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Berardi, Michele - 2015

Persistent link: https://www.econbiz.de/10011413220

Strategic interactions, incomplete information and learning

Berardi, Michele - Volkswirtschaftliche Fakultät, … - 2012

possibility for learning to act as coordination device. We build on the framework proposed by Angeletos and Pavan (2007) and … adaptive and eductive learning obtain, and show that adaptive learning conditions are less demanding than the eductive ones: in … in the economy. We also show that adaptive learning dynamics converge to the game theoretical strategic equilibrium …

Persistent link: https://www.econbiz.de/10011112721

Time-varying policy rule under learning

Berardi, Michele - In: Economics Letters 129 (2015) C, pp. 25-28

fundamentals, which can also achieve stability of equilibrium under learning. This policy has parameters that evolve over time and …

Persistent link: https://www.econbiz.de/10011263396

On the fragility of sunspot equilibria under learning and evolutionary dynamics

Berardi, Michele - In: Journal of Economic Behavior & Organization 112 (2015) C, pp. 251-265

In this article, we investigate the possibility of sunspot equilibria to emerge from a process of learning and …

Persistent link: https://www.econbiz.de/10011263927

Should monetary policy respond to private sector expectations?

Berardi, Michele - Volkswirtschaftliche Fakultät, … - 2008

This work analyses the implications, in terms of determinacy and E-stability of equilibrium, of a policy rule that responds to private sector expectations in forward looking models. In the literature, this type of policy has been both recommended and criticized. We try to understand the reasons...

Persistent link: https://www.econbiz.de/10008559090