Is there a trade-off between inflation and output stabilization?

Giorgio Primiceri, Andrea Tambalotti and Alejandro Justiniano

No 280, 2011 Meeting Papers from Society for Economic Dynamics

Abstract: Not in an estimated DSGE model of the US economy, once we account for the fact that most of the high-frequency volatility in wages appears to be due to noise, rather than to variation in workers' preferences or market power.

Date: 2011
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Related works:
Journal Article: Is There a Trade-Off between Inflation and Output Stabilization? (2013)
Working Paper: Is there a trade-off between inflation and output stabilization? (2011)
Working Paper: Is there a trade-off between inflation and output stabilization? (2011)
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