econometric learning scheme as proposed by Laubach, Tetlow, and Williams (2007) in the estimation and compare the results to those … form their expectations according to the learning approach. …

We estimate a New-Keynesian macro-finance model of the yield curve incorporating learning by private agents with … prices of risk are important features of the data. These features are, therefore, included in our learning model. The model … is estimated on U.S. data using Bayesian techniques. The learning model succeeds in explaining the yield curve movements …

Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently … shows that there is a fundamental statistical identification problem in trying to separate learning from exogenous … technological change and that the estimated learning coefficient will generally be biased upwards. Second, we present two empirical …