Pattanaik, Sitikantha; Nadhanael, G.V. - In: Macroeconomics and Finance in Emerging Market Economies 6 (2013) 2, pp. 204-220
In the policy debate on growth--inflation trade-off and the role of monetary policy in managing the trade-off in the short-run, theoretical and empirical research suggests the presence of a country specific threshold level of inflation. Empirical findings of this paper suggest that for India the...