Bicaba, Zorobabel T.; Coricelli, Fabrizio - C.E.P.R. Discussion Papers - 2015
learning by policymakers, who update their beliefs on the basis of their own experience and of the policies adopted by other … countries. We emphasize the impact of financial crises on the learning process. The learning model developed in the paper … rational learning by policymakers. Finally, in evaluating the potential benefits and costs of capital controls in a given set …