In this methodological work I explore the possibility of explicitly modelling expec-tations conditioning the R … through the concept of internal model . The last part of the article uses artificial neural networks to model the expectations …

indicate that assumptions on bounded rationality, and on adaptive expectations are perfectly compatible with sound and … form adaptive expectations, based on an evolving individual mental model, their behaviour becomes much more interesting in …

canonical modelling framework, we model individual agents\' forms of behaviour under procedural rationality in the sense of … expectations in that respect, agents are supposed to adopt economic forms of behaviour that are guided by simple rules of thumb … rational expectations equilibrium endogenously arise from those learning rules. Subsequently, the central bank implements an …

substantial rationality in behaviors and expectations. Our results show that a dynamic loop between credibility and success can … individual agents and their bounded rationality, and to emphasize, on this basis, the role of learning in macroeconomic dynamics …. We consider that those three features (heterogeneity, bounded rationality, and learning) are particularly relevant if one …