convergence in their credit terms, suggesting that transparency facilitates learning across a bank's different geographic regions …

realistic assumption of boundedly rational learning where agents are assumed to use only a limited set of information to form … differences in the adjustment path to the shocks to the economy when agent form expectations using our learning approach compared …

learning, choosing among a set of alternative forecasting models. The analysis is accompanied by empirical evidence on the …

learning, choosing among a set of alternative forecasting models. The analysis is accompanied by empirical evidence on the …

While it has become clear that communication is a monetary policy tool for central banks, and extensive research has … been conducted on central bank communication with financial markets, little is known so far on central bank communication … European Central Bank (ECB) and on understanding of its communication about the Pandemic Emergency Purchase Programme, which …