This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …

record. We also find investors face endogeneity that limits their learning about returns to scale and allows prolonged …

internal labor markets, research and teaching performance turn out to be crucial determinants of promotion dynamics. Learning …

This paper studies learning effects in new markets using a panel of relationships between Chilean wineries and …. The evidence suggests that learning about wineries is an important determinant of the positive age effects on FOB prices … but also that learning takes considerably long time. Policy implications are discussed. …

The paper evaluates the performance of three popular monetary policy rules when the central bank is learning about the … level targeting performs best under learning and maintains the advantages of conducting policy under commitment. These …

policy-makers' preferences, and rely on a perpetual learning technology to form expectations. We find that with learning … from those implied by rational expectations, even at long horizons. The presence of learning increases the sensitivity of … the policy-maker. In contrast, under learning, private inflation expectations follow a time-varying process and provide …