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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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File Size: 370,22 KB
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Country
United States /
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IndustryTerm
marginal product /
model solution /
non-stationary technology process /
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Organization
US Federal Reserve /
Federal Reserve Bank of Chicago /
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Person
GIORGIO E. PRIMICERI /
ALEJANDRO JUSTINIANO /
Bt /
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Position
baseline model of the U.S. /
Rt /
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SocialTag
New classical macroeconomics
Economic theories
Dynamic stochastic general equilibrium
Potential output
Keynesian economics
General equilibrium theory
Supply and demand
Labour economics
Business cycle
Economics