Sacrifice ratios and the income distribution: Stylized facts for OECD countries

ECONOMICS LETTERS
DOI: 
https://doi.org/10.1016/j.econlet.2023.111329
Publicado: 
Authors:
Laura Acevedoa,
Marc Hofstettere
Descargar documento

Lo más reciente

Documentos de Trabajo Sobre Economía Regional y Urbana - Impacto de los cierres en la vía al llano sobre los precios de los alimentos en Colombia
Jhorland Ayala-García, Yesica Tatiana Lara-Silva, Alejandro Alberto Vargas-Villamil, Lina Romero-Chaparro
Impacto macroeconómico y fiscal del cambio demográfico
Jesús Alonso Botero-García, Ligia Alba Melo-Becerra, Cristian Castrillón Gaviria, Daniela Gallo
Uncertainty and monetary policy: the case of the Central Bank of Colombia
Hernando Vargas-Herrera

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%.