Inflation Volatility and the Inflation-Growth Tradeoff in India

Raghbendra Jha and Varsha S. Kulkarni

ASARC Working Papers from The Australian National University, Australia South Asia Research Centre

Abstract: 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.

Keywords: Inflation; Inflation volatility; ARDL model; ECM model; Output gap; India (search for similar items in EconPapers)
JEL-codes: E31 E32 E42 E44 (search for similar items in EconPapers)
Pages: 13
Date: 2012
New Economics Papers: this item is included in nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://crawford.anu.edu.au/acde/asarc/pdf/papers/2012/WP2012_11.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pas:asarcc:2012-11

Access Statistics for this paper

More papers in ASARC Working Papers from The Australian National University, Australia South Asia Research Centre Contact information at EDIRC.
Bibliographic data for series maintained by Raghbendra Jha ( this e-mail address is bad, please contact ).