Is There a Trade-Off between Inflation and Output Stabilization?

36 Pages Posted: 23 May 2011 Last revised: 11 Nov 2013

See all articles by Thomas Juster

Thomas Juster

University of Oxford

Alejandro Justiniano

Federal Reserve Bank of Chicago

Giorgio E. Primiceri

Northwestern University - Department of Economics; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Andrea Tambalotti

Federal Reserve Bank of New York

Multiple version iconThere are 2 versions of this paper

Date Written: May 2011

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.

Suggested Citation

Juster, Thomas and Justiniano, Alejandro and Primiceri, Giorgio E. and Tambalotti, Andrea, Is There a Trade-Off between Inflation and Output Stabilization? (May 2011). NBER Working Paper No. w17071. Available at SSRN: https://ssrn.com/abstract=1848586

Thomas Juster (Contact Author)

University of Oxford

Alejandro Justiniano

Federal Reserve Bank of Chicago ( email )

230 South LaSalle Street
Chicago, IL 60604
United States

Giorgio E. Primiceri

Northwestern University - Department of Economics ( email )

2003 Sheridan Road
Evanston, IL 60208
United States

HOME PAGE: http://faculty.econ.northwestern.edu/faculty/primiceri

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Andrea Tambalotti

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
23
Abstract Views
426
PlumX Metrics