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:	2011-05
Authors:	Primiceri, Giorgio ; Tambalotti, Andrea ; Justiniano, Alejandro
Institutions:	National Bureau of Economic Research (NBER)

More details

Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	EFG ME 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. Number 17071
Classification:	E30 - Prices, Business Fluctuations, and Cycles. General ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009021951