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Discussion Paper Details

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

Author(s): Alejandro Justiniano, Giorgio E Primiceri and Andrea Tambalotti

Publication Date: June 2011

Keyword(s): optimal policy, output gap and potential output

Programme Area(s): International Macroeconomics

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.

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Bibliographic Reference

Justiniano, A, Primiceri, G and Tambalotti, A. 2011. 'Is there a trade-off between inflation and output stabilization?'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=8407