Disinflation in a DSGE perspective: Sacrifice ratio or welfare gain ratio?

Impact of Imf Programme on Sacrifice Ratio in Pakistan

Submitted: May 21, 2013; Accepted: Jun 30, 2013; Published: Jul 20, 2013 Abstract: This study examines the impact of IMF programs on the inflation output trade off by using the time series data of Pakistan from the period 1973 to 2010. Results of cointegration approach found the long run relationship among variables. Moreover, results of binary logistic regression model shows that IMF loans do ...

Inflation History and the Sacrifice Ratio: Episode-specific Evidence

Focal Ratio Degradation: A new perspective

We have developed an alternative FRD empirical model for the parallel laser beam technique which can accommodate contributions from both scattering and modal diffusion. It is consistent with scattering inducing a Lorentzian contribution and modal diffusion inducing a Gaussian contribution. The convolution of these two functions produces a Voigt function which is shown to better simulate the obs...

The Best Gain-Loss Ratio is a Poor Performance Measure

The gain-loss ratio is known to enjoy very good properties from a normative point of view. As a confirmation, we show that the best market gain-loss ratio in the presence of a random endowment is an acceptability index, and we provide its dual representation for general probability spaces. However, the gain-loss ratio was designed for finite Ω and works best in that case. For general Ω and in m...

Ratio Ratio

In this paper we describe block algorithms for the reduction of a real symmetric matrix to tridiagonal form and for the reduction of a general real matrix to either bidiagonal or Hessenberg form using Householder transformations. The approach is to aggregate the transformations and to apply them in a blocked fashion, thus achieving algorithms that are rich in matrix-matrix operations. These red...