The sacrifice ratio for the euro area is estimated by means of a structural macroeconomic model. This model is used to … gauge the impact of wage stickiness on the sacrifice ratio. …

“sacrifice ratio”. In France, wage changes are fairly frequent but largely predetermined, which creates rigidity; by contrast …

In this paper, we seek to estimate 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 … counterfactual exercises in order to highlight the link between the sacrifice ratio and the degree of prices and wages stickiness. We …

variations in both trade openness and capital mobility can influence the sacrifice ratio. Key predictions forthcoming from the …

the effect of openness on the sacrifice ratio. We develop a simple theoretical model showing how the extent of both pass … these two variables and their interaction. Results indicate that greater pass through increases the sacrifice ratio, that … taken into account alongside other factors that affect the sacrifice ratio, such as central bank independence—openness fails …

Estimation of the costs of disinflation policy is usually done using the sacrifice ratio (SR) coefficient. This paper …