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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Dmitrij Nikitin
Monetary Policy and Asset Price Bubbles: a model with endogenous labor supply
Master’s programme
2014
In this paper the problem of monetary policy "to combat bubbles" within a dynamic stochastic general equilibrium model was considered. In this case the model suggested by Gali (2014) was modified by introducing endogenous labor supply. The study found that application of the policy "to combat bubbles" in a model with endogenous labor supply would increase the volatility of a "bubble", in comparison with the initial realise pattern. However, the introduction into the model of endogenous labor supply did not affect the optimum condition to minimize the volatility of the "bubble", resulting in Gali (2014)

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