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Thanaset Chevapatrakul and Juan Paez-farrell
''What determines the sacrifice ratio? A quantile regression approach''
( 2013, Vol. 33 No.3 )
This paper investigates the determinants of the sacrifice ratio in the OECD economies using a quantile regression framework. We show that the relationship is characterised by asymmetries that standard approaches are unable to capture.
Keywords: Sacrifice ratio, quantile regression, OECD, asymmetries
JEL: E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit: General
Manuscript Received : Jul 01 2013 Manuscript Accepted : Jul 16 2013

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