, corresponding research on learning about growth persistence is completely lacking. Hidden persistence is a novel way to introduce …

This paper incorporates learning and reputation building into a simple dynamic stochastic model of international trade … with asymmetric information. We use the model to study a bilateral trade flow influenced significantly by learning and … international trade patterns. Since learning and reputation building require time, predicted short run trade patterns can be quite …

We present a hidden Markov model of discrete strategic heterogeneity and learning in first price independent private …

possibility for learning to act as coordination device. We build on the framework proposed by Angeletos and Pavan (2007) and … adaptive and eductive learning obtain, and show that adaptive learning conditions are less demanding than the eductive ones: in … in the economy. We also show that adaptive learning dynamics converge to the game theoretical strategic equilibrium …

by belief hysteresis, where learning in active regime fuels optimism, propelling an expansion. After an inevitable regime …

demonstrate that these finding are robust to lag specifications for the ARDL models and parameter specifications for the learning …

in generating the same relationship. However, allowing a small deviation from RE by introducing learning mechanism can …