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The Role of Monetary Policy in Investment ManagementGerald R. Jensen; Robert R. Johnson; Jeffrey M. Mercer ISBN 10: 0943205506 / 0-943205-50-6
ISBN 13: 9780943205502
Publisher: Blackwell Pub
Publication Date: 2001
Binding: Softcover
Synopsis:
Although monetary policy is widely believed to influence investment performance, surprisingly little evidence exists to substantiate the nature or significance of the connection. In this monograph, the authors investigate and document the relation between monetary policy and More... investment performance. In examining the correlation between directional changes in the discount rate and various asset classes, they unearth surprising findings for U.S. stock returns in particular.