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Inflation, its volatility and the inflation-growth tradeoff in India

Jha, Raghbendra; Kulkarni, Varsha S

Description

Purpose – The purpose of this paper is to amend the New Keynesian Phillips Curve (NKPC) model to include inflation volatility. It provides results on the determinants of inflation volatility and expected inflation volatility for ordinary least squares and autoregressive distributed lags (1,1) models and for change in inflation volatility and change in expected inflation volatility using error correction mechanism (ECM) models. Output gap affects change in expected inflation volatility alone (in...[Show more]

CollectionsANU Research Publications
Date published: 2015
Type: Journal article
URI: http://hdl.handle.net/1885/103197
Source: International Journal of Emerging Markets
DOI: 10.1108/IJoEM-09-2013-0145

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