Do fiscal spending news shocks generate financial spillovers?

Research output: Journal PublicationArticlepeer-review

4 Citations (Scopus)


This paper shows the US fiscal spending news shocks – identified using the Survey of Professional Forecasters – drive the Canadian long-term nominal interest rates. The news shocks explain about 10% of the Canadian long-term interest rate at business cycle frequencies.

Original languageEnglish
Pages (from-to)46-49
Number of pages4
JournalEconomics Letters
Publication statusPublished - Mar 2018


  • Fiscal foresight
  • Fiscal spillovers
  • Government spending
  • VAR analysis

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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