Blar i Discussion papers (SAM) på emneord "learning"
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Optimal monetary policy when agents are learning
(Discussion paper, Working paper, 2006-11)Most studies of optimal monetary policy under learning rely on optimality conditions derived for the case when agents have rational expectations. In this paper, we derive optimal monetary policy in an economy where the ... -
Testing the role of comparative advantage and learning in wage and promotion dynamics
(Discussion paper, Working paper, 2007-09)Can job assignment based on comparative advantage and learning about workers’ ability explain wage and promotion dynamics within firms? In order to answer this question the Gibbons and Waldman (1999b) model is estimated in ... -
Using survey data of inflation expectations in the estimation of learning and rational expectations models
(Discussion paper;20/2014, Working paper, 2014-05)Does survey data contain useful information for estimating macroeconomic models? We address this question by using survey data of inflation expectations to estimate the New Keynesian model by Smets and Wouters (2007) and ... -
Viscosity and dispersion in an evolutionary model of learning
(Discussion paper, Working paper, 2002-03)A two-population evolutionary model of learning is proposed where there is a conflict of interests between populations, and where interaction ranges from complete viscosity to complete dispersion. The long run stochastically ...