He said it was "less efficacious for the real economy than most people suppose".
He made similar remarks at a private investment conference in April, according to a summary obtained by The Financial Times, declaring that the Fed's bond purchasing "in my view is less efficacious for the real economy than most people suppose".
Concerning these points, some studies show that in clinical groups, coping strategies that focus on emotion (such as in the case with distancing and escape-avoidance) are less adaptive and helpful and, therefore, may be less efficacious for reducing tension and stress (e.g., Dabrowska and Pisula 2010), although this is controversial.
Recently, Olarte-Sánchez et al. (2013) compared the values of a for corn oil and sucrose reinforcers; their findings were consistent with extant evidence that sucrose is less efficacious than corn oil on a volume-for-volume basis, but more efficacious on a calorie-for-calorie basis (Naleid et al., 2008).
If oxidized oils are less efficacious, or if they cause harm, for example, by advancing atherosclerosis then provided some studies used oxidized supplements, these results would be expected.
Likewise, sevoflurane and other ether anesthetics may be less efficacious NMDA receptor antagonists at MAC for the very reason that they more potently modulate other ion channels and receptors responsible for immobility during anesthesia.
In the study by Bianco et al. [46] dedicated to headache patient management by general practitioners in Italy, less than half (46.7%) of the GPs modified the treatment when new scientific evidence indicated that its use for a patient was less efficacious that the new one.
The same study found abacavir regimen to be less efficacious when compared with those containing zidovudine for up to 48 weeks of treatment.
In all cases, gas-phase extracts were less efficacious than the corresponding particulate-phase extracts for the same sampling dates and locations.
In clinical trials, pharmacological inhibitors of PDE4 developed as potential therapies for treatment of inflammatory diseases were less efficacious than preclinical data suggested [18], [21], [22]; consequently, none has yet been approved for clinical use [23], [24].
