Sacrifice ratios and the income distribution: Stylized facts for OECD countries
研究了OECD国家反通胀对不同收入群体的产出损失(牺牲率),发现收入分布两端的平均产出损失远高于中间,顶部1%的损失是中间的2.7倍。
This paper examines the distributional consequences of disinflation by estimating sacrifice ratios (percentage output losses relative to the change in inflation) for different income quintiles and the top 1% of the income distribution. We find that at the tails of the distribution the average percentage output losses are considerably higher than at the center: 1.7 times greater at the left tail, 2.7 times greater at the top 1%.