This paper introduces adaptive learning and endogenous indexation in the New-Keynesian Phillips curve and studies … adaptive learning lowers the cost of disinflation. This reduction can be exploited by a gradual approach to disinflation. Firms …

institutions reinforce each other in slowing or preventing people from learning the correct underlying parameters. …

to be employing a simple heuristic alternative to more complex learning models. Simulations of these various belief …

This paper characterizes inter-industry heterogeneity in rates of learning-by-doing and examines how industry learning … rates are connected with firm performance. Using data from the Census Bureau and Compustat, we measure the industry learning … rate as the coefficient on cumulative output in a production function. We find that learning rates vary considerably among …

In this paper, we examine the ¡°learning-by-doing¡± hypothesis in medicine using a longitudinal census of laser in situ … outcomes is minimal. Individual learning-bydoing is identified through observations of surgical outcomes over time based on the … cumulative number of surgeries each surgeon has performed. Collective learning is identified separately through changes in a …