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dc.contributor.authorAscari, Guidoen_US
dc.contributor.authorRopele, Tizianoen_US
dc.date.accessioned2009-04-23en_US
dc.date.accessioned2009-10-18T16:26:34Z-
dc.date.available2009-10-18T16:26:34Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/28327-
dc.description.abstractWhen taken to examine disinflation monetary policies, the current workhorse DSGE model of business cycle fluctuations successfully accounts for the main stylized facts in terms of recessionary effects and sacrifice ratio. We complement the transitional analysis of the short-run costs with a rigorous welfare evaluation and show that, despite the long-lasting economic downturn, disinflation entails non-zero overall welfare gains.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel working paper 1499en_US
dc.subject.jelE31en_US
dc.subject.jelE5en_US
dc.subject.ddc330en_US
dc.subject.keywordDisinflationen_US
dc.subject.keywordSacrifice ratioen_US
dc.subject.keywordNon-linearitiesen_US
dc.subject.stwInflationsbekämpfungen_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwKonjunkturtheorieen_US
dc.subject.stwDynamisches Gleichgewichten_US
dc.subject.stwTheorieen_US
dc.titleDisinflation in a DSGE perspective: sacrifice ratio or welfare gain ratio?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn598206973en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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