Journal Article

The role of segmented markets in monetary policy


Abstract: 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.

Keywords: Monetary policy; Investments; Markets;

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Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Business Review

Publication Date: 2006

Issue: Q4

Pages: 1-8