Tony Yates
Jonathan Portes
@t0nyyates even if tools are symmetrically effective (as you say probably false) doesn't this require loss function to be symmetric too?
No, not unless QE is adequate substitute for interest rate stimulus. ZLB otherwise makes reaction function asymmethttps://twitter.com/jonathanalgar/status/686856347405647872 …
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@jdportes yes, but that is isn't is - at least in model land - a small issue. -
@t0nyyates Model land. Must visit sometime. Will contact you for restaurant recommendations, etc. -
@jdportes@t0nyyates would imagine restaurants are homogeneous in Model Land. No point in recommendations.
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Andrew Mell
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