Does inflation targeting work in India?
India’s Phillips curve is found to be flat, while households’ inflation expectations remain consistently higher than the RBI’s projections; this suggests that inflation targeting can lower output and employment without a commensurate reduction in inflation
· 9/6/2026, 5:35:46 PM· 2 min read
India’s Phillips curve is found to be flat, while households’ inflation expectations remain consistently higher than the RBI’s projections; this suggests that inflation targeting can lower output and employment without a commensurate reduction in inflation
Read original story →
