Details about Michele Berardi

Access statistics for papers by Michele Berardi.

Last updated 2023-03-17. Update your information in the RePEc Author Service.

Short-id: pbe224

Working Papers

2021

1. Beliefs asymmetry and price stability in a cobweb model
   MPRA Paper, University Library of Munich, Germany
   See also Journal Article in Journal of Economic Behavior & Organization (2022)
2. Uncertainty, sentiments and time-varying risk premia
   MPRA Paper, University Library of Munich, Germany

2020

3. Learning from Prices: Information Aggregation and Accumulation in an Asset Price Model
   Economics Discussion Paper Series, Economics, The University of Manchester
4. Learning from prices: information aggregation and accumulation in an asset market
   MPRA Paper, University Library of Munich, Germany
   See also Journal Article in Annals of Finance (2021)
5. Uncertainty and sentiments in asset prices
   MPRA Paper, University Library of Munich, Germany View citations (1)
   See also Journal Article in Journal of Economic Behavior & Organization (2022)

2019

6. A probabilistic interpretation of the constant gain algorithm
   MPRA Paper, University Library of Munich, Germany View citations (3)

2018

7. Discrete beliefs space and equilibrium: a cautionary note
   Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester
   See also Journal Article in Journal of Evolutionary Economics (2021)
8. Information aggregation and learning in a dynamic asset pricing model
   Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester

2017

9. Smoothing-based Initialization for Learning-to-Forecast Algorithms
   KOF Working papers, KOF Swiss Economic Institute, ETH Zurich View citations (1)
   See also Journal Article in Macroeconomic Dynamics (2019)

2016

10. Herding through learning in an asset pricing model
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester
11. On the Initialization of Adaptive Learning in Macroeconomic Models
    KOF Working papers, KOF Swiss Economic Institute, ETH Zurich View citations (5)
    See also Journal Article in Journal of Economic Dynamics and Control (2017)

2015

12. Empirical Calibration of Adaptive Learning
    KOF Working papers, KOF Swiss Economic Institute, ETH Zurich View citations (8)
    See also Journal Article in Journal of Economic Behavior & Organization (2017)
13. Expectations formation under adaptive learning and evolutionary dynamics
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester
14. Prices, fundamental values and learning
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester View citations (2)

2014

15. A Note on the Representative Adaptive Learning Algorithm
    KOF Working papers, KOF Swiss Economic Institute, ETH Zurich View citations (11)
    See also Journal Article in Economics Letters (2014)

2013

16. On the fragility of sunspot equilibria under learning and evolutionary dynamics
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester
    See also Journal Article in Journal of Economic Behavior & Organization (2015)

2012

17. A note on exact correspondences between adaptive learning algorithms and the Kalman filter
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester View citations (4)
    See also Journal Article in Economics Letters (2013)
18. Endogenous time-varying risk aversion and asset return
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester
    See also Journal Article in Journal of Evolutionary Economics (2016)
19. On the initialization of adaptive learning algorithms: A review of methods and a new smoothing-based routine
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester View citations (7)
20. On the plausibility of adaptive learning in macroeconomics: A puzzling conflict in the choice of the representative algorithm
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester View citations (5)
21. Strategic interactions, incomplete information and learning
    MPRA Paper, University Library of Munich, Germany
    Also in Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester (2011)

2011

22. Fundamentalists vs. chartists: Learning and predictor choice dynamics
    Post-Print, HAL View citations (9)
    Also in Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester (2008) View citations (2)
    See also Journal Article in Journal of Economic Dynamics and Control (2011)
23. On the stability properties of optimal interest rules under learning
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester
24. Was Bernanke Right? Targeting Asset Prices may not be a Good Idea after all
    CESifo Working Paper Series, CESifo View citations (1)
    See also Chapter (2015)

2010

25. Heterogeneous learning dynamics and speed of convergence
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester
    See also Journal Article in Studies in Nonlinear Dynamics & Econometrics (2012)
26. Real-Time, Adaptive Learning via Parameterized Expectations
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester View citations (2)
    See also Journal Article in Macroeconomic Dynamics (2015)

2009

27. Asset Prices and Monetary Policy: A New View of the Cost Channel
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (2)
28. Escape Dynamics and Policy Specification
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester
    See also Journal Article in Macroeconomic Dynamics (2013)
29. Expectations, learning and policy rule
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester

2008

30. Learning in a Credit Economy
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester View citations (3)
    See also Journal Article in Journal of Economic Dynamics and Control (2009)
31. Should monetary policy respond to private sector expectations?
    MPRA Paper, University Library of Munich, Germany View citations (3)

2007

32. Beyond the static money multiplier: in search of a dynamic theory of money
    MPRA Paper, University Library of Munich, Germany View citations (1)
    See also Chapter (2007)

2006

33. Heterogeneity and misspecifications in learning
    Economics Discussion Paper Series, Economics, The University of Manchester
    See also Journal Article in Journal of Economic Dynamics and Control (2007)
34. Monetary policy with heterogeneous and misspecified expectations
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester
    Also in Economics Discussion Paper Series, Economics, The University of Manchester (2006)
    See also Journal Article in Journal of Money, Credit and Banking (2009)

Journal Articles

2022

1. Beliefs asymmetry and price stability in a cobweb model
   Journal of Economic Behavior & Organization, 2022, 203, (C), 401-415
   See also Working Paper (2021)
2. Uncertainty and sentiments in asset prices
   Journal of Economic Behavior & Organization, 2022, 202, (C), 498-516 View citations (1)
   See also Working Paper (2020)

2021

3. Discrete beliefs space and equilibrium: a cautionary note
   Journal of Evolutionary Economics, 2021, 31, (2), 505-532
   See also Working Paper (2018)
4. Learning from prices: information aggregation and accumulation in an asset market
   Annals of Finance, 2021, 17, (1), 45-77
   See also Working Paper (2020)

2020

5. A probabilistic interpretation of the constant gain learning algorithm
   Bulletin of Economic Research, 2020, 72, (4), 393-403

2019

6. SMOOTHING-BASED INITIALIZATION FOR LEARNING-TO-FORECAST ALGORITHMS
   Macroeconomic Dynamics, 2019, 23, (3), 1008-1023
   See also Working Paper (2017)

2017

7. Empirical calibration of adaptive learning
   Journal of Economic Behavior & Organization, 2017, 144, (C), 219-237 View citations (14)
   See also Working Paper (2015)
8. On the initialization of adaptive learning in macroeconomic models
   Journal of Economic Dynamics and Control, 2017, 78, (C), 26-53 View citations (3)
   See also Working Paper (2016)

2016

9. Endogenous time-varying risk aversion and asset returns
   Journal of Evolutionary Economics, 2016, 26, (3), 581-601 View citations (1)
   See also Working Paper (2012)

2015

10. Learning and coordination with dispersed information
    Journal of Economic Dynamics and Control, 2015, 58, (C), 19-33 View citations (3)
11. On the fragility of sunspot equilibria under learning and evolutionary dynamics
    Journal of Economic Behavior & Organization, 2015, 112, (C), 251-265 View citations (4)
    See also Working Paper (2013)
12. REAL-TIME, ADAPTIVE LEARNING VIA PARAMETERIZED EXPECTATIONS
    Macroeconomic Dynamics, 2015, 19, (2), 245-269 View citations (4)
    See also Working Paper (2010)
13. Time-varying policy rule under learning
    Economics Letters, 2015, 129, (C), 25-28

2014

14. A note on the representative adaptive learning algorithm
    Economics Letters, 2014, 124, (1), 104-107 View citations (11)
    See also Working Paper (2014)

2013

15. A note on exact correspondences between adaptive learning algorithms and the Kalman filter
    Economics Letters, 2013, 118, (1), 139-142 View citations (18)
    See also Working Paper (2012)
16. ESCAPE DYNAMICS AND POLICY SPECIFICATION
    Macroeconomic Dynamics, 2013, 17, (1), 123-142 View citations (2)
    See also Working Paper (2009)

2012

17. Heterogeneous Learning Dynamics and Speed of Convergence
    Studies in Nonlinear Dynamics & Econometrics, 2012, 16, (4), 1-20
    See also Working Paper (2010)

2011

18. Fundamentalists vs. chartists: Learning and predictor choice dynamics
    Journal of Economic Dynamics and Control, 2011, 35, (5), 776-792 View citations (9)
    See also Working Paper (2011)

2009

19. Heterogeneous expectations, sunspot equilibria and their fragility
    Economics Letters, 2009, 105, (3), 276-279 View citations (7)
20. Learning in a credit economy
    Journal of Economic Dynamics and Control, 2009, 33, (5), 1159-1169 View citations (15)
    See also Working Paper (2008)
21. Monetary Policy with Heterogeneous and Misspecified Expectations
    Journal of Money, Credit and Banking, 2009, 41, (1), 79-100 View citations (15)
    Also in Journal of Money, Credit and Banking, 2009, 41, (1), 79-100 (2009) View citations (2)
    See also Working Paper (2006)

2007

22. Heterogeneity and misspecifications in learning
    Journal of Economic Dynamics and Control, 2007, 31, (10), 3203-3227 View citations (46)
    See also Working Paper (2006)
23. The value of central bank transparency when agents are learning
    European Journal of Political Economy, 2007, 23, (1), 9-29 View citations (35)

Chapters

2015

1. Was Bernanke Right? Targeting Asset Prices Maynotbe a Good Idea After All
   A chapter in Monetary Policy in the Context of the Financial Crisis: New Challenges and Lessons, 2015, vol. 24, pp 451-496 View citations (1)
   See also Working Paper (2011)

2007

2. Beyond the Static Money Multiplier: In Search of a Dynamic Theory of Money
   Springer View citations (1)
   See also Working Paper (2007)