Essec\Faculty\Model\Contribution {#2216
  #_index: "academ_contributions"
  #_id: "7422"
  #_source: array:26 [
    "id" => "7422"
    "slug" => "the-role-of-money-and-monetary-policy-in-crises-periods-the-euro-zone-case"
    "yearMonth" => "2012-05"
    "year" => "2012"
    "title" => "The Role of Money and Monetary Policy in Crises Periods: The Euro Zone Case"
    "description" => "BENCHIMOL, J. et FOURÇANS, A. (2012). The Role of Money and Monetary Policy in Crises Periods: The Euro Zone Case. Dans: International Trade and Finance Association's 22nd International Conference."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "FOURÇANS André"
        "bid" => "B00000199"
        "slug" => "fourcans-andre"
      ]
      1 => array:1 [
        "name" => "BENCHIMOL J."
      ]
    ]
    "ouvrage" => "International Trade and Finance Association's 22nd International Conference"
    "keywords" => []
    "updatedAt" => "2021-07-13 14:31:12"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => null
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Communications dans une conférence"
      "en" => "Presentations at an Academic or Professional conference"
    ]
    "support_type" => array:2 [
      "fr" => null
      "en" => null
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "In this paper, we test two models of the Eurozone, with a special emphasis on the role of money and monetary policy during crises. The role of separability between money and consumption is investigated further and we analyse the Euro area economy during three different crises: 1992, 2001 and 2007. We find that money has a rather significant role to play in explaining output variations during crises whereas, at the same time, the role of monetary policy on output decreases significantly. Moreover, we find that a model with non-separability between consumption and money has better forecasting performance than a baseline separable model over crisis periods."
      "en" => "In this paper, we test two models of the Eurozone, with a special emphasis on the role of money and monetary policy during crises. The role of separability between money and consumption is investigated further and we analyse the Euro area economy during three different crises: 1992, 2001 and 2007. We find that money has a rather significant role to play in explaining output variations during crises whereas, at the same time, the role of monetary policy on output decreases significantly. Moreover, we find that a model with non-separability between consumption and money has better forecasting performance than a baseline separable model over crisis periods."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-11-21T14:21:49.000Z"
    "docTitle" => "The Role of Money and Monetary Policy in Crises Periods: The Euro Zone Case"
    "docSurtitle" => "Presentations at an Academic or Professional conference"
    "authorNames" => "<a href="/cv/fourcans-andre">FOURÇANS André</a>, BENCHIMOL J."
    "docDescription" => "<span class="document-property-authors">FOURÇANS André, BENCHIMOL J.</span><br><span class="document-property-authors_fields">Economics</span> | <span class="document-property-year">2012</span>"
    "keywordList" => ""
    "docPreview" => "<b>The Role of Money and Monetary Policy in Crises Periods: The Euro Zone Case</b><br><span>2012-05 | Presentations at an Academic or Professional conference </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">The Role of Money and Monetary Policy in Crises Periods: The Euro Zone Case</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 9.20103
  +"parent": null
}