Laganà, Gianluca; Sgro, Pasquale Michael - In: Economic Modelling 30 (2013) C, pp. 698-705
This paper investigates how an increase in the United States Federal Fund rate affects the United States economy and how the effects are transmitted to the Canadian economy using the factor-augmented VAR (FAVAR) approach of Stock and Watson (2005) and Bernanke et al. (2005). A distinguishing...