The Federal Bank of New York published an...>

US TSYS: The Federal Bank of New York published an economic research staff

report over the weekend covering a potential substitute for Summary of Economic

Projections (SEP): "DSGE Forecasts of the Lost Recovery." According to the NYFR

the "authors document the accuracy of the projections of the New York Fed

Dynamic Stochastic General Equilibrium (DSGE) model during the recovery from the

financial crisis. They find the model's forecasting accuracy to be comparable to

that of private forecasters, and notably better for output growth than the

median forecasts from the FOMC's Summary of Economic Projections." Link:

https://www.newyorkfed.org/research/staff_reports/sr844