Yun, Tack; Kim, Jinsook; Ko, Eunmi - Volkswirtschaftliche Fakultät, … - 2012
structure models. We indentify a set of sufficient conditions to generate the observational equivalence between affine term-structure … bounded rationality by incorporating either information-processing constraint or fear for mis-specification into affine term … models with rational inattention and a fear for model misspecification. The presence of bounded rationality creates a new …