Quotation Badinger, Harald, Nindl, Elisabeth. 2012. Sacrifice Ratios, Benefice Ratios, and Globalization: Evidence from a New Set of Estimates. Economics Bulletin 32 (1): 421-428.


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Abstract

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 previous studies our estimates suggest that larger (dis)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 superseding the role of trade openness in importance since the 1990s.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Economics Bulletin
Language English
Title Sacrifice Ratios, Benefice Ratios, and Globalization: Evidence from a New Set of Estimates
Volume 32
Number 1
Year 2012
Page from 421
Page to 428
Reviewed? Y
URL http://www.accessecon.com/Pubs/EB/2012/Volume32/EB-12-V32-I1-P38.pdf

Associations

People
Badinger, Harald (Details)
Nindl, Elisabeth (Former researcher)
Organization
Institute for International Economics IN (Details)
Research Institute for European Affairs FI (Details)
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