Macroview In-house simulations of growth impact match those of the ECB PWM has on-boarded the models used in the major central banks to tell us the cost of Brexit for the euro area economy. Using the same models used in major central banks gives our asset allocation policy important advantages. We have the same diagnosis of the situation as the monetary authorities and we are able to enter their mind-set. In the case of Brexit, the challenge has been how to simulate what is essentially a...
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