with evidence from other interbank markets and other financial networks regarding the flaws of traditional direct financial … contagion models based on homogeneous and non-hierarchical networks. Also, results provide further evidence about financial … networks’ self-organization emerging from complex adaptive financial systems. Our research contributes by (i) examining and …

which the central bank has to learn the private sector inflation forecasting rule.Here, the learning scheme we investigate … is that of least-squares learning (recursive OLS) using the Kalman filter.With imperfect knowledge, results depend on the … learning scheme that is employed.A novel feature of the passive learning policy - compared to the central bank s disinflation …

with experience. We then reject increasing confidence in private information or learning about the structure of the …