Asset markets and monetary policy

Abstract

newlineresearch can be advanced further by considering financial markets which are riddled with frictions. A glimpse of such kind of frictions are somewhat evident in our empirical results but a robust research in this direction can be carried out by formulating a model which considers friction in the financial and the money market at the outset. In our course of research, some studies in that direction was observed but they were limited to the US market. The same can be taken up for Indian markets as well