What determines the sacrifice ratio? A quantile regression approach

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.

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Year of publication:	2013-07-16
Authors:	Chevapatrakul, Thanaset ; Paez-farrell, Juan
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 33.2013, 3, p. 1863-1874
Publisher:	AccessEcon
Subject:	Sacrifice ratio \| quantile regression \| OECD \| asymmetries

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Extent:	application/pdf
Type of publication:	Article
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit
Source:	RePEc - Research Papers in Economics

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