Date:
US macroeconomic news impacts expectations of interest rates in Canada, Sweden and the UK more than news about the countries’ own economies, research published by the Bank of Canada finds.
Bingxin Ann Xing, Bruno Feunou, Morvan Nongni-Donfack and Rodrigo Sekkel used two separate models to confirm their findings: a macro-finance affine term structure model and a regression-based framework.
“US macroeconomic news is particularly important to explain low-frequency changes in the expectation
NewsGala, a modern financial media outlet by Zeni Capital Corp. With 35 years of international finance expertise NewsGala strips away the distractions to provide timely and relevant financial news.
Our mission is to position our readers to have the best information to make profitable financial decisions and set realistic goals.
© 2021 Newsgala.com. All Rights Reserved.
