Lima, Gilberto Tadeu; Silveira, Jaylson Jair da - Departamento de Economia, Faculdade de Economia, … - 2013
We provide evolutionary game-theoretic microfoundations to a dynamic complete nominal adjustment in response to a monetary shock. To this end, we develop an approach based on a new analytical notion to which we refer as boundedly rational inattentiveness. We investigate the behavior of the price...