Shocks without borders: U.S. monetary policy and the Canadian economy

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dc.contributor.authorScarcella, Aidan Michael
dc.date.accessioned2025-04-24T15:28:55Z
dc.date.available2025-04-24T15:28:55Z
dc.date.issued2025
dc.description.abstractCanada and the United States share one of the closest economic partnerships in the world. Given the magnitude of the United States economy, the monetary policy decisions of the United States are bound to affect the Canadian economy. This paper investigates the spillover effects of US monetary policy shocks on Canadian macroeconomic outcomes. I use a structural vector autoregression model with an instrumental variable approach (SVAR-IV) for the identification of monetary policy shocks. I estimate the long-term response of the Canadian economy to a US monetary policy shock through the exchange rate, trade, and financial channel variables.
dc.description.reviewstatusReviewed
dc.description.scholarlevelUndergraduate
dc.description.sponsorshipJamie Cassels Undergraduate Research Awards (JCURA)
dc.identifier.urihttps://hdl.handle.net/1828/21979
dc.language.isoen
dc.publisherUniversity Of Victoria
dc.subjectmonetary economics
dc.subjectmonetary shocks
dc.subjectpillovers
dc.subjectmacroeconomics
dc.titleShocks without borders: U.S. monetary policy and the Canadian economy
dc.typePoster

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