Monetary policy and uncertainty - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T21:11:14+00:00Secular Economic Changes and Bond Yields
https://www.bankofcanada.ca/2021/03/staff-working-paper-2021-14/
We investigate the economic forces behind the secular decline in bond yields. Before the anchoring of inflation in the mid-1990s, nominal shocks drove inflation, output and bond yields. Afterward, the impacts of nominal shocks were much less significant.2021-03-19T12:59:13+00:00enSecular Economic Changes and Bond Yields2021-03-19Asset pricingEconometric and statistical methodsInterest ratesMonetary policy and uncertaintyPotential outputStaff Working Paper 2021-14https://www.bankofcanada.ca/wp-content/uploads/2021/03/swp2021-14.pdfSecular Economic Changes and Bond YieldsBruno FeunouJean-Sébastien FontaineMarch 2021EE4E43GG1G12