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Learning to Forecast the Hard Way—Evidence from German Reunification

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NBER2013-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19209
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资源简介:
Do firms learn to forecast future business conditions after structural changes to the economy? How long does it take? We exploit German Reunification as a natural experiment, where Eastern are treated with ignorance about the distribution of market states, to test Bayesian learning. As predicted,
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美国国家经济研究局
创建时间:
2013-07-01
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