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This disclaimer applies to the FRB U.S. Model and the Estimated Dynamic Optimization (EDO) Model (the Models).
While the Board of Governors of the Federal Reserve System (the Board) has verified the accuracy of the Models in connection with the Board's use in the Board's publications, the Models should be used by others only with appropriate caution. The Board is providing the Models, including the numerical data and formulas contained in the Models, solely for the purpose of illustrating the modelling framework for projecting possible outcomes under different scenarios. The Board may periodically publish updates to the Models on its website at www.federalreserve.gov.
As the User, you assume the entire risk related to your use of the Models, including your use of any updates to the Models. The Board is providing the Models "as is" and the Board disclaims any all warranties, express or implied, including without limitation any implied warranties of merchantability or fitness for a particular purposes. In no event will the Board be liable to you or to any third party for any direct, indirect, incidental, consequential, special or exemplary damages or lost profit related to the Models, including, but not limited to, the installation or attempt to install the Models, the use or inability to use the Models, the use of data embodied in or obtained from the Models, or the use of any input data, documentation or other materials accompanying the Models.
Therefore, Users should rely on the User's own inquiries as to the accuracy and relevance of the data incorporated into or applicable to the Models; not use the Models, including the output, as the basis for making any decision or embarking on any course of action; and be aware that the data contained in the Models and the output of the Models should not be regarded as representative of any current data or forecasts of what will happen under a given set of conditions. Users may not use or modify the Models and then present them as official government material.