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 …

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

The model presented here is an estimated medium-scale model for the United States (US) economy developed to forecast … optimise under limited-information model-consistent learning, where each agent knows the parameters related to his …/her optimization problem. Under this learning approach the effect of a monetary policy shock on output and inflation is more muted but …

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

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 …