The transmission of monetary and technology shocks in the euro area

Detalhes bibliográficos
Autor(a) principal: Alves, Nuno
Data de Publicação: 2006
Outros Autores: Brito, José Brandão de, Gomes, Sandra, Sousa, João
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/23765
Resumo: We build structural VARs for the euro area to analyze the responses of a set of euro area macroeconomic variables to monetary policy and technology shocks. We then test their robustness to different specifications of hours worked, sample periods and the definition of the variables used. We conclude that while the responses to monetary policy shocks appear to be broadly robust, the responses to technology shocks crucially depend on whether hours worked are introduced in levels or in first differences.
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spelling The transmission of monetary and technology shocks in the euro areaTechnology and Monetary ShocksEuro AreaLong-Run RestrictionsWe build structural VARs for the euro area to analyze the responses of a set of euro area macroeconomic variables to monetary policy and technology shocks. We then test their robustness to different specifications of hours worked, sample periods and the definition of the variables used. We conclude that while the responses to monetary policy shocks appear to be broadly robust, the responses to technology shocks crucially depend on whether hours worked are introduced in levels or in first differences.Banco de PortugalRepositório da Universidade de LisboaAlves, NunoBrito, José Brandão deGomes, SandraSousa, João2022-03-11T15:00:23Z2006-012006-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/23765engAlves, Nuno ... [et al.]. (2006) . "The transmission of monetary and technology shocks in the euro area". Banco de Portugal. Economic and Research Department. Working Papers nº 2 | 2006info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:53:22Zoai:www.repository.utl.pt:10400.5/23765Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:07:54.837810Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The transmission of monetary and technology shocks in the euro area
title The transmission of monetary and technology shocks in the euro area
spellingShingle The transmission of monetary and technology shocks in the euro area
Alves, Nuno
Technology and Monetary Shocks
Euro Area
Long-Run Restrictions
title_short The transmission of monetary and technology shocks in the euro area
title_full The transmission of monetary and technology shocks in the euro area
title_fullStr The transmission of monetary and technology shocks in the euro area
title_full_unstemmed The transmission of monetary and technology shocks in the euro area
title_sort The transmission of monetary and technology shocks in the euro area
author Alves, Nuno
author_facet Alves, Nuno
Brito, José Brandão de
Gomes, Sandra
Sousa, João
author_role author
author2 Brito, José Brandão de
Gomes, Sandra
Sousa, João
author2_role author
author
author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Alves, Nuno
Brito, José Brandão de
Gomes, Sandra
Sousa, João
dc.subject.por.fl_str_mv Technology and Monetary Shocks
Euro Area
Long-Run Restrictions
topic Technology and Monetary Shocks
Euro Area
Long-Run Restrictions
description We build structural VARs for the euro area to analyze the responses of a set of euro area macroeconomic variables to monetary policy and technology shocks. We then test their robustness to different specifications of hours worked, sample periods and the definition of the variables used. We conclude that while the responses to monetary policy shocks appear to be broadly robust, the responses to technology shocks crucially depend on whether hours worked are introduced in levels or in first differences.
publishDate 2006
dc.date.none.fl_str_mv 2006-01
2006-01-01T00:00:00Z
2022-03-11T15:00:23Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/23765
url http://hdl.handle.net/10400.5/23765
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Alves, Nuno ... [et al.]. (2006) . "The transmission of monetary and technology shocks in the euro area". Banco de Portugal. Economic and Research Department. Working Papers nº 2 | 2006
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Banco de Portugal
publisher.none.fl_str_mv Banco de Portugal
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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