Documentation of the Estimated, Dynamic, Optimization-Based (EDO) Model of the U.S. Economy: 2010 Version

67 Pages Posted: 19 Mar 2011

See all articles by Michael T. Kiley

Michael T. Kiley

Board of Governors of the Federal Reserve System

Jean-Philippe Laforte

Board of Governors of the Federal Reserve System

Hess T. Chung

Board of Governors of the Federal Reserve System

Date Written: May 1, 2010

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.

Keywords: DSGE model, policy model

Suggested Citation

Kiley, Michael T. and Laforte, Jean-Philippe and Chung, Hess T., Documentation of the Estimated, Dynamic, Optimization-Based (EDO) Model of the U.S. Economy: 2010 Version (May 1, 2010). FEDS Working Paper No. 29. Available at SSRN: https://ssrn.com/abstract=1786804 or http://dx.doi.org/10.2139/ssrn.1786804

Michael T. Kiley (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th and C Streets, NW
Washington, DC 20551
United States
202-452-2448 (Phone)
202-452-5296 (Fax)

Jean-Philippe Laforte

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Hess T. Chung

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
(20) 973-7484 (Phone)

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