This paper estimates a New Keynesian model with a nonlinearity in the monetary policy rule to capture the practice of inflation targeting with target zones or tolerance bands. Private-sector agents form subjective expectations, update their beliefs over time using a perceived model of the...

We demonstrate that racial biases against tutors hinder learning. In e-learning experiments, U.S. conservatives are more likely to disregard advice from Black tutors, resulting in reduced performance compared to learners taught by white tutors. We show that the bias is unconscious and,...

In emerging markets like Vietnam, where student borrowers often lack traditional credit histories, accurately predicting loan eligibility remains a critical yet underexplored challenge. While machine learning and deep learning techniques have shown promise in credit scoring, their comparative...