-monotonic relationship in the learning-to-forecast experiments and this non-monotonicity persists in the learning-to-optimize design. Third …, convergence in the learning-to-optimize experiment is more challenging to achieve: coordination on the two-cycle is never observed …

We analyse the dynamics resulting from social learning in a simple general equilibrium (GE) model, whose structure is … social learning. We discuss the robustness of the symmetric optimal equilibrium of this GE model, by testing the ability of … agents to coordinate on it through this learning scheme in the absence of substantive rationality and perfect information …

This paper investigates the performances of an inflation targeting regime in a learning economy whose functioning is …, we assume that their behaviour is guided by simple rules of thumb – or heuristics – while a continuous learning process … learning behaviour. Finally, the central bank implements an inflation targeting regime via a monetary policy rule. Our aim is …

This paper applies a social learning model to the optimal consumption rule of Allen & Carroll (2001), and delivers … results in the literature, both in terms of speed of convergence and parsimony of the learning model. The learning model … exhibits several appealing features: it is frugal, easy to apply to a range of learning objectives, requires few procedures and …