The role of segmented markets in monetary policy

The 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.

MoreLess

Year of publication:	2006
Authors:	Khan, Aubhik
Published in:	Business Review. - Federal Reserve Bank of Philadelphia. - 2006, Q4, p. 1-8
Publisher:	Federal Reserve Bank of Philadelphia
Subject:	Investments \| Markets \| Monetary policy

More details

Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004967409