Badinger, Harald; Nindl, Elisabeth - In: Economics Bulletin 32 (2012) 1, pp. 421-428
sacrifice and benefice ratios for a large cross-section of 118 countries over the time period 1966−2007, which is calculated …)inflations, effected over a short period, starting from high levels of inflation are associated with smaller sacrifice and benefice ratios …. Globalization in terms of financial and trade openness has increased sacrifice and benefice ratios, with financial openness …