Two-sided learning and short-run dynamics in a New Keynesian model of the economy
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DOI: 10.1016/j.econlet.2017.06.041
Abstract: We investigate the role of asymmetric information and learning in a New Keynesian framework in which private agents and the central bank have imperfect knowledge of the economy. We assume that agents employ the data… read more here.
Keywords: sided learning; learning short; two sided; short run ... See more keywords