. Learning played a major role in individuals achieving what was referred to as complete rationality. I draw on these ideas, and …

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 …

by growth expectations. Adaptive learning dynamics determine country-specific short run transition paths. Countries …

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

prevalent in early and late stages of a learning process, whereas reason governs decisions in intermediate stages. Examples …

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

We study the effect of the world’s largest school feeding program on children’s learning outcomes. Staggered … that midday meals have a dramatic positive effect on learning achievement: children with up to 5 years of primary school … improvement including enrollment and nutrition-learning effects, heterogeneous responses by socio-economic status, complementary …