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Learning by Doing with Asymmetric Information: Evidence from Prosper
Prosper；Asymmetric Information
2015/9/21
Using peer-to-peer (P2P) lending as an example, we show that learning by doing plays an
important role in alleviating the information asymmetry between market players. Although
the P2P platform (Pro...
Monetary Policy in a Low Inflation Economy with Learning
monetary policies inflation rate nominal interest rates inflation target
2011/8/21
In theory, monetary policies that target the price level, as opposed to the inflation rate, should be highly effective at stabilizing the economy and avoiding deflation in the presence of the zero low...
The recent crisis and the following flight to simplicity put most derivative businesses
around the world under considerable pressure. We argue that the traditional mod-
eling techniques must be exte...