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Essays on Monetary and Macro-prudential Policy in a DSGE Model with Banking Sector

Kang, Young-Kwan (2017) Essays on Monetary and Macro-prudential Policy in a DSGE Model with Banking Sector. Doctor of Philosophy (PhD) thesis, University of Kent,. (Access to this publication is currently restricted. You may be able to access a copy if URLs are provided) (KAR id:63881)

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Language: English

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Abstract

The thesis is composed of three chapters which analyze the monetary and macro-prudential policy using a New Keynesian DSGE model with the banking sector.

The first chapter evaluates the effectiveness of time-varying macro-prudential tools and their interaction with monetary policy using the model framework of Gertler and

we consider the implications of financial frictions for baseline monetary policy using a model calibrated on Indian data and find that a simple interest rate reaction function may not be welfare maximizing when banking shocks are dominant in the economy.

Item Type: Thesis (Doctor of Philosophy (PhD))
Thesis advisor: Chadha, Jagjit S.
Subjects: H Social Sciences
Divisions: Faculties > Social Sciences > School of Economics
SWORD Depositor: System Moodle
Depositing User: System Moodle
Date Deposited: 06 Oct 2017 13:50 UTC
Last Modified: 29 May 2019 19:39 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/63881 (The current URI for this page, for reference purposes)
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