The Shell Model, the Renormalization Group and the Two-Body Interaction
  The no-core shell model and the effective interaction $V_{{\rm low} k}$ can both be derived using the Lee-Suzuki projection operator formalism. The main difference between the two is the choice of basis states that define the model space. The effective interaction $V_{{\rm low} k}$ can also be derived using the renormalization group. That renormalization group derivation can be extended in a straight forward manner to also include the no-core shell model. In the nuclear matter limit the no-core shell model effective interaction in the two-body approximation reduces identically to $V_{{\rm low} k}$. The same considerations apply to the Bloch-Horowitz version of the shell model and the renormalization group treatment of two-body scattering by Birse, McGovern and Richardson. 
B.K. Jennings