Learning, monetary policy and asset prices

The dissertation examines several policy-related implications of relaxing the assumption that economic agents are guided by rational expectations. A first, introductory chapter presents the main technical issues related to adaptive learning. The second chapter studies the implications for monetary po...

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Bibliographic Details
Main Author: Locarno, Alberto
Published: London School of Economics and Political Science (University of London) 2012
Subjects:
Online Access:http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.550757