Silveira, Jaylson Jair da; Lima, Gilberto Tadeu - Departamento de Economia, Faculdade de Economia, … - 2014
Drawing on a considerable empirical and experimental literature that finds persistent and endogenously time-varying heterogeneity in inflation expectations, this paper embeds two inflation forecasting strategies – one based on costly full rationality or perfect foresight, the second based on...