An Estimated DSGE Model of the Indian Economy.

Output

0

-1

Consumption (Aggregate)
1

2    4    6    8    10

Tobin’s Q

-51—∙-------∙-------∙-------∙-------

2    4    6    8    10

2    4    6    8    10

Marginal Costs
51—■--------■--------■--------■--------

1

-1 —,-------,-------,-------,-------

2    4    6    8    10

Consumption (Ricardian Households) Relative Price (I/F)

2468 10  2468 10