Rational thinking under costly information: macroeconomic implications

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dc.contributor.authorGomes, O.
dc.date.accessioned2015-11-02T16:15:52Z
dc.date.available2015-11-02T16:15:52Z
dc.date.issued2012
dc.date.updated2015-11-02T16:14:36Z
dc.descriptionWOS:000304637100029 (Nº de Acesso Web of Science)
dc.description.abstractThe 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.por
dc.distributionInternacionalpor
dc.identifier.issn0165-1765por
dc.identifier.urihttps://ciencia.iscte-iul.pt/public/pub/id/22710
dc.identifier.urihttp://hdl.handle.net/10071/10064
dc.journalEconomics Letterspor
dc.language.isoengpor
dc.number3por
dc.pagination427-430por
dc.peerreviewedSimpor
dc.publicationstatusPublicadopor
dc.publisherElsevierpor
dc.relation.publisherversionThe definitive version is available at: http://dx.doi.org/10.1016/j.econlet.2011.12.102por
dc.rightsembargoed accesspor
dc.subjectExpectationspor
dc.subjectInformation acquisitionpor
dc.subjectInflation dynamicspor
dc.subjectRationalitypor
dc.subjectEndogenous fluctuationspor
dc.subjectStabilitypor
dc.titleRational thinking under costly information: macroeconomic implicationspor
dc.typearticleen_US
dc.volume115por
degois.publication.firstPage427por
degois.publication.issue3por
degois.publication.lastPage430por
degois.publication.titleEconomics Letterspor
dspace.entity.typePublicationen

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