Read the transcript about the responses of the Bank of Canada to the COVID-19 pandemic:

Bank of Canada. (2020).Monetary policy in the context of Covid-19.https://www.bankofcanada.ca/2020/06/monetary-policy-context-covid-19/

Professor Paul Beaudry explains the asset purchasing programs in detail. Discuss what the asset purchasing program does. How does it function? How does it change the balance sheet of the Central bank?

Review the article and video below:

Bank of Canada. (2020).Understanding quantitative easing.https://www.bankofcanada.ca/2020/12/understanding-quantitative-easing/