On the initialization of adaptive learning in macroeconomic models

DOI10.1016/J.JEDC.2017.03.002MaRDI QIDQ1655561zbMATH OpenOpenAlexFDO

Authors Michele Berardi, Jaqueson K. Galimberti

Publication date 9 August 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://www.research.manchester.ac.uk/portal/en/publications/on-the-initialization-of-adaptive-learning-in-macroeconomic-models(d153bcd7-b38b-458f-b38c-1d5314d79a59).html

zbMATH Keywords

adaptive learningalgorithmsexpectationshybrid New Keynesian Phillips curveinitialization

Mathematics Subject Classification ID

Rationality and learning in game theory (91A26) Economic dynamics (91B55) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• A note on exact correspondences between adaptive learning algorithms and the Kalman filter
• A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix
• Adaptive learning in practice
• scientific article; zbMATH DE number 3875113 (Why is no real title available?)
• scientific article; zbMATH DE number 2188315 (Why is no real title available?)
• Learning and time-varying macroeconomic volatility
• Learning, monetary policy rules, and macroeconomic stability
• Least mean squares learning in self-referential linear stochastic models
• On the initialization of adaptive learning in macroeconomic models
• Rational Expectations Equilibria, Learning, and Model Specification
• Stochastic gradient learning in the cobweb model
• The decline of activist stabilization policy: natural rate misperceptions, learning, and expectations

Cited in

(5)

• Adaptive learning in practice
• On the initialization of adaptive learning in macroeconomic models
• Decomposing the output gap with inflation learning
• An approximation of the distribution of learning estimates in macroeconomic models
• Behavioral learning equilibria in New Keynesian models

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