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Gianluca Lagana and Pasquale Sgro
''Fiscal Policy and US-Canadian Trade''
( 2011, Vol. 31 No.2 )
A factor-augmented vector autoregressive (FAVAR) model is applied to determine the effects of a rise in US government expenditure on the United States and Canadian economies. The results obtained reasonably characterize the effect of a rise in US government spending to the United States and Canadian economies emphasizing the role of the traded goods sector.
Keywords: Factor Model, Principal Component, Government expenditure, VAR.
JEL: E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General
Manuscript Received : Nov 03 2010 Manuscript Accepted : Jun 25 2011

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