What determines the sacrifice ratio?
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What determines the sacrifice ratio? by Laurence Ball

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Published by Federal Reserve Bank of Philadelphia, Economic Research Division in Philadelphia .
Written in English


Book details:

Edition Notes

StatementLaurence Ball.
SeriesEconomic research working paper series / Federal Reserve Bank of Philadelphia, Economic Research Division -- no.21, Economic research working paper (Federal Reserve Bank of Philadelphia, Economic Research Division) -- no.21.
ID Numbers
Open LibraryOL13975281M

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What Determines the Sacrifice Ratio? Laurence Ball. Chapter in NBER book Monetary Policy (), N. Gregory Mankiw, editor (p. - ) Conference held January , Published in January by The University of Chicago Press. Get this from a library! What Determines the Sacrifice Ratio?. [Laurence M Ball] -- This paper investigates the determinants of the "sacrifice ratio" for disinflation: the ratio of the loss in output to the fall in trend inflation. I develop a method for estimating the sacrifice. Get this from a library! What determines the sacrifice ratio?. [Laurence M Ball; National Bureau of Economic Research.] -- Abstract: This paper investigates the determinants of the "sacrifice ratio" for disinflation: the ratio of the loss in output to the fall in trend inflation. I develop a method for estimating the. Note: Citations are based on reference standards. However, formatting rules can vary widely between applications and fields of interest or study. The specific requirements or preferences of your reviewing publisher, classroom teacher, institution or organization should be applied.

What Determines the Sacrifice Ratio? makes no sense to study the case in which inflation is stationary in levels. If one were to assume that T, were mean-reverting, then by assumption no shock is capable of reducing inflation, and the denominator of S, would always tend toward zero. Downloadable! This paper investigates the determinants of the "sacrifice ratio" for disinflation: the ratio of the loss in output to the fall in trend inflation. I develop a method for estimating the sacrifice ratio in individual disinflation episodes, and apply it to 65 episodes in moderate-inflation OECD countries. In this sample. the sacrifice ratio is decreasing in the speed of. This paper investigates the determinants of the "sacrifice ratio" for disinflation: the ratio of the loss in output to the fall in trend inflation. I develop a method for estimating the sacrifice ratio in individual disinflation episodes, and apply it to 65 episodes in moderate-inflation OECD countries. In this sample. the sacrifice ratio is decreasing in the speed of disinflation: cold turkey. In addition, as there is a positive correlation between inflation persistence and the sacrifice ratio, we conclude that central bank independence, through its influence on inflation persistence.

Downloadable! This paper investigates the determinants of the sacrifice ratio in the OECD economies using a quantile regression framework. We show that the relationship is characterised by asymmetries that standard approaches are unable to capture. Nov 18,  · value is determined by sacrifice. Where there is no sacrifice, there is no value. Self-esteem doesn't determine everything. Some people think that bring too much to table (but only they think so). 1 Peter VALUE IS DETERMINED BY SACRIFICE. redeem has nothing to do with theology, it has everything to do with purpose. We. Downloadable (with restrictions)! This paper measures sacrifice ratios for all countries in the world over an approximately forty year time period, in addition to exploring the determinants of worldwide sacrifice ratios. We test the most commonly-cited determinants: the speed of disinflation, openness, inflation targeting, central bank independence, and political factors for both OECD and non. The existing body of research that measures the sacrifice ratio and the determinants of the sacrifice ratio has crucially identified several disinflation episodes across many different countries Author: Sandeep Mazumder.