Fed: Slow Learning
June 04, 2026
June 04, 2026
WASHINGTON, June 4 (TNSLrpt) -- The Federal Reserve issued the following white paper abstract (No. 2026-039) in June 2026 by Lawrence J. Christiano, Martin Eichenbaum, and Benjamin K. Johannsen, entitled "Slow Learning".
Here are excerpts:
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This paper provides an analytic characterization of the speed of convergence under learning to a rational expectations equilibrium (REE) for a large class of multivariate models. We show that learning is s . . .
Here are excerpts:
* * *
This paper provides an analytic characterization of the speed of convergence under learning to a rational expectations equilibrium (REE) for a large class of multivariate models. We show that learning is s . . .