Is there a trade-off between inflation and output stabilization?

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The science of monetary policy: an imperfect knowledge perspective (2018, unknown): “This property, which is manifest in substantially more complex models used for policy evaluation see, for example, Justiniano, Primiceri, and Tambalotti (2013) has been called Divine Coincidence see Blanchard and Galí (2007) and Clarida, Gali, and Gertler (1999).”
Has U.S. Monetary Policy Tracked the Efficient Interest Rate (2014, unknown): “Within this framework, we define production31 potential as the efficient level of aggregate output yet , as in Justiniano et al. (2013) for instance, so that the32 equilibrium real rate that “would keep the economy at its production potential” is the efficient rate of return33 ret .”
Forward Guidance and Macroeconomic Outcomes since the Financial Crisis (2016, background): “First, as made clear by Justiniano et al. (2013), doing so in principle reduces the role of markup shocks in explaining cyclical fluctuations.”