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 ...

This paper investigates the expectations formation process of economic agents about infl ation rate. Using the Market Expectations System of Central Bank of Brazil, we perceive that agents do not update their forecasts ...

“Rational inattention” is becoming increasingly prominent in economic modelling, but there is little empirical evidence for its central premise–that the choice of attention results from a cost-benefit optimization. ...

This paper investigates the expectations formation process of economic agents about inflation rate. Using the Market Expec-tations System of Central Bank of Brazil, we perceive that agents do not update their forecasts ...

How do firms acquire knowledge to maximize expected profits? In realistic market conditions, firms try to find out their demand facing imperfect information. There are two learning strategies through which firms can improve ...

Esta tese consiste em três artigos independentes em macroeconometria. No primeiro artigo, nós propomos um modelo de rational-inattention, a fim de se analisar e estimar o comportamento de forecasters profissionais do Focus ...

We study a persuasion problem in which the principal chooses how costly it will be for the agent to obtain and process new information. Obfuscation or transparency will be endogenous to the decision problem at hand. ...

This thesis studies price-setting models and analyzes their macroeconomic im- plications. In the rst two chapters I study general models in which rms pricing decisions are a¤ected by menu costs and information costs. In ...