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New classical macroeconomics / Economic theories / Dynamic stochastic general equilibrium / Potential output / Keynesian economics / General equilibrium theory / Supply and demand / Labour economics / Business cycle / Economics / Macroeconomics / New Keynesian economics


POTENTIAL AND NATURAL OUTPUT ALEJANDRO JUSTINIANO AND GIORGIO E. PRIMICERI Abstract. We estimate a DSGE model with imperfectly competitive products and labor markets, and sticky prices and wages. We use the model to back
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Document Date: 2012-10-07 20:36:01


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Country

United States / /

IndustryTerm

marginal product / model solution / non-stationary technology process / /

Organization

US Federal Reserve / Federal Reserve Bank of Chicago / /

Person

GIORGIO E. PRIMICERI / ALEJANDRO JUSTINIANO / Bt / /

Position

baseline model of the U.S. / Rt / /

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