Date of Award
2022
Publisher
North Dakota State University
Document Type
Thesis
Degree Awarded
Master of Science (MS)
Program
Agribusiness and Applied Economics
Department
Agribusiness and Applied Economics
College
Business
Faculty Advisor
Caton, James
Description
The value of currency in circulation and the value of the assets side of the balance sheet has become a choice variable for implementing policy under the monetary policy framework introduced by Ben Bernanke during the 2008 financial crisis. While policy responses to changing economic conditions are obvious, the macroeconomy's response to these policy changes requires more thought. To evaluate, directed acyclic graphs (DAGs) have been used to analyze the monetary policy's reaction to shifting economic indicators. I am also interested in mapping the effects of changes as well as to find out the interdependencies among the policy variables along with the financial markets. I have assessed the causal relationships in each DAG by taking into account the relevant marginal effects as estimated by seemingly unrelated regressions. Also, I have conducted Granger Causality test in order to assess our profitability analysis with the policy variables.
Recommended Citation
Gupta, Proma Sen, "Mapping the Unconventional Monetary Policy of the Fed with Financial Market" (2022). Agribusiness and Applied Economics. 49.
https://digitalcommons.ndsu.edu/agribusiness-applied-econ/49
Rights
NDSU policy 190.6.2
Rights Link
https://www.ndsu.edu/fileadmin/policy/190.pdf
Handle Identifier
https://hdl.handle.net/10365/33323