Durai, S. Raja Sethu; Ramachandran, M. - In: Macroeconomics and Finance in Emerging Market Economies 6 (2013) 1, pp. 77-87
This paper makes an attempt to measure sacrifice ratios for the farm and non-farm sector as disinflation policy is believed to have differential impact on these sectors. Using the non-parametric approach of Ball (1994), five disinflation episodes are identified for India over the period from...