Monetary policy has increasingly become the focus of economists and investors. This report describes the factors driving interest rates across the economic cycle. Written by an experienced fixed income analyst, it explains in straightforward terms the theory that lies behind central bank thinking. Although monetary theory appears complex and highly mathematical, the text explains how decisions still end up being based upon qualitative views about the state of the economy.Bond Economics
The text makes heavy use of charts of historical data to illustrate economic concepts and modern monetary history. The report is informal, but contains references and suggestions for further reading.
This report is currently available in eBook format only. The text is around 27,000 words, and is richly illustrated.….
Interest Rate Cycles: An Introduction
Brian Romanchuk
3 comments:
Romanchuk got it backwards, Investors have become the focus of Mon Pol Economists.
I think that is what Brian is saying here Ryan:
" Although monetary theory appears complex and highly mathematical, the text explains how decisions still end up being based upon qualitative views about the state of the economy."
We push to new highs on S&Ps and its a lock they resume raising imo....
Nice push up today but we need it way over 2100 if not exactly new highs... then we'll be back in business...
Ryan,
That's actually a topic that I could have had a rant about within the book. (If there's a second edition, maybe I could work it in...) Historically, the Fed ignored the stock market. That changed during the Greenspan era, and the "Wealth Effect" became a big thing. Bundesbankers definitely did not approve of Greenspan's attitude...
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