machine learning algorithms. We find that a neural network performs best out-of-sample. Thus, we use this algorithm to …

This paper is the first attempt to investigate the performance of different learning rules in fitting survey data of …). Overall it is found that constant gain learning performs well in out-of-sample forecasting. It is also shown that households …

to the European integration process. Thus macroeconomic constraints and social learning processes are co-mingling with …

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 …