A few months ago I learned from Noah Smith's blog that the Fed had released one of its models: the FRB/US model. On the linked Fed webpage, they gave an example analysis done with this model that predicted four macroeconomic variables (clockwise from the top left: the unemployment rate, the Fed funds rate -- wait, don't they set this? [1], RGDP growth and PCE inflation):
Share this post
Jason versus the Fed
Share this post
A few months ago I learned from Noah Smith's blog that the Fed had released one of its models: the FRB/US model. On the linked Fed webpage, they gave an example analysis done with this model that predicted four macroeconomic variables (clockwise from the top left: the unemployment rate, the Fed funds rate -- wait, don't they set this? [1], RGDP growth and PCE inflation):