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%T The Transmission of Monetary Policy and Technology Shocks in the Euro Area %A Sousa, Joao %A Alves, Nuno %A Gomes, Sandra %A Brito, José Brandão %J Applied Economics %N 8 %P 917-927 %V 43 %D 2009 %@ 1466-4283 %= 2011-04-01T04:58:00Z %~ http://www.peerproject.eu/ %> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-242604 %X 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. %G en %9 journal article %W GESIS - http://www.gesis.org %~ SSOAR - http://www.ssoar.info