policymakers, learning from the experience of the 1970s, eschewed activist policies in favor of policies that concentrated on the …

, learning from the experience of the 1970s, eschewed activist policies in favor of policies that concentrated on the achievement …

: rational expectations and learning. We show that in this environment the ability to stabilize the real side of the economy is … private learning and misperceptions of natural rates call for greater policy inertia, a more aggressive response to inflation … economy. We show that such policies are quite robust to potential misspecification of private sector learning and the …

policymakers, learning from the experience of the 1970s, eschewed activist policies in favor of policies that concentrated on the …

, learning from the experience of the 1970s, eschewed activist policies in favor of policies that concentrated on the achievement …

opportunities to identify learning rules, since on networks (compared to, e.g., random matching) more rules differ in terms of their … information they consult before making their choices. We use these data to estimate learning types using finite mixture models … find that learning depends on network position. Participants in more complex environments (with more network neighbors …

benefits and limitations of central bank communications in a model of imperfect knowledge and learning. It is shown that the …

benefits and limitations of central bank communications in a model of imperfect knowledge and learning. It is shown that the …