; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Shocks, Learning, and Persistence"; ; "batchuser@example.com"; "Bryant, John B."; "Federal Reserve Bank of Minneapolis"; "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."^^; "1980-05"; "2019-10-21T22:29:59.652889313+00:00"^^; "https://doi.org/10.21034/sr.50"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "2020-10-01T21:15:12.04893902+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "102"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "050"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; """Published in: _Economics Letters_ (Vol. 6, No. 4, 1980, pp. 315-320) https://doi.org/10.1016/0165-1765(80)90003-8. An earlier version of this Staff Report circulated as [Working Paper 134](https://researchdatabase.minneapolisfed.org/concern/publications/pg15bd90t?locale=en)."""^^; ; "Publication" . ; .