The impacts of monetary policy statements / by Bruno Feunou ... [et al.].: FB3-7/2017-22E-PDF
"In this note, we find that market participants react to an unexpected change in the tone of Canadian monetary policy statements. When the market perceives that the Bank of Canada plans to tighten (or alternatively, loosen) the monetary policy earlier than previously expected, the Canadian dollar appreciates (or depreciates) and long-term Government of Canada bond yields increase (or decrease). The tone of a statement is particularly relevant to the market when the policy rate has been unchanged for some time."--Abstract, p. ii.
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | The impacts of monetary policy statements / by Bruno Feunou ... [et al.]. |
| Series title | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2017-22 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Title from cover. Includes bibliographical references. Text in English, abstract in English and French. |
| Publishing information | Ottawa : Bank of Canada, c2017. |
| Author / Contributor | Feunou, Bruno. |
| Description | ii, [7] p. : graphs |
| Catalogue number |
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| Subject terms | Economic indicators Monetary policy Market analysis |
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