Title:Labor-Market Volatility in the Search-and-Matching Model: The Role of Investment-Specific Technology Shocks
Author(s):FACCINI, Renato; ORTIGUEIRA, SalvadorDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Shocks to investment-specific technology have been identified as a main source of U.S. aggregate output volatility. In this paper we assess the contribution of these shocks to the volatility of labor market variables, ...
Title:Leading Indicators for Euro Area Inflation and GDP Growth
Author(s):BANERJEE, Anindya; MARCELLINO, Massimiliano; MASTEN, IgorDate:2003Type of Publication:Working PaperSeries/Report no.:CEPR discussion paperAbstract:In this Paper we evaluate the role of a set of variables as leading indicators for Euro-area inflation and GDP growth. Our evaluation is based on using the variables in the ECB euro area model database, plus a set of similar ...
Title:Learning Strict Nash Equilibria through Reinforcement
Author(s):IANNI, AntonellaDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Abstract: This paper studies the analytical properties of the reinforcement learning model proposed in Erev and Roth (1998), also termed cumulative reinforcement learning in Laslier et al. (2001). The stochastic model of ...
Title:Learning to Drink Beer by Mistake
Author(s):DI GIOACCHINO, DeboraDate:1994Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Learning within a Markovian Environment
Author(s):RIVAS, JavierDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We investigate learning in a setting where each period a population has to choose
between two actions and the payoff each action is unknown by the players. The population
learns according to reinforcement and the environment ...
Title:Long Term Persistence
Author(s):GUISO, Luigi; SAPIENZA, Paola; ZINGALES, LuigiDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Is social capital long lasting? Does it affect long term economic performance? To answer these questions we test Putnam’s conjecture that today marked differences in social capital between the North and South of Italy were ...