Adaptive Learning as a Propagation Mechanism

Finally, following Smith (1993), we estimate the model using indirect inference methods. The empirical implications of the model both under learning and rational expectations are explored. Furthermore, we test the relative importance of various model frictions and learning dynamics in capturing the volatility and persistence of observed macroeconomic data.

MoreLess

Year of publication:	2007
Authors:	Preston, Bruce ; Eusepi, Stefano
Institutions:	Society for Economic Dynamics - SED

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	2007 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2007 SED Meeting Papers Number 954
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011082197