کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5087738 1375452 2009 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
In search of the Phillips curve for India
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
In search of the Phillips curve for India
چکیده انگلیسی

The economics literature suggests that the Phillips curve is nonexistent in India. This study finds that supply shocks, namely droughts and oil crises, and the liberalization-policy shock of the early 1990s are the main reasons for the absence of the Phillips curve in India. Once I account for these shocks by reconstructing the data of inflation and the output gap in crop year instead of fiscal year, and move to the industrial sector, the Phillips curve emerges in the conventional fashion. Thus, the short-run tradeoff between inflation and industrial output is still possible in India, as it is in other developed economies.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Asian Economics - Volume 20, Issue 4, September 2009, Pages 479-488
نویسندگان
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