Essec\Faculty\Model\Contribution {#2216
  #_index: "academ_contributions"
  #_id: "2079"
  #_source: array:26 [
    "id" => "2079"
    "slug" => "money-and-asset-prices-in-a-production-economy"
    "yearMonth" => "2010-12"
    "year" => "2010"
    "title" => "Money and Asset Prices in a Production Economy"
    "description" => "LIOUI, A. et PONCET, P. (2010). Money and Asset Prices in a Production Economy. <i>Finance</i>, 31(2), pp. 7-49."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "PONCET Patrice"
        "bid" => "B00000430"
        "slug" => "poncet-patrice"
      ]
      1 => array:1 [
        "name" => "LIOUI A."
      ]
    ]
    "ouvrage" => ""
    "keywords" => array:6 [
      0 => "Neutralité de la monnaie"
      1 => "Noyau d'évaluation"
      2 => "Politique monétaire"
      3 => "Prime de risque d'inflation"
      4 => "Prix des actifs financiers"
      5 => "Taux d'intérêt réels et nominaux"
    ]
    "updatedAt" => "2021-02-02 16:16:18"
    "publicationUrl" => "https://www.cairn.info/revue-finance-2010-2-page-007.htm"
    "publicationInfo" => array:3 [
      "pages" => "7-49"
      "volume" => "31"
      "number" => "2"
    ]
    "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 généralisons l¿économie monétaire de Lucas et Stokey au cas d¿une économie de production de type néo-classique. La monnaie est génériquement non neutre, même quand les fonctions d¿utilité sont log séparable. Le ratio capital/richesse totale joue un rôle central dans le mécanisme de transmission de la politique monétaire. Nos résultats empiriques confirment l¿influence de ce ratio sur la prime de risque du marché actions."
      "en" => "We generalize the monetary economy of Lucas and Stokey to the case of a neo-classical production economy. Money non-neutrality is shown to be generic, even though the representative agent¿s utility is log separable. The capital/wealth ratio plays a key role in the transmission mechanism of monetary policy. Empirical evidence supports the hypothesized influence of this ratio on the US equity market premium."
    ]
    "authors_fields" => array:2 [
      "fr" => "Finance"
      "en" => "Finance"
    ]
    "indexedAt" => "2024-11-15T07:21:49.000Z"
    "docTitle" => "Money and Asset Prices in a Production Economy"
    "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">2010</span>"
    "keywordList" => "<a href="#">Neutralité de la monnaie</a>, <a href="#">Noyau d'évaluation</a>, <a href="#">Politique monétaire</a>, <a href="#">Prime de risque d'inflation</a>, <a href="#">Prix des actifs financiers</a>, <a href="#">Taux d'intérêt réels et nominaux</a>"
    "docPreview" => "<b>Money and Asset Prices in a Production Economy</b><br><span>2010-12 | Journal articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="https://www.cairn.info/revue-finance-2010-2-page-007.htm" target="_blank">Money and Asset Prices in a Production Economy</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 8.947243
  +"parent": null
}