• Work with a U.S. macroeconometric model or a multicountry econometric model to forecast, do policy analysis, and examine historical episodes. For example, you can change government policy variables and examine the estimated effects of the changes.
• Table and graph online and/or download all or part of the historical data, forecast data, and data you may have created.
• Read online and/or download all the documentation, memos, and papers.
• Download for use on your own computer the Fair-Parke (FP) program and the models.
• Download for use on your own computer the US model in EViews.

The current forecast is discussed in more detail in What Do Price Equations Say About Future Inflation?.

• The estimates and complete specification of the latest version of the US model are presented in Appendix A: The US Model: April 29, 2021. A complete discussion of the January 28, 2018, version of the US model is in Macroeconometric Modeling: 2018. A few specification changes have been made for the current version of the model relative to the January 28, 2018, version. These are discussed in Appendix C: Changes to the US Model Beginning April 29, 2021

• The US Model Workbook The latest workbook is The US Model Workbook, April 29, 2021.

• The MCJ model is the exact version of the MC model in Macroeconometric Modeling: 2018. The US model that is part of the MCJ model is the version dated January 28, 2018. The estimates and complete specification of the MCJ model are presented in Appendices A and B of this document. The workbook for the MCJ model is The MCJ Model Workbook: 2018 . The workbook for the January 28, 2018, version of the US model is The US Model Workbook, January 28, 2018.

Getting Started

As noted above, the complete documentation for the models is in Macroeconometric Modeling: 2018. You should at least look this over. The additional reading for the US model is:

• What are the models and why use them over commercial models?
• About US Model User Datasets.
• The US Model Workbook, April 29, 2021: read the Preface and then decide what else you need to read.

The additional reading for the MCJ model is:

• About MCJ Model User Datasets.
• The MCJ Model Workbook: 2018 : Chapter 1.

When you are ready to use the US or MCJ model, click "(solve)" below.

The US Model (solve)

• Note for the April 29, 2021, version: In the paper, What Do Price Equations Say About Future Inflation? two forecasts are presented in Table 7. The first has the estimated Fed rule (equation 30) turned off and RS set to 0.05 for all quarters of the forecast period. The second uses the estimated Fed rule. The default when solving the model is to use the Fed rule. This duplicates the second forecast in Table 7. If you want to run the first forecast in Table 7, drop the RS equation, 30, and set RS to 0.05 for all quarters of the forecast period. This will duplicate the first forecast in Table 7.
  
• Note on some options: For some options you may need to hit the back space arrow on your browser one or two times once you have made any changes to get back to the main page. Doing this will not erase your changes.

The MCJ Model (solve) NOTE: For some options you may need to hit the back space arrow on your browser one or two times once you have made any changes to get back to the main page. Doing this will not erase your changes.

The MCJ Model Workbook
Macroeconometric Modeling: 2018 Contains a complete description of the MCJ model.
Appendix A Appendix A in Macroeconometric Modeling: 2018, the US model.
Appendix B Appendix B in Macroeconometric Modeling: 2018, the ROW model.

The MCJ2 Model (solve) NOTE: For some options you may need to hit the back space arrow on your browser one or two times once you have made any changes to get back to the main page. Doing this will not erase your changes.
Appendix B for the MCJ2 Model.

The Fair-Parke Program

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