Replication data for: Is There a Trade-Off between Inflation and Output Stabilization?
Principal Investigator(s): View help for Principal Investigator(s) Alejandro Justiniano; Giorgio E. Primiceri; Andrea Tambalotti
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| ReplicationJPTgap_March13 | 10/12/2019 09:43:PM | ||
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text/plain | 14.6 KB | 10/12/2019 05:43:PM |
Project Citation:
Justiniano, Alejandro, Primiceri, Giorgio E., and Tambalotti, Andrea. Replication data for: Is There a Trade-Off between Inflation and Output Stabilization? Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114268V1
Project Description
Summary:
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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)
Scope of Project
JEL Classification:
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E12 General Aggregative Models: Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
E23 Macroeconomics: Production
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E31 Price Level; Inflation; Deflation
E32 Business Fluctuations; Cycles
E52 Monetary Policy
E12 General Aggregative Models: Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
E23 Macroeconomics: Production
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E31 Price Level; Inflation; Deflation
E32 Business Fluctuations; Cycles
E52 Monetary Policy
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