not its permanent and transitory components separately. The model`s predictions under learning differ substantially from … explanations of the Feldstein-Horioka puzzle, learning induces high correlations irrespective of the assumed persistence of shocks …

selection of more efficient producers into exporting or by learning-by-exporting. By thinking about the mechanisms behind … selectivity and learning, however, our finding of higher premiums for direct exporters and exporters to outside Africa could be … interpreted as being consistent with learning-by-exporting effects. However, if learning-by-exporting is indeed present in the …

expectation process, we also use a limited rationality process, the adaptive learning model. In this context, we show that the … positive output gap and inflation above target. The estimation results show that the adaptive learning model does a better job …

This study seeks to construct a basic reinforcement learning-based AI-macroeconomic simulator. We use a deep RL (DRL …) approach (DDPG) in an RBC macroeconomic model. We set up two learning scenarios, one of which is deterministic without the … technological shock and the other is stochastic. The objective of the deterministic environment is to compare the learning agent …