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http://hdl.handle.net/10071/10064| Author(s): | Gomes, O. |
| Date: | 2012 |
| Title: | Rational thinking under costly information: macroeconomic implications |
| Volume: | 115 |
| Number: | 3 |
| Pages: | 427-430 |
| ISSN: | 0165-1765 |
| Keywords: | Expectations Information acquisition Inflation dynamics Rationality Endogenous fluctuations Stability |
| Abstract: | The notion of optimized rational behavior in the formation of expectations is used in this note to study the dynamics of a simple macroeconomic model. In a setting where departures from stability are not possible under perfect foresight, the selection of an optimal degree of rationality may lead to the generation of long-term endogenous fluctuations. |
| Peerreviewed: | Sim |
| Access type: | Embargoed Access |
| Appears in Collections: | BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| publisher_version_Economic_letters.pdf Restricted Access | 312,06 kB | Adobe PDF | View/Open Request a copy |
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