What Determines the Sacrifice Ratio?
Published Date
Copyright 1994
ISBN 0226503089
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Copy CitationLaurence Ball, Monetary Policy (The University of Chicago Press, 1994), chap. 5, https://www.nber.org/books-and-chapters/monetary-policy/what-determines-sacrifice-ratio.
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Working Paper
This paper investigates the determinants of the "sacrifice ratio" for disinflation: the ratio of the loss in output to...