In early 2009, short-term bond yields in the United States fell to less than 0.5 percent. Yet

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In early 2009, short-term bond yields in the United States fell to less than 0.5 percent. Yet relatively few people moved their assets out of bonds into banks. How might this failure of openmarket operations be explained?

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 30, 2018 02:47 AM

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In early 2009, short-term bond yields in the United States fell to less than 0.5 percent. Yet

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Economic theory suggests that as bond yields fall the opportunity c...View the full answer

The Macro Economy Today

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