The role of segmented markets in monetary policy
AbstractThe popular press would lead us to believe that during the stock market boom of the 1990s just about everyone was buying and selling bonds every day. In fact, evidence shows that most households make only infrequent changes to their investment portfolios. "In The Role of Market Segmented Markets in Monetary Policy," Aubhik Khan discusses this market segmentation and its implication for the way monetary policy affects interest rates and inflation.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Philadelphia in its journal Business Review.
Volume (Year): (2006)
Issue (Month): Q4 ()
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