Inflation Volatility and the Inflation-Growth Tradeoff in India
AbstractThis paper extends the New Keynesian Phillips curve model to include inflation volatility and tests the determinants of such volatility for India. It provides results on the determinants of inflation volatility and expected inflation volatility for OLS and ARDL (1,1) models and for change in inflation volatility and change in expected inflation volatility using ECM models. Output gap affects change in expected inflation volatility (in the ECM model) and not in the other models. Major determinants of inflation volatility and expected inflation volatility are identified.
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Bibliographic InfoPaper provided by The Australian National University, Australia South Asia Research Centre in its series ASARC Working Papers with number 2012-11.
Date of creation: 2012
Date of revision:
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More information through EDIRC
Inflation; Inflation volatility; ARDL model; ECM model; Output gap; India;
Other versions of this item:
- Raghbendra Jha & Varsha S. Kulkarni, 2012. "Inflation Volatility and the Inflation-Growth Tradeoff in India," CAMA Working Papers 2012-54, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-08-23 (All new papers)
- NEP-MAC-2012-08-23 (Macroeconomics)
- NEP-MON-2012-08-23 (Monetary Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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