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

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.

MoreLess

Year of publication:	2011
Authors:	Primiceri, Giorgio ; Tambalotti, Andrea ; Justiniano, Alejandro
Institutions:	Society for Economic Dynamics - SED

More details

Extent:	application/pdf
Series:	2011 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2011 SED Meeting Papers Number 280
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011081491