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regular monetary policy preparation and decision-making process. This paper reviews how the factors usually considered as … policy decisions and the role of the decision-making bodies and the committees therein. We suggest that technical committees … committee work at the various hierarchical levels, contributes to the efficiency of the ECB’s monetary policy decision …
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We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious play, imitation, reinforcement learning, and a trial...
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