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CECCHETIRICH_JBES2001: RATS program to replicate Ceccheti and Rich(2001) estimates of the sacrifice ratio

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  • Tom Doan

    (Estima)

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Abstract

Replication files for Cecchetti and Rich(2001), "Structural Estimates of the U.S. Sacrifice Ratio", JBES, vol. 19, no 4, 416-427. This examines three different small structural VAR's of the US economy and uses them to estimate the "sacrifice ratio" of GDP lost to disinflation. Using bootstrapping, it shows that the sacrifice ratio is poorly estimated when uncertainty in the VAR is taken into account.

Suggested Citation

  • Tom Doan, 2025. "CECCHETIRICH_JBES2001: RATS program to replicate Ceccheti and Rich(2001) estimates of the sacrifice ratio," Statistical Software Components RTZ00195, Boston College Department of Economics.
    • Handle: RePEc:boc:bocode:rtz00195
    Note: RPF and SRC files are plain text. See https://estima.com/ratsfiletypes.shtml
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    File URL: https://estima.com/procedures/cecchetirich_jbes2001.zip
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