Lubos Pastor and Elisabeth Kempf on *Fifty Shades of QE* and the Implications of QE Research
Macro Musings with David Beckworth
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Do You See Differences in the Types of Methodologies Used?
Centra banks, staties are more likely to use d s g models versus v a r models. That's said, we can control for model choice, we still continue to find these differences. So model choice doesn't seem to be explaining everything. But you could certainly hp thesise at the more modelling assumptions you have, right? The larger the range of possible outcome. And in defence of central bankers, you might argue that somebody using a v ar model can also bring in the seventeenth econometric variable, rini s afa, to deliver the outcome. On absolutely i use v a rs and there's a lot of vino art that goes into that as well
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