from Liberty Street Economics
– this post authored by Marco Del Negro, Marc Giannoni, Abhi Gupta, Pearl Li, and Erica Moszkowski
This post 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. We introduced this model in a series of blog posts in September 2014 and have since published forecasts twice a year. Here we describe our current forecast and highlight how it has changed since May 2016.