What Determines the Sacrifice Ratio?
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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
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美国国家经济研究局创建时间：
1993-03-01
