Bibframe Work

Title

Shocks, learning, and persistence

Type

Text

Monograph

Contribution

Bryant, John B. (author)

Subject

Business cycles (LCSH)

Language

English (eng)

Classification

LCC: HB1 (Assigner: dlc) (Status: used by assigner)

Supplementary Content

bibliography (bibliography)

Content

text (txt)

Summary

"A simple model of the process of learning in a diverse economy is presented. This model produces a stylized business cycle with shocks which precipitate the learning process. All agents have the same information, which implies that this business cycle cannot be reduced by improved information flow, counter to many models of output and employment fluctuation"--Federal Reserve Bank of Minneapolis web site.

Government Publication Type

federal or national

Authorized Access Point

Bryant, John B. Shocks, learning, and persistence

Admin Metadata

Status: new

Date: 2007-10-16

Agent: United States, Library of Congress

Admin Metadata

Status: changed

Date: 2013-06-03T11:24:13

Agent: United States, Library of Congress