Giusto, Andrea - In: Journal of Economic Dynamics and Control 40 (2014) C, pp. 317-333
Recent research shows that several DSGE models provide a closer fit to the data under adaptive learning. This paper … extends this research by introducing adaptive learning in the model of Krusell and Smith (1998) with uninsurable idiosyncratic … 28 years. Overall, these findings suggest that adaptive learning has important distributional repercussions in this class …