Question: Please use own words ESTONS (DQ'S). 2. Why are some economists doubtful of the value of RBC models? What is the difference between homogeneous-agent models

Please use own words

ESTONS (DQ'S). 2. Why are some economists doubtful of the value of RBC models? What is the difference between homogeneous-agent models and heterogeneous-agent models? How does a univariate time-series model differ from a VAR model? What are the problems a researcher encounters in trying to use a VAR model to investigate the effects of monetary policy? What type of VAR model can be used to solve

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