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Suppose you have data on the prices of bonds in the Canadian market for every day in the year. How could you determine the timing
Suppose you have data on the prices of bonds in the Canadian market for every day in the year. How could you determine the timing of the Bank of Canada's interest rate policy statements using the assumption that the market has no advanced knowledge of these rate decisions and there are no business cycles? Is it possible to do the same thing without these two assumptions?
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