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Measuring the Effects of a Shock to Monetary Policy - Humboldt ...

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Bayesian FAVARs with Agnostic Identification 59<br />

To keep <strong>the</strong> memory usage <strong>of</strong> <strong>the</strong> finalResponses().response in efficient limits,<br />

I first initialize it with <strong>the</strong> initial size <strong>of</strong> 3% <strong>of</strong> <strong>the</strong> <strong>the</strong> [draws × α].

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