activity over the business cycle. Learning strengthens the role of collateral constraints in aggregate fluctuations. Under … Heterogeneous learning rules, numerical simulations illustrate that bankruptcy on the part of borrowers arises sooner as they track …

demand and house prices and reinforce agents' optimism (pessimism). Bayesian learning about house prices can endogenously …

about the collateral price process. Bayesian learning by agents can endogenously generate booms and busts in collateral … collateral price process and is validated by subsequently realized prices. The learning model can quantitatively account for the … demonstrates that the leveraged economy with a higher steady state leverage ratio is more prone to self-inforcing learning dynamics. …

demand and house prices and reinforce agents׳ optimism (pessimism). Bayesian learning about house prices can endogenously …

This comment shows that the "optimality" conditions in Assenza and Berardi (2009, JEDC) "Learning in a Credit Economy … conditions is illustrated by considering an unexpected productivity impulse. Finally, under heterogeneous learning rules …

demonstrate that the leveraged economy with a higher steady state leverage ratio is more prone to self-reinforcing learning …

demonstrate that the leveraged economy with a higher steady state leverage ratio is more prone to self-reinforcing learning …

demand and house prices and reinforce agents' optimism (pessimism). Bayesian learning about house prices can endogenously …

activity over the business cycle. Learning strengthens the role of collateral constraints in aggregate fluctuations. Under … heterogeneous learning rules, numerical simulations illustrate that bankruptcy on the part of borrowers arises sooner as they track …