Inflation Volatility and the Inflation-Growth Tradeoff in India
This 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.
|Date of creation:||2012|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +61 2 6125 4705
Fax: +61 2 6125 5448
Web page: https://crawford.anu.edu.au/acde/asarc/
More information through EDIRC
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.:
- Sophocles N. Brissimis & Nicholas S. Magginas, 2008.
"Inflation Forecasts and the New Keynesian Phillips Curve,"
International Journal of Central Banking,
International Journal of Central Banking, vol. 4(2), pages 1-22, June.
- Sophocles N. Brissimis & Nicholas S. Magginas, 2006. "Inflation Forecasts and the New Keynesian Phillips Curve," Working Papers 38, Bank of Greece.
- John Duffy & Wei Xiao, 2007.
"Investment and Monetary Policy: Learning and Determinacy of Equilibrium,"
324, University of Pittsburgh, Department of Economics, revised Aug 2008.
- John Duffy & Wei Xiao, 2011. "Investment and Monetary Policy: Learning and Determinacy of Equilibrium," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(5), pages 959-992, 08.
When requesting a correction, please mention this item's handle: RePEc:pas:asarcc:2012-11. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stephanie Hancock)
If references are entirely missing, you can add them using this form.