The costs and benefits of disinflation: a critique of the sacrifice ration

David Mayes and Bryan Chapple
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Bryan Chapple: Reserve Bank of New Zealand

Reserve Bank of New Zealand Bulletin, 1995, vol. 58, No 1

Abstract: This article discusses the method of measuring the costs of disinflation - sacrifice ratios and points out some of the limitations of that approach

Date: 1995
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