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Analysis Of The Impact Of Inflation Reduction On Output ...Openness Increases The Sacrifice Ratio (Daniels & VanHoose, 2007). But With Respect To Capital Mobility, It Is The View Of Celasun (2005) That Disinflation Is Likely To Entail Larger Output Losses In Countries With More Open Capital Accounts. This Suggests That The Higher Expected Costs Of Disinflation In The Context Of Higher Jan 5th, 2024
