Essec\Faculty\Model\Contribution {#2190
  #_index: "academ_contributions"
  #_id: "1262"
  #_source: array:26 [
    "id" => "1262"
    "slug" => "general-equilibrium-real-and-nominal-interest-rates"
    "yearMonth" => "2004-01"
    "year" => "2004"
    "title" => "General Equilibrium Real and Nominal Interest Rates"
    "description" => "LIOUI, A. et PONCET, P. (2004). General Equilibrium Real and Nominal Interest Rates. <i>Journal of Banking & Finance</i>, pp. 1569-1595."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "PONCET Patrice"
        "bid" => "B00000430"
        "slug" => "poncet-patrice"
      ]
      1 => array:1 [
        "name" => "LIOUI A."
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2020-12-17 17:55:06"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => "1569-1595"
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "Nous dérivons les taux réels et nominaux d'équilibre dans une économie monétaire affectée par des chocs réels et monétaires. Une propriété intrinsèque de l'équilibre est que la dynamique de toute variable réelle est influencée par les facteurs réels et monétaires, ce qui implique une non-neutralité générique de la monnaie. Dans une version spécialisée de l'économie, nous obtenons une dynamique pour le taux nominal suffisamment générale pour englober toutes les dynamiques présentées dans la littérature, de Vasicek et CIR aux modèles récent non-linéaires."
      "en" => "We derive the general equilibrium short-term real and nominal interest rates in a monetary economy affected by technological and monetary shocks. We show that an inherent feature of our equilibrium is that any real variable dynamic driven by both monetary and real factors, implying that money is generically non-neutral. We than analyze a specialized version of this economy. The short-term nominal rate dynamics we obtain encompasses most of the dynamics present in the literature, from Vasicek and CIR to recent quadratic and, more generally, non-linear interest rate models."
    ]
    "authors_fields" => array:2 [
      "fr" => "Finance"
      "en" => "Finance"
    ]
    "indexedAt" => "2024-04-19T10:22:01.000Z"
    "docTitle" => "General Equilibrium Real and Nominal Interest Rates"
    "docSurtitle" => "Journal articles"
    "authorNames" => "<a href="/cv/poncet-patrice">PONCET Patrice</a>, LIOUI A."
    "docDescription" => "<span class="document-property-authors">PONCET Patrice, LIOUI A.</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">2004</span>"
    "keywordList" => ""
    "docPreview" => "<b>General Equilibrium Real and Nominal Interest Rates</b><br><span>2004-01 | Journal articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">General Equilibrium Real and Nominal Interest Rates</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 9.051813
  +"parent": null
}