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dc.contributor.advisorPollak, Andreas
dc.creatorTsang, Christopher W 1990-
dc.date.accessioned2018-09-21T22:31:31Z
dc.date.available2018-09-21T22:31:31Z
dc.date.created2018-10
dc.date.issued2018-09-21
dc.date.submittedOctober 2018
dc.identifier.urihttp://hdl.handle.net/10388/10845
dc.description.abstractIn the decade following the global financial crisis, modern monetary theory has been forced to push the envelope via interventionist interest rate policy across geographies, and even open market asset purchases by central banks in select geographies, testing the bounds of optimal monetary policy. The unprecedented entanglement of monetary policy and asset prices alludes to a relative blind-spot in the New Keynesian literature – embedding asset pricing explicitly. The purpose of this paper is to develop an asset pricing model where monetary policy impacts real variables and thus can be analyzed – the ambition is to provide a proof-of-concept in developing a lens through which one may observe the effect monetary policy has on the real economy via symptoms observed in financial markets (e.g. risk premiums) in a paradigm consistent with modern New Keynesian theory. While asset pricing models and New Keynesian monetary models exist individually, the challenge is integrating the two concepts in an appropriate framework and interpreting the result.
dc.format.mimetypeapplication/pdf
dc.subjectNew Keynesian
dc.subjectAsset Pricing
dc.subjectMacroeconomics
dc.subjectEconomics
dc.subjectFinance
dc.titleA New Keynesian Approach to Consumption Based Asset Pricing
dc.typeThesis
dc.date.updated2018-09-21T22:31:31Z
thesis.degree.departmentEconomics
thesis.degree.disciplineEconomics
thesis.degree.grantorUniversity of Saskatchewan
thesis.degree.levelMasters
thesis.degree.nameMaster of Arts (M.A.)
dc.type.materialtext
dc.contributor.committeeMemberChaban, Maxym
dc.contributor.committeeMemberShao, Enchuan
dc.contributor.committeeMemberSlade, Peter
dc.contributor.committeeMemberSari, Nazmi


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