information is subject to multiplier effects inherent to social learning. We build upon the static case, where all agents receive … dissemination of public information is thus considerably lower than the static case suggests. If the social learning signal is …

information is subject to multipliereffects inherent to social learning. We build upon the static case, where all agents receive a … dissemination of public information is thus considerably lower than the static case suggests. If the social learning signal is …

systematic differences between analysts have been transitional and are indicative of learning, others are more persistent. …

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

certain features of monetary policy rules that facilitate learning. However a treatment of policy design for learnability in … worlds where agents have potentially misspecified their learning models has yet to surface. This paper provides such a … understanding of the workings of the economy and that their learning the reduced forms of the economy is subject to potentially …

: 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 …

effect of surprise inflation on aggregate demand. We derive the optimal policy under active learning and compare it to two … limiting cases-certainty equivalence policy and cautionary policy, in which learning takes place passively. Our novel result is … that the two passive learning policies represent an upper and lower bound for the active learning policy, irrespective of …