More documents from Sousa, Joao; Alves, Nuno; Gomes, Sandra; Brito, José Brandão
More documents from Applied Economics

Export to your Reference Manger

Please Copy & Paste



Bookmark and Share

The Transmission of Monetary Policy and Technology Shocks in the Euro Area

[journal article]

Sousa, Joao; Alves, Nuno; Gomes, Sandra; Brito, José Brandão

fulltextDownloadDownload full text

(407 KByte)

Citation Suggestion

Please use the following Persistent Identifier (PID) to cite this document:

Further Details
Abstract This paper analyzes the response of a set of euro area macroeconomic variables to monetary policy and technology shocks based on structural VARs. The data set runs from 1970Q1 until 2006Q4 and includes a novel long-run series for hours worked per capita in the euro area. We find that real macroeconomic variables follow a hump-shaped response after monetary policy shocks and jump on impact after technology shocks. We also provide evidence that hours worked fall after a positive technology shock. These conclusions are robust to different sample periods and specifications of the variables.
Classification National Economy
Document language English
Publication Year 2009
Page/Pages p. 917-927
Journal Applied Economics, 43 (2009) 8
ISSN 1466-4283
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)