Rational thinking under costly information: macroeconomic implications

Utilize este identificador para referenciar este registo: http://hdl.handle.net/10071/10064

Autoria:	Gomes, O.
Data:	2012
Título próprio:	Rational thinking under costly information: macroeconomic implications
Volume:	115
Número:	3
Paginação:	427-430
ISSN:	0165-1765
Palavras-chave:	Expectations Information acquisition Inflation dynamics Rationality Endogenous fluctuations Stability
Resumo:	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.
Arbitragem científica:	Sim
Acesso:	Acesso Embargado
Aparece nas coleções:	BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica