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We evaluate forecast performance using out\u2010of\u2010sample predictions from 1996 to 2004. We find that the Edo model can provide forecasts that are competitive with those of Federal Reserve staff. Taken together with the fact that the Edo model has also proved useful in answering a range of policy questions, this suggests a significant and broad role for richly specified DSGE models in the toolbox of central bank models. Copyright \u00a9 2010 John Wiley &amp; Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.1175","type":"journal-article","created":{"date-parts":[[2010,4,1]],"date-time":"2010-04-01T08:51:12Z","timestamp":1270111872000},"page":"720-754","source":"Crossref","is-referenced-by-count":98,"title":["A comparison of forecast performance between federal reserve staff forecasts, simple reduced\u2010form models, and a DSGE model"],"prefix":"10.1002","volume":"25","author":[{"given":"Rochelle M.","family":"Edge","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Michael T.","family":"Kiley","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Jean\u2010Philippe","family":"Laforte","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2010,5,4]]},"reference":[{"key":"e_1_2_10_2_1","unstructured":"AdolfsonM Lind\u00e9J VillaniM.2006.Forecasting performance of an open economy dynamic stochastic general equilibrium model. 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