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| 01919nam 2200313za 4500 |
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| 001 | 9.859457 |
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| 003 | CaOODSP |
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| 005 | 20221107160245 |
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| 007 | cr ||||||||||| |
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| 008 | 180723s2018 oncd ob f000 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 086 | 1 |aFB3-6/2018-7E-PDF |
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| 100 | 1 |aBarnett, Russell A. |
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| 245 | 10|aAssessing the impact of demand shocks on the US term premium |h[electronic resource] / |cby Russell Barnett and Konrad Zmitrowicz. |
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| 260 | |a[Ottawa] : |bBank of Canada, |c2018. |
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| 300 | |aiii, 28 p. : |bcharts (some col.) |
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| 490 | 1 |aBank of Canada staff discussion paper, |x1914-0568 ; |v2018-7 |
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| 500 | |a"July 2018." |
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| 504 | |aIncludes bibliographical references (p. 23-25). |
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| 520 | 3 |a"During and after the Great Recession of 2008–09, conventional monetary policy in the United States and many other advanced economies was constrained by the effective lower bound (ELB) on nominal interest rates. Several central banks implemented large-scale asset purchase (LSAP) programs, more commonly known as quantitative easing or QE, to provide additional monetary stimulus. Gauging the effectiveness of LSAPs is important, since the ELB may be a constraint on conventional monetary policy more frequently in the future than it was in the past. In this paper we analyze two distinct periods where we observe exogenous demand shocks for 10-year US Treasury bonds to assess their impact on the term premium"--Abstract, p. ii. |
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| 546 | |aIncludes abstract in French. |
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| 693 | 4|aQuantitative easing (Monetary policy) |
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| 693 | 4|aMonetary policy |
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| 693 | 4|aInterest rates |
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| 700 | 1 |aZmitrowicz, Konrad. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff discussion paper (Bank of Canada)|x1914-0568 ; |v2018-7.|w(CaOODSP)9.806273 |
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| 856 | 40|qPDF|s720 KB|uhttps://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-6-2018-7-eng.pdf |
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