Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/337175 
Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
Bank of Canada Staff Discussion Paper No. 2025-16
Verlag: 
Bank of Canada, Ottawa
Zusammenfassung: 
This paper provides a primer on the role of debt modelling in developing a sovereign debt issuance strategy, and how the policy objectives of a sovereign debt manager influence design decisions within their models. The insights provided here are supported by current and past uses of the Canadian Debt Strategy Model, which is a key component of Canada's process to set its annual Debt Management Strategy and Medium-Term Debt Strategy. We address specific challenges that issuers of public debt often face. Those challenges include defining an appropriate objective function, specifying a strategy adaptable to an uncertain economic environment, operating within computational limitations and integrating qualitative considerations about liquidity and the needs of the investor base with quantitative assessments of costs and risks.
Schlagwörter: 
Debt management
Econometric and statistical methods
Financial markets
Fiscal policy
JEL: 
G11
G17
H63
H68
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Dokumentart: 
Working Paper
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