An Assessment of Inflation Modelling in India
Published By: ICRIER on eSS | Published Date: April, 20 , 2012This study analyses India’s inflation using the Phillips curve theory. To estimate an open-economy Phillips curve, we need three variables: (1) inflation (2) the output gap and (3) the real effective exchange rate. In India, the incorrect measurement of variables causes much difficulty in estimating the Phillips curve. [Working Paper No. 259]. URL:[http://www.icrier.org/pdf/working_Paper_259.pdf].
Author(s): Karan Singh | Posted on: Apr 26, 2012 | Views(575) | Download (236)