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Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have a limited amount of attention and have to decide how to...
Persistent link: https://www.econbiz.de/10009395648
This paper investigates the expectations formation process of economic agents about inflation rate. Using the Market … Expectations System of Central Bank of Brazil, we perceive that agents do not update their forecasts every period and that even …
Persistent link: https://www.econbiz.de/10011858475
This paper investigates the expectations formation process of economic agents about inflation rate. Using the Market … Expectations System of Central Bank of Brazil, we perceive that agents do not update their forecasts every period and that even …
Persistent link: https://www.econbiz.de/10011866280
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