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Laurence Ball, N. Gregory Mankiw, David Romer, George A. Akerlof, Andrew Rose, Janet Yellen, Christopher A. Sims, The New Keynesian Economics and the Output-Inflation Trade-Off, Brookings Papers on Economic Activity, Vol. 1988, No. 1 (1988), pp. 1-82
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Ball et al. (1988) studied this question.
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