Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/28327 
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dc.contributor.authorAscari, Guidoen
dc.contributor.authorRopele, Tizianoen
dc.date.accessioned2009-04-23-
dc.date.accessioned2009-10-18T16:26:34Z-
dc.date.available2009-10-18T16:26:34Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1499en
dc.subject.jelE31en
dc.subject.jelE5en
dc.subject.ddc330en
dc.subject.keywordDisinflationen
dc.subject.keywordSacrifice ratioen
dc.subject.keywordNon-linearitiesen
dc.subject.stwInflationsbekämpfungen
dc.subject.stwGeldpolitiken
dc.subject.stwWohlfahrtseffekten
dc.subject.stwKonjunkturtheorieen
dc.subject.stwDynamisches Gleichgewichten
dc.subject.stwTheorieen
dc.titleDisinflation in a DSGE perspective: sacrifice ratio or welfare gain ratio?-
dc.typeWorking Paperen
dc.identifier.ppn598206973en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1499en

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