Replication data for: Is There a Trade-Off between Inflation and Output Stabilization?
- Justiniano, Alejandro
- Primiceri, Giorgio E.
- Tambalotti, Andrea
AbstractWe find that the answer is no in an estimated DSGE model of the US economy in which exogenous movements in workers' market power are not a major driver of observed economic fluctuations. If they are, the tension between the conflicting stabilization objectives of monetary policy increases, but with negligible effects on the equilibrium behavior of the economy under optimal policy. (JEL E12, E23, E24, E31, E32, E52)
Is supplement to
DOI: 10.1257/mac.5.2.1 (Text)
Justiniano, Alejandro, Giorgio E Primiceri, and Andrea Tambalotti. “Is There a Trade-Off between Inflation and Output Stabilization?” American Economic Journal: Macroeconomics 5, no. 2 (April 2013): 1–31. https://doi.org/10.1257/mac.5.2.1.
- ID: 10.1257/mac.5.2.1 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13