form their beliefs using adaptive learning algorithms that may differ from one individual to another. We show that market …

economy where (i) private agents have incomplete information and form their expectations using recursive learning algorithms … of stability of the equilibrium and speed of convergence of the learning process. In particular, while the publication of … stabilize expectations and to speed up the learning process the response of the policy instrument to inflation should be …

considers many different aspects of the agglomeration - labor market relationship, including turnover, learning, matching, and … agglomeration and uncertainty. There is also evidence of on-the-job learning that is consistent with theories of labor pooling …

expectations, have incomplete information about the working of the economy and form expectations through an adaptive learning … expectations and of learning. The main findings are the followings: (i) under learning, price dynamics in 2015-16 is on average 0 … repeated deflationary shocks; (ii) the learning process implies a (data-driven) de-anchoring of inflation expectations from the …

the welfare of the agents, it also decreases the informational content of their actions, hampering the agency's learning …