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

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

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dc.contributor.author	Sousa, Joao	de
dc.contributor.author	Alves, Nuno	de
dc.contributor.author	Gomes, Sandra	de
dc.contributor.author	Brito, José Brandão	de
dc.date.accessioned	2011-04-01T04:58:00Z	de
dc.date.accessioned	2012-08-30T04:45:49Z
dc.date.available	2012-08-30T04:45:49Z
dc.date.issued	2009	de
dc.identifier.issn	1466-4283
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/24260
dc.description.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.	en
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.title	The Transmission of Monetary Policy and Technology Shocks in the Euro Area	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Applied Economics	de
dc.source.volume	43	de
dc.source.issue	8	de
dc.subject.classoz	National Economy	en
dc.subject.classoz	Volkswirtschaftstheorie	de
dc.identifier.urn	urn:nbn:de:0168-ssoar-242604	de
dc.date.modified	2011-04-01T04:58:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	-1	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.source.pageinfo	917-927
internal.identifier.classoz	1090301
internal.identifier.journal	21	de
internal.identifier.document	32
internal.identifier.ddc	330
dc.identifier.doi	https://doi.org/10.1080/00036840802600186	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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Volkswirtschaftstheorie
Economic Theory

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