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On the initialization of adaptive learning in macroeconomic models

Berardi, Michele; Galimberti, Jaqueson K. - 2016

We review and evaluate methods previously adopted in the applied literature of adaptive learning in order to initialize agents' beliefs. Previous methods are classified into three broad classes: equilibrium-related, training sample-based, and estimation-based. We conduct several simulations...

Persistent link: https://www.econbiz.de/10011573204

A new Keynesian model with staggered price and wage setting under learning

Best, Gabriela - In: Journal of economic dynamics & control 57 (2015), pp. 96-111

Persistent link: https://www.econbiz.de/10011574599

Rational polarization : asymptotic belief divergence in response to common information

Loh, Isaac; Phelan, Gregory - 2016 - This version: December 16, 2016

Persistent link: https://www.econbiz.de/10011575875

Price beliefs and experience : Do consumers' beliefs converge to empirical distributions with repeated purchases?

Matsumoto, Brett; Spence, Forrest - In: Journal of economic behavior & organization : JEBO 126 (2016) 1, pp. 243-254

Persistent link: https://www.econbiz.de/10011701071

Learning to believe in secular stagnation

Gibbs, Christopher G. - In: Economics letters 163 (2018), pp. 50-54

Persistent link: https://www.econbiz.de/10011982921

Endogenously (non-)Ricardian beliefs

Branch, William A.; Gasteiger, Emanuel - 2019

This paper develops a theory of endogenously (non-)Ricardian beliefs. That is, whether Ricardian Equivalence holds in ….) multiple equilibria exist where the economy can coordinate on Ricardian or non-Ricardian equilibria. The theory suggests a …

Persistent link: https://www.econbiz.de/10011988962