organizational culture fosters the process of learning and competence building and works as a glue between people and the …

distinguish between these two shocks and, under incomplete learning, private perceptions of the inflation target will not equal …

policymakers, learning from the experience of the 1970s, eschewed activist policies in favor of policies that concentrated on the …

intuitively appealing explanation, based on regime switching in the real interest rate and learning, of why tests based on the …

: rational expectations and learning. We show that in this environment the ability to stabilize the real side of the economy is … private learning and misperceptions of natural rates call for greater policy inertia, a more aggressive response to inflation … economy. We show that such policies are quite robust to potential misspecification of private sector learning and the …

time spent in the urban environment (and thus learning), or job changes. The evidence suggests that both these processes …

learning from experience that also allows for heterogeneity in both private information and updating. Our model vastly …

. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …

learning and control, variants of which have been studied in the past, but little with forward-looking variables which are a … key component of modern policy-relevant models. As in most Bayesian learning problems, the optimal policy typically … good approximation to the BOP. We provide a simple example to illustrate the role of learning and experimentation in an …