The Role of Monetary Policy in Investment Management
Robert R. Johnson, CFA and Jeffrey M. Mercer Gerald R. Jensen
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 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.
Рік:
2000
Видавництво:
Research Foundation of AIMR & Blackwell Publishers
Мова:
english
Сторінки:
72
ISBN 10:
0943205506
ISBN 13:
9780943205502
Файл:
PDF, 1.05 MB
IPFS:
,
english, 2000