Replication data for: Is There a Trade-Off between Inflation and Output Stabilization?
收藏ICPSR2013-01-01 更新2026-04-16 收录
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We 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)
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2013-01-01
