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9502 Results

Deriving Agents' Inflation Forecasts from the Term Structure of Interest Rates

Staff Working Paper 1995-1 Christopher Ragan
In this paper, the author uses the term structure of nominal interest rates to construct estimates of agents' expectations of inflation over several medium-term forecast horizons. The Expectations Hypothesis is imposed together with the assumption that expected future real interest rates are given by current real rates. Under these maintained assumptions, it is possible to […]
December 18, 2001

Government of Canada Pilot Bond Switch Program Launch: Operational Framework

On behalf of the Minister of Finance, the Bank of Canada announced today the operational framework for a pilot bond switch program. The program is designed to support the maintenance of a liquid Government of Canada new issue bond market through the exchange of less liquid outstanding bonds (repurchase bonds) into a benchmark bond (replacement bond).
Content Type(s): Press, Market notices
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