successfully accounts for the main stylized facts in terms of recessionary effects and sacrifice ratio. We complement the …

both pass through and openness can interact to influence the sacrifice ratio, and we empirically explore the nature of the … interplay between the two variables as factors influencing the sacrifice ratio. Our results indicate that a greater extent of … pass through depresses the sacrifice ratio and that once the extent of pass through is taken into account alongside other …

This paper analyses the impact of the disinflation policy timing on the sign and the magnitude of the sacrifice ratio …

In this paper, we seek to evaluate the sacrifice ratio of the euro area using a small DSGE model where prices and wages … a set of variables. The estimated value of the sacrifice ratio reaches 1.30%. In a second step, we proceed to a set of … conterfactual exercises in order to highlight the link between the sacrifice ratio and the degree of prices and wages stickiness. We …

supports the hypothesis that greater imported commodity intensity in production increases the sacrifice ratio. Econometrically … controlling for imported commodity intensity also doubles the explanatory power of openness in determining the sacrifice ratio, as …

area over the period 1972-2003. Estimates of the sacrifice ratio, defined as the cumulative output cost arising from … damaging. Second, we cannot provide evidence of any reduction in European sacrifice ratio dispersion, which would suggest that …-period rolling estimates lead to two main conclusions. First, empirical evidence displays a recent increase in the average sacrifice …

area over the period 1972-2003. Estimates of the sacrifice ratio, defined as the cumulative output cost arising from … damaging. Second, we cannot provide evidence of any reduction in European sacrifice ratio dispersion, which would suggest that …-period rolling estimates lead to two main conclusions. First, empirical evidence displays a recent increase in the average sacrifice …

area over the period 1972-2003. Estimates of the sacrifice ratio, defined as the cumulative output cost arising from … damaging. Secondly, we can't provide evidence of any reduction in European sacrifice ratio dispersion, which would suggest that …-year-period rolling estimates lead to two main conclusions. Firstly empirical evidence displays a recent increase in the average sacrifice …