Karan Singh, B; Kanakaraj, A; Sridevi, T.O - Volkswirtschaftliche Fakultät, … - 2010
This paper revisits the empirical existence of the Phillips curve in the Indian context. To estimate the Phillips curve we need two variables – inflation and the output gap. In the case of India, incorrect measurement of both variables causes much difficulty in estimating the Phillipscurve. We...