Divine coincidence
id:
divine-coincidence-319-13430331
title:
Divine coincidence
text:
In economics, divine coincidence refers to the property of New Keynesian models that there is no trade-off between the stabilization of inflation and the stabilization of the welfare-relevant output gap for central banks. This property is attributed to a feature of the model, namely the absence of real imperfections such as real wage rigidities. Conversely, if New Keynesian models are extended to account for these real imperfections, divine coincidence disappears and central banks again face a t
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Divine_coincidence
date created:
date modified:
2023-12-30T13:36:53Z
main entity:
{"identifier":"Q17010881","url":"https://www.wikidata.org/entity/Q17010881"}
image:
fields total:
13
integrity:
13