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

We derive the optimal monetary policy in a sticky price model when private agents follow adaptive learning. We show … order to facilitate private sector learning and thus ease the future intratemporal inflation-output gap trade-offs. The … policy recommendation is robust: the welfare loss entailed by the optimal policy under learning if the private sector …

. Learning played a major role in individuals achieving what was referred to as complete rationality. I draw on these ideas, and … determined could both change the perceptions economists have on policy matters and incorporate findings from recent economic …

World income grows fast without verifiable climate-change impacts on the economy. The growth spell can end if climate …

endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition …

We study a many country endogenous growth model in which decisions about innovation and new investment are influenced … by growth expectations. Adaptive learning dynamics determine country-specific short run transition paths. Countries … region that applies tariffs. Substantial differences in the levels of innovation, consumption, output, and utility can appear …

losses are outweighed by short term gains from the learning phase. …