The Nexus Between Inflation and Inflation Uncertainty in India: Evidence From CPI Data
نویسندگان
چکیده
The study investigates the time-varying dynamics between inflation and uncertainty in India using recently developed Stochastic Volatility Mean with a Time-varying Parameter (TVP-SVM) model. results reveal that significantly raises rate throughout estimation period. Furthermore, reacts positively to rise past rates. are consistent Cukierman-Meltzer Friedman-Ball hypotheses. Reserve Bank of must adopt policies curb volatility ensure price stability.
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ژورنال
عنوان ژورنال: Asian economics letters
سال: 2023
ISSN: ['2652-8681']
DOI: https://doi.org/10.46557/001c.74558