Sacha D. Gelfer
FRBNY DSGE-DFM Real-Time Forecast
Last Updated: November 3, 2017
Aggregate Output & GDP Components
Real GDP
Real GDI
IP:Total
Real Consumption
Real Investment
Real Exports
This website presents the latest update of the economic forecasts generated by the Federal Reserve Bank of New York’s (FRBNY) dynamic stochastic general equilibrium (DSGE) model estimated in a data rich environment. For more information about the model and data sets forecasted here, see my DSGE-DFM paper.
The tables below show the model's median forecasts for numerous macroeconomic variables including variables not directly incorporated in the FRBNY DSGE model. The charts below graph the projected time path for various macroeconomic variables. In the charts, the black line represents actual data and the blue line shows the model's median forecast. The shaded areas mark the 50, 60, 75 and 90 percent bayesian intervals. For any questions or inquires about the model please contact me at sgelfer@bentley.edu.
Inflation
Core PCE
Core CPI
GDP Deflator
Interest Rates, Yield Curve & Consumer Sentiment
Federal Funds Rate
Projected Yield Curve
Projected Yield Curve
BAA Corporate Bond
10-Yeary Treasury
University of Michigan Consumer Sentiment
Labor Market Metrics
Real Wage Growth
Total Hours Worked
Unemployment Rate