equilibrium dynamics resulting from this learning process helps to explain the main stylized facts of free-floating exchange rates … the number of agents (not more than about 1000). With a larger population, this collective learning dynamics looses its … Hauptinteresse geht dahin, herauszufinden, ob die Gleichgewichtsdynamik, die aus diesem Lernprozess resultiert, dabei helfen kann …

Due to the lack of descriptive information about the effectiveness of risk management activities, decision-makers often …

equilibrium dynamics resulting from this learning process helps to explain the main stylized facts of free-floating exchange rates …) and the number of agents (not more than about 1000). With a larger population, this collective learning dynamics looses …

, larger budget deficits jspell higher interest rates, as posited by conventional macroeconomic theory. …

Restrictions from economic theory are usually placed on the parameter space in DSGE models. Such restrictions are also … utilized to ensure identifiability. But even when the population parameter value is consistent with theory, the likelihood …