Adaptive learning introduces persistence in the evolution of agents' beliefs over time. For applied purposes this is a … convenient feature to help explain why economies present sluggish adjustments towards equilibrium. The pace of learning is … document renewed empirical calibrations of plausible gain values for adaptive learning applications to macroeconomic data. We …

Adaptive learning introduces persistence in the evolution of agents’ beliefs over time. For applied purposes this is a … convenient feature to help explain why economies present sluggish adjustments towards equilibrium. The pace of learning is … document renewed empirical calibrations of plausible gain values for adaptive learning applications to macroeconomic data. We …

We compare forecasts from different adaptive learning algorithms and calibrations applied to US real-time data on …