This paper examines the macroeconomic effects of government spending shocks in Canada for the period of 1949 - 2012. We use the narrative record, mostly the budget speech, to identify the size, timing, and principal motivation for all planned major government spending changes. To achieve...

In this paper, we re-investigate the effects of oil price and its uncertainty on China's macroeconomic activities using a monthly generalized VAR model with stochastic volatility in mean, named interactive VAR-SV-in-mean model, which allows for interactions amongst variables' levels and...