Work

Documentation of the Estimated, Dynamic, Optimization- Based (EDO) Model of the U.S. Economy

Year: 2010

Type: article

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.

Source: Finance and Economics Discussion Series

DOI: 10.17016/feds.2010.29

Authors: Hess Chung, Michael T. Kiley, Jean-Philippe Laforte

Institutions: Federal Reserve, Federal Reserve Board of Governors

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W2965589955

FWCI: 4.306

Cites: 11

Cited by: 18

Related to: 10