The Role of Monetary Policy in Investment Management - Couverture souple

Jensen, Professor Gerald; Johnson, Robert; Mercer, Jeffrey M.

Couverture souple

ISBN 10 : 0943205506 ISBN 13 : 9780943205502

Editeur : Research Foundation of the Association for Investment Management & Research, 2001

Synopsis

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.

A propos du livre

À propos de l?auteur

Gerald R. Jensen is professor of finance at Northern Illinois University, He has published extensively in the leading finance journals,including Journal of Financial Economics, Journal of Financial and Quantita-tiveAnalysis, Journal of Banking and Finance, Financial Analysts Journal, andJournal of Portfolio Management. Professor Jensen was the recipient ofresearch grants from the Investment Analysts Society of Chicago (1997 and1998) and the Foundation for Managed Derivatives Research (2000). He holdsa Ph.D. from the University of Nebraska-Lincoln.Robert R. Johnson, CFA, is a senior vice president in the curriculum andexaminations department at AIMR. Previously, he taught at CreightonUniversity, where he was professor of economics and finance and therecipient of the university's 1994 Robert F. Kennedy Award for TeachingExcellence. Mr. Johnson is the author of more than 40 articles in suchpublications as Journal of Financial Economics, Journal of Finance, FinancialAnalysts Journal, and Journal of Portfolio Management. He holds a Ph.D. fromthe University of Nebraska-Lincoln.Jeffrey M. Mercer is associate professor and former chair of the departmentof finance in the College of Business at Northern Illinois University. Prior to rejoining thefaculty at NIU, he served as vice president and director of research at IbbotsonAssociates of Chicago. Professor Mercer's published work appears inacademic and practitioner journals, including Journal of Financial Economics,Journal of Financial Research, Financial Analysts Journal, Journal of PortfolioManagement, and Journal of Futures Markets. He is a member of theInvestment Analysts Society of Chicago and AIMR. Professor Mercer holds aPh.D. in finance from Texas Tech University.

Détails de l'édition

• Éditeur: Research Foundation of the Association for Investment Management & Research
• Date d'édition: 2001
• Langue: anglais
• ISBN 10: 0943205506
• ISBN 13: 9780943205502
• Reliure: Broché
• Nombre de pages: 104
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible