What is Responsible for India's Sharp Disinflation? /

We analyze the dramatic decline in India's inflation over the last two years using an augmented Phillips Curve approach and quantify the role of different factors. Our results suggest that, contrary to popular perception, the direct role of lower oil prices in India's disinflation was rela...

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Bibliographic Details
Main Author: Chinoy, Sajjid
Other Authors: Kumar, Pankaj, Mishra, Prachi
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016.
Series:IMF Working Papers; Working Paper ; No. 2016/166
Online Access:Full text available on IMF