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• W2110291586 abstract "A medium‐scale macroeconomic model, with a number of nominal and real frictions that have been shown to be important for explaining observed aggregate fluctuations, is capable to quantitatively account for the empirically estimated sacrifice ratio after a disinflationary monetary policy. This finding, however, is sensitive to the degrees of price and wage indexation to past inflation and, to a less extent, to the price and wage Calvo probabilities." @default.
• W2110291586 created "2016-06-24" @default.
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• W2110291586 date "2012-03-01" @default.
• W2110291586 modified "2023-10-03" @default.
• W2110291586 title "Sacrifice Ratio in a Medium‐Scale New Keynesian Model" @default.
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• W2110291586 doi "https://doi.org/10.1111/j.1538-4616.2011.00495.x" @default.
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