Rational thinking under costly information-macroeconomic implications

DOI10.1016/J.ECONLET.2011.12.102MaRDI QIDQ1925649zbMATH OpenOpenAlexFDO

Authors Orlando Gomes

Publication date 18 December 2012

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2011.12.102

zbMATH Keywords

stabilityrationalityinformation acquisitionexpectationsendogenous fluctuationsinflation dynamics

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• A consistent route to randomness
• Chaotic learning equilibria
• Learning equilibria
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve

Cited in

(1)

• Inventories, rational expectations and economic activities

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