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| 01840cam 2200313za 4500 |
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| 001 | 9.842761 |
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| 003 | CaOODSP |
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| 005 | 20221107152407 |
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| 007 | cr ||||||||||| |
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| 008 | 170831s2017 oncd ob f000 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2017-26E-PDF |
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| 100 | 1 |aDiez de los Rios, Antonio. |
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| 245 | 10|aQuantitative easing and long-term yields in small open economies |h[electronic resource] / |cby Antonio Diez de los Rios and Maral Shamloo. |
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| 260 | |a[Ottawa] : |bBank of Canada, |c2017. |
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| 300 | |aii, 43 p. : |bcol. charts |
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| 490 | 1 |aBank of Canada staff working paper, |x1701-9397 ; |v2017-26 |
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| 500 | |a"July 2017." |
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| 504 | |aIncludes bibliographical references. |
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| 520 | |a"We compare the Federal Reserve's asset purchase programs with those implemented by the Bank of England and the Swedish Riksbank, and the Swiss National Bank's reserve expansion program. We decompose government bond yields into (i) an expectations component, (ii) a global term premium and (iii) a country-specific term premium to analyse two-day changes in 10-year yields around announcement dates. We find that, in contrast to the Federal Reserve's asset purchases, the programs implemented in these smaller economies have not been able to affect the global term premium and, consequently, their effectiveness in lowering long-term yields has been limited."--Abstract, p. ii. |
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| 546 | |aIncludes abstract in French. |
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| 692 | 07|2gccst|aMonetary policy |
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| 692 | 07|2gccst|aInterest rates |
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| 700 | 1 |aShamloo, Maral. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2017-26|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1.23 MB|uhttps://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-5-2017-26-eng.pdf |
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