Document Type : Research Paper

Authors

1 Assistant professor, Institute for Humanities and Cultural Studies, Tehran.

2 MA Student in Economics,Institute for Humanities and Cultural Studies, Tehran

Abstract

This paper investigates some determinants of disinflation costs (sacrifice ratio) in some developing countries. The ratio is calculated by a SVAR model using annual data during 1985-2008 for 40 developing countries. The results show the ratio is decreasing in the status of high levels of initial inflation and central bank independence. Also, the openness of economy and capital mobility has positive effects on the ratio.

Keywords

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