Overview
- QUANTITATIVE TECHNIQUE: Unlike the majority of research surrounding the Fed, this book shows how quantitative techniques for analyzing policy and efficiency projections.
- EXPERT DATA ANALYST: Schnidman is a veteran of the professional finance world. He is the primary author of FedPlaybook.com, and writes for Bloomberg News, Seeking Alpha, Yahoo News, and Nasdaq on investor forecasting.
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About this book
Central banks have a profound impact on financial markets, and investors struggle to keep informed about their complex policy decisions. Technological and financial developments have transformed the US Federal Reserve Bank from a financial black box into a vocal, increasingly transparent institution—and the result is such a wealth of textual data that clues to future policy decisions may be lost among the details.
This book presents a solution to this problem by keeping track of those details. Schnidman and MacMillan demonstrate how the latest advances in automated text analysis, combined with the precision of domain expertise, are the keys to understanding how central banks move markets with their words. The authors outline a method to not only examine every piece of every central bank communication, but to do it in a way that is completely comprehensive and unbiased while quickly yielding hard, quantitative data that can be put to work in modern financial models.
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Table of contents (17 chapters)
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Front Matter
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Introduction
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Emergence and Evolution: The Story of the Fed
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Front Matter
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Fed Watching: Sentiment Analysis and Data-Driven Investing
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Front Matter
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Global Monetary Policy: Analyzing Central Banks around the World
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Front Matter
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About the authors
Evan A. Schnidman and William D. MacMillan founded Prattle, a text analytics company, to showcase their novel methodology and innovative financial data on central bank communications. CEO Schnidman holds a PhD from Harvard University, USA, and has extensive experience in finance and political economy. CTO MacMillan holds a PhD from the University of Michigan, USA, and has substantial experience as both a professional statistician and a corporate data scientist.
Bibliographic Information
Book Title: How the Fed Moves Markets
Book Subtitle: Central Bank Analysis for the Modern Era
Authors: Evan A. Schnidman, William D. MacMillan
DOI: https://doi.org/10.1057/9781137432582
Publisher: Palgrave Macmillan New York
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016
Hardcover ISBN: 978-1-137-43257-5Published: 02 December 2015
eBook ISBN: 978-1-137-43258-2Published: 29 April 2016
Edition Number: 1
Number of Pages: X, 198
Topics: Banking, Financial History, Public Finance, Economics, general