Finance and Economics Discussion Series (FEDS)
May 2010
Documentation of the Estimated, Dynamic, Optimization-based (EDO) Model of the U.S. Economy: 2010 Version
Hess T. Chung, Michael T. Kiley, and Jean-Philippe Laforte
Abstract:
This paper provides documentation for a large-scale estimated DSGE model of the U.S. economy--the Federal Reserve Board's Estimated, Dynamic, Optimization-based (FRB/EDO) model project. The model can be used to address a wide range of practical policy questions on a routine basis. The paper discusses the model's specification, estimated parameters, and key properties.
Full paper (Screen Reader Version)Keywords: DSGE model, policy model
PDF: Full Paper
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