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FRB/US model
The FRB/US model is a large-scale estimated general equilibrium model of the U.S. economy that has been in use at the Federal Reserve Board since 1996. The model is designed for detailed analysis of monetary and fiscal policies. One distinctive feature compared to dynamic stochastic general equilibrium (DSGE) models is the ability to switch between alternative assumptions about expectations formation of economic agents. Another is the models level of detail: FRB/US contains all major components of the product and income sides of the U.S. national accounts. Since its original development, the model has continuously undergone changes to cope with the evolving structure of the economy, including conceptual revisions to sectoral definitions of the national accounts.
Complete Metadata
| accessLevel | public |
|---|---|
| bureauCode |
[
"920:00"
]
|
| contactPoint |
{
"fn": "Katherine Tom",
"hasEmail": "mailto:ogda-data@frb.gov"
}
|
| description | The FRB/US model is a large-scale estimated general equilibrium model of the U.S. economy that has been in use at the Federal Reserve Board since 1996. The model is designed for detailed analysis of monetary and fiscal policies. One distinctive feature compared to dynamic stochastic general equilibrium (DSGE) models is the ability to switch between alternative assumptions about expectations formation of economic agents. Another is the models level of detail: FRB/US contains all major components of the product and income sides of the U.S. national accounts. Since its original development, the model has continuously undergone changes to cope with the evolving structure of the economy, including conceptual revisions to sectoral definitions of the national accounts. |
| identifier | FRBC0007 |
| keyword |
[
"Data resource",
"FRS created data",
"Macroeconomic activity",
"Public domain external data"
]
|
| landingPage | https://www.federalreserve.gov/econres/us-models-package.htm |
| modified | R/P1Y |
| programCode |
[
"920:000"
]
|
| publisher |
{
"name": "Board of Governors of the Federal Reserve System"
}
|
| title | FRB/US model |
