Wednesday, February 12, 2014

DSGE forecasts for US

These are outputs from BLUES, my wonderful DSGE model estimated for the US economy, which systematically beat those usual egregious houses. In words, growth is going to be great, output gap is close to zero. The reasons for are (i) end of fiscal drag, (ii) easy monetary policy, (iii) end of political uncertainty, (iv) no oil shock, and(v) housing and capital stocks still too low



1 comment: