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

Alejandro Justiniano, Giorgio Primiceri and Andrea Tambalotti

No 17071, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: E30 E52 (search for similar items in EconPapers)
Date: 2011-05
New Economics Papers: this item is included in nep-cba, nep-dge and nep-mac
Note: EFG ME
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Citations: View citations in EconPapers (24)

Published as Alejandro Justiniano & Giorgio E. Primiceri & Andrea Tambalotti, 2013. "Is There a Trade-Off between Inflation and Output Stabilization?," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(2), pages 1-31, April.

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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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