Díez de los Ríos, Antonio - 2024 - Last updated: October 7, 2024
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 … 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 …