We present a model of learning in which agents learn from errors. If an action turns out to be an error, the agent … an acceptable solution is asymptotically reached. Moreover, one can take advantage of big errors for a faster learning. …

Learning process is a new approach of filling the gap between adaptive expectations and rational expectations. Private … agents are learning new information and adjust their expectation about the inflation and output gap. Central bank … transparency is one of the key factors of learning by private agents. However the learning process is also very important aspect …