Badinger, Harald; Nindl, Elisabeth - In: Economics Bulletin 32 (2012) 1, pp. 421-428
This paper revisits the effect of globalization on the output-inflation trade-off, using a new data set of 1114 sacrifice and benefice ratios for a large cross-section of 118 countries over the time period 1966−2007, which is calculated following the approach of Jordan (1997). In line with...