The suite-ofmodels approach has the added advantage of taking some degree of model uncertainty into account by taking all relevant and potentially-important information into consideration. BIS Review 67/2009  1  There are essentially two different types of models. The first is the structural macroeconomic type of model which includes the traditional multi-equation model, and the second is a shortterm time series forecast model.
This could give the impression that debt at the European level somehow doesn’t count or that it is a way of evading tiresome fiscal rules. A more logical and more transparent approach to this would have been to use contributions from EU Member States as funding. You might still remember the magician David Copperfield, who once managed to make the Statue of Liberty disappear.