Time for a trip to Vancouver for a little fiscal stimulus ...

There was some reaction to the fall in the price of the Canadian dollar (e.g. here and here). According to the information transfer model, forex markets are basically highly volatile relative NGDP futures markets (even though they might not know it). This means we might expect a big fall [1] in Canada's NGDP when Q4 2015 and Q1 2016 data come out ...

Update 1 December 2016

Turns out to have been a good forecast.


Footnotes:

[1] Or a big rise in US NGDP, but that seems questionable.