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http://hdl.handle.net/10071/10064
acessibilidade
Title: Rational thinking under costly information: macroeconomic implications
Authors: Gomes, O.
Keywords: Expectations
Information acquisition
Inflation dynamics
Rationality
Endogenous fluctuations
Stability
Issue Date: 2012
Publisher: Elsevier
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.
Description: WOS:000304637100029 (Nº de Acesso Web of Science)
Peer reviewed: Sim
URI: https://ciencia.iscte-iul.pt/public/pub/id/22710
http://hdl.handle.net/10071/10064
ISSN: 0165-1765
Publisher version: The definitive version is available at: http://dx.doi.org/10.1016/j.econlet.2011.12.102
Appears in Collections:BRU-RI - Artigo em revista científica internacional com arbitragem científica

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