Rational thinking under costly information-macroeconomic implications

DOI10.1016/J.ECONLET.2011.12.102zbMATH Open1253.91122OpenAlexW2032194340MaRDI QIDQ1925649FDOQ1925649

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

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zbMATH Keywords

stabilityrationalityinformation acquisitionexpectationsendogenous fluctuationsinflation dynamics

Mathematics Subject Classification ID

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

Cites Work

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

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