.
August 20, 2014
The Declining U.S. Reliance on Foreign Investors
The United States has been borrowing from the rest of the world since the mid-1980s.
August 13, 2014
Why Didn’t Inflation Collapse in the Great Recession?
GDP contracted 4 percent from 2008:Q2 to 2009:Q2, and the unemployment rate peaked at 10 percent in October 2010.
Posted at 7:00 am in DSGE, Fiscal Policy, Macroeconomics, Monetary Policy, Recession, Unemployment | Permalink | Comments (4)
August 11, 2014
Inflation in the Great Recession and New Keynesian Models
Since the financial crisis of 2007-08 and the Great Recession, many commentators have been baffled by the “missing deflation” in the face of a large and persistent amount of slack in the economy.
Posted at 7:00 am in DSGE, Financial Markets, Macroeconomics, Monetary Policy, Unemployment | Permalink | Comments (1)
August 6, 2014
The Slow Recovery in Consumer Spending
One contributor to the subdued pace of economic growth in this expansion has been consumer spending.
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