Attentiveness cycles: synchronized behavior and aggregate fluctuations
A sticky-information macroeconomic model is developed in order to analyze the behavior of the time trajectories of the inflation rate and of the output gap, when disturbed by eventual monetary policy shocks. In opposition to what is typical in the literature on this subject, different paces on infor...
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| Format: | Article |
| Language: | English |
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Fundação Getúlio Vargas
2012-09-01
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| Series: | Revista Brasileira de Economia |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402012000300001&lng=en&tlng=en |