Add to ORKGThis paper studies the short run correlation of inflation and money growth. We study whether a model of learning can do better than a model of rational expectations, we focus our study on countries of high inflation. We take the money process as an exogenous variable, estimated from the data through a switching regime process. We find that the rational expectations model and the model of learning both offer very good explanations for the joint behavior of money and prices
We propose a framework in which expectations have a rational and a learning component. We describe a...
This paper examines the existence of bounded rationality and its implications for the effectiveness ...
A total of nine experimental markets were studied. Seven of these involved eleven or twelve periods ...
This paper studies the short run correlation of inflation and money growth. We study whether a model...
This paper studies the short run correlation of inflation and money growth. We study whether a model...
This paper studies the short run correlation of inflation and money growth. We study whether a model...
Emprical studies of hyperinflations reveal that the rational expectations hypothesis fails to hold. ...
In this paper the authors explore the ability of simple monetary models with bounded rationality to ...
The nature of expectations matters when conducting monetary policy. Models with a learning process c...
In this paper we explore the ability of simple monetary models with bounded rationality to account f...
Using laboratory experiments within a New Keynesian sticky price framework, we study the process of ...
Abstract. This paper presents an estimated model with learning and provides evidence that learning c...
This paper uses a model of boundedly rational learning to account for the observations of recurrent ...
This paper considers a sticky price model with a cash-in-advance constraint where agents forecast in...
This thesis studies implications of different learning mechanisms in various monetary environments. ...
We propose a framework in which expectations have a rational and a learning component. We describe a...
This paper examines the existence of bounded rationality and its implications for the effectiveness ...
A total of nine experimental markets were studied. Seven of these involved eleven or twelve periods ...
This paper studies the short run correlation of inflation and money growth. We study whether a model...
This paper studies the short run correlation of inflation and money growth. We study whether a model...
This paper studies the short run correlation of inflation and money growth. We study whether a model...
Emprical studies of hyperinflations reveal that the rational expectations hypothesis fails to hold. ...
In this paper the authors explore the ability of simple monetary models with bounded rationality to ...
The nature of expectations matters when conducting monetary policy. Models with a learning process c...
In this paper we explore the ability of simple monetary models with bounded rationality to account f...
Using laboratory experiments within a New Keynesian sticky price framework, we study the process of ...
Abstract. This paper presents an estimated model with learning and provides evidence that learning c...
This paper uses a model of boundedly rational learning to account for the observations of recurrent ...
This paper considers a sticky price model with a cash-in-advance constraint where agents forecast in...
This thesis studies implications of different learning mechanisms in various monetary environments. ...
We propose a framework in which expectations have a rational and a learning component. We describe a...
This paper examines the existence of bounded rationality and its implications for the effectiveness ...
A total of nine experimental markets were studied. Seven of these involved eleven or twelve periods ...