The impact of the October 2017 policy package is assessed using two models: a term structure modelling framework similar to Li, C. and Wei, M. (2013), “Term Structure Modeling with Supply Factors and the Federal Reserve’s Large-Scale Asset Purchase Programs”, International Journal of Central Banking, 9(1), pp. 3-39 and an ISIN-by-ISIN regression framework akin to D’Amico, S. and King, T. B.
(2013), “Flow and stock effects of large-scale treasury purchases: Evidence on the importance of local supply”, Journal of Financial Economics,108(2), pp. 425-448. 6 To this end, for instance, an estimated term structure model is used following Li, C. and Wei, M. (2013), “Term  Structure Modeling with Supply Factors and the Federal Reserve’s Large-Scale Asset Purchase Programs”, International Journal of Central Banking, 9(1), pp.