Go to the CANSIM data available in the Student Resources section of your MyEconLab website and download
Question:
Go to the CANSIM data available in the Student Resources section of your MyEconLab website and download daily data since January 1996 for the bank rate (V39078) and the target overnight rate (V39079).
a. What is the difference between the two series?
b. Plot the two series.
c. Calculate the upper and lower bounds of the operating band and plot the time path of the operating band.
d. What does the time path of the operating band say about the easiness of monetary policy over this period?
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Step by Step Answer:
a The difference between these two series is 25 basis points b ...View the full answer
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Related Book For 
The Economics of Money Banking and Financial Markets
ISBN: 978-0321785701
5th Canadian edition
Authors: Frederic S. Mishkin, Apostolos Serletis
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