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Export Reference (APA)
Gomes, O. (2012). Rational thinking under costly information: macroeconomic implications. Economics Letters. 115 (3), 427-430
Export Reference (IEEE)
O. M. Gomes,  "Rational thinking under costly information: macroeconomic implications", in Economics Letters, vol. 115, no. 3, pp. 427-430, 2012
Export BibTeX
@article{gomes2012_1715943812068,
	author = "Gomes, O.",
	title = "Rational thinking under costly information: macroeconomic implications",
	journal = "Economics Letters",
	year = "2012",
	volume = "115",
	number = "3",
	doi = "10.1016/j.econlet.2011.12.102",
	pages = "427-430",
	url = "http://www.sciencedirect.com/science/article/pii/S0165176511006252"
}
Export RIS
TY  - JOUR
TI  - Rational thinking under costly information: macroeconomic implications
T2  - Economics Letters
VL  - 115
IS  - 3
AU  - Gomes, O.
PY  - 2012
SP  - 427-430
SN  - 0165-1765
DO  - 10.1016/j.econlet.2011.12.102
UR  - http://www.sciencedirect.com/science/article/pii/S0165176511006252
AB  - 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.
ER  -