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) models and for change in inflation volatility and change in expected …