Seminar by- Venoo Kakar, San Francisco State University ,10th January, 2017 (Tuesday) at 3:00 PM

  Asset Prices and Optimal Monetary Policy byVenoo Kakar, San Francisco State UniversityOn10th January, 2017 (Tuesday) at 3:00 PMVenue : Seminar Room (First Floor) Department of Economics, Delhi School of EconomicsAll are cordially invitedAbstractWe construct a New Keynesian DSGE model that features financial frictions, investment frictions, long-run productivity risk and Epstein and Zin (1989) preferences. The model successfully reproduces key features of both asset prices and macroeconomic quantities such as consumption, investment, and output. Under this set up, we examine the implications of different monetary policy rules where the central bank responds to inflation, output and asset prices in the presence of

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