Jha, Raghbendra; Kulkarni, Varsha S. - In: International Journal of Emerging Markets 10 (2015) 3, pp. 350-361
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)...