00000nam 2200000zi 4500 9.950028 CaOODSP 20250416082143 m o d f cr mn||||||||| 250411t20242024oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-5/2024-34E-PDF Diez de los Rios, Antonio, author. Estimating the portfolio-balance effects of the Bank of Canada’s Government of Canada Bond Purchase Program / by Antonio Diez de los Rios. [Ottawa] : Bank of Canada = Banque du Canada, 2024. ©2024 1 online resource (ii, 34 pages, 3 unnumbered pages) : graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-34 ISSN assigned to different series. "Last updated: October 7, 2024." Includes bibliographical references (pages 26-29). "I propose a novel dynamic portfolio-balance model of the yield curve for Government of Canada bonds to evaluate the portfolio-balance effects of the Bank of Canada’s Government of Canada Bond Purchase Program. My results suggest that this program, launched on March 27, 2020, in response to the COVID-19 pandemic, lowered the weighted average maturity of the Government of Canada’s debt by approximately 1.4 years. This in turn reduced Canadian 10-year and 5-year zero-coupon yields by 84 and 52 basis points, respectively"--Abstract, page ii. Includes abstract in French. Banks and banking Canada Econometric models. Interest rates Economic aspects Canada. Monetary policy Economic aspects Canada. COVID-19 (Disease) Economic aspects Canada. Banques Canada Modèles économétriques. Taux d'intérêt Aspect économique Canada. Politique monétaire Aspect économique Canada. COVID-19 Aspect économique Canada. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2024-34. (CaOODSP)9.806221 PDF 672 KB https://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-5-2024-34-eng.pdf