Editorial Reviews
Book Description
Global stock and bond markets rise and fall in response to naunces in speeches made by Federal Reserve Board Chairman Alan Greenspan and other Fed officials. In fact, markets often vacillate immediately and dramatically in response to Greenspan's public remarks. The relationship bertween Fed monetary policy and security return patterns deserves serious examination, and receives it within these pages.This book presents substantial evidence that an association exists between monetary conditions and returns to various asset classes. It goes on to show how, over the past four decades, investors had the opportunity to use monetary policy to significantly enhance their portfolio performances.Designed to help readers better understand the importance of monetary policy in investment management, this book also explores topics such as- How one can gauge the monetary policy stance of the Federal Reserve- What actions the Federal Open Market Committee (FOMC) take that affect monetary aggregates- How many "tools" the Fed relies to carry out its objectives.
From the Author
Gerald R. Jensen is professor of finance at Northern Illinois University, where he teaches in the Review Course for CFA Candidates and the Executive MBA Program.
Robert R. Johnson is a senior vice president in the curriculum and examinations department at AIMR. Previously, he taught at Creighton University, where he was professor of economics and finance and the recipient of the university's 1994 Robert F. Kennedy Award for Teaching Excellence.
Jeffrey M. Mercer is associate professor and former chair of the department of finance in the College of Business at Northern Illinois University, where he is the director of the Review Course for CFA Candidates.
The Role of Monetary Policy in Investment Management (The Research Foundation of Aimr and Blackwell Series in Finance)
The Role of Monetary Policy in Investment Management (The Research Foundation of Aimr and Blackwell Series in Finance),Gerald R. Jensen,Robert R. Johnson,Jeffrey M. Mercer,Research Foundation of AIMR (CFA Institute),0943205506,Business & Economics,Business / Economics / Finance,Business/Economics,Corporate Finance,Finance,Investments,Investments & Securities - General,Monetary policy,Money & Monetary Policy,United States,Business & Economics / Investments & Securities,MONETARY POLICY_UNITED STATES
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