Inflation Targeting Matters: Evidence from OECD Economies` Sacrifice Ratios

Using data from OECD economies, we show that inflation targeters suffered smaller output losses during disinflations when compared to nontargeters. We also study why some countries choose to inflation target while others do not and find that higher average inflation and smaller debt levels render the adoption of the regime more likely. Applying Heckman`s procedure to control for selection bias does not alter the link between inflation targeting and less costly disinflations.

Le sacrifice de Abraham a huyt personnaiges, cestassavoir Dieu, Misericorde, Raphael, Abraham, Sarra, Isaac, Ismael et Eliezer : Nouvellement corrigé, et augmenté et joue devant le Roy en lhostel de Flandres a Paris, et depuis a Lyon. L an Mil. D.XXXIX

[Mystère du sacrifice d'Abraham (français moyen). 1539]

Why Would the Deuteronomists Tell about the Sacrifice of Jephtah's Daughter?

It is commonly assumed that the story of Jephthah's vow refers to an 'old tradition' that was integrated into the Deuteronomistic History. But such a view is contrary to Dtr ideology which is absolutely hostile to any human sacrifice (2 Kgs 16.3; 17.17, 31; 21.6 etc.). A literary-critical approach to Judges 11 shows that vv. 30-31 [32] and 34-40 may be considered as post-Dtr. The author of Judg. 11.30-40 seems to know the story of the Aqedah, but he is not willing to make a happy ending. There is a tragic dimension in the story and quite an Hellenistic atmosphere (the best parallels to Judg. 11.30-40 may be fou Hellenistic nd in texts). So this text should be considered an insertion from the end of the Persian or beginning of the Hellenistic periods. The author tends to show that Jewish classics can be as tragic as Greek ones.