Papers Documenting and Using EDO
"Output gaps", Michael T. Kiley, Journal of Macroeconomics, Elsevier, vol. 37(C), pages 1-18 (2013).
- "Documentation of the Estimated, Dynamic, Optimization-based (EDO) Model of the U.S. Economy", Hess Chung, Michael T. Kiley, and Jean-Philippe Laforte, Finance and Economics Discussion Series 2010-29. Board of Governors of the Federal Reserve System.
- "Monetary Policy and the Global Housing Bubble", Jane Dokko, Brian M. Doyle, Michael T. Kiley, Jinill Kim, Shane Sherlund, Jae Sim, and Skander J. Van den Heuvel Economic Policy, vol. 26, no. 66, pp. 233-283 (2011).
- "A Comparison of Forecast Performance Between Federal Reserve Staff Forecasts, Simple Reduced-Form Models, and a DSGE Model", Rochelle M. Edge, Michael T. Kiley, and Jean-Philippe Laforte, Journal of Applied Econometrics, vol. 25, no. 4, pp. 720-754.
- "Natural Rate Measures in an Estimated DSGE Model of the U.S. Economy", Rochelle M. Edge, Michael T. Kiley, and Jean-Philippe Laforte, Journal of Economic Dynamics and Control, vol. 32, no. 8, pp. 2512-2535.
NOTE: The programs for simulating the EDO model are written for use with the Dynare software package. The Dynare package can be downloaded without cost at www.dynare.org. While Dynare itself is free, it requires the installation of either Matlab or Octave. Matlab is a commercial product available at www.mathworks.com.
Octave is free-ware, and is available at www.gnu.org/software/octave.