TY  - JOUR
AU  - Justiniano,Alejandro
AU  - Primiceri,Giorgio E.
AU  - Tambalotti,Andrea
TI  - Is there a trade-off between inflation and output stabilization?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 17071
PY  - 2011
Y2  - May 2011
UR  - http://www.nber.org/papers/w17071
L1  - http://www.nber.org/papers/w17071.pdf
N1  - Author contact info:
Alejandro Justiniano
Economic Research Department
Federal Reserve Bank of Chicago
230 S. LaSalle Street
Chicago, IL 60604
Tel: 312/322-5900
E-Mail: ajustiniano@frbchi.org

Giorgio Primiceri
Department of Economics
Northwestern University
318 Andersen Hall
2001 Sheridan Road
Evanston, IL 60208-2600
Tel: 847/491-5395
Fax: 847/491-7001
E-Mail: g-primiceri@northwestern.edu

Andrea Tambalotti
Federal Reserve Bank of New York
33 Liberty Street, 3rd Floor
New York, NY  10045
E-Mail: a.tambalotti@gmail.com
AB  - 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.
ER  -