This paper estimates a standard Dynamic Stochastic General Equilibrium (DSGE) model that includes a wage and price Phillip's curves with different expectation formation processes for Brazil and the ...

Interdisciplinary learning experiences/curriculum cohesion (where and when feasible) Some courses that do not exceed 30 students per section (clusters can include ...

This paper examines the robustness characteristics of optimal control policies derived under the assumption of rational expectations to alternative models of expectations. We assume that agents have ...

During learning, the brain is a prediction engine that continually makes theories about our environment and accurately registers whether an assumption is true or not. A team of neuroscientists from ...

In this paper we consider how boundedly rational agents learn rational expectations. The assumption that agents are boundedly rational is made operational by imposing computability constraints on the ...

There are countless distractions while learning at home: a cat walking across the keyboard, a sibling goofing off in the background, a comfy bed to lounge on, a pantry full of tempting snacks. As ...