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How the Fed Moves Markets

Central Bank Analysis for the Modern Era

Authors: Schnidman, Evan A., MacMillan, William D.

  • 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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Buy this book

eBook $54.99
price for USA (gross)
  • ISBN 978-1-137-43258-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.99
price for USA
  • ISBN 978-1-137-43257-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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.

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.

Table of contents (17 chapters)

  • Introduction

    Schnidman, Evan A. (et al.)

    Pages 1-5

  • Origins: From Chaos to Structure

    Schnidman, Evan A. (et al.)

    Pages 9-16

  • Independence: Wars, Depression, and Politics

    Schnidman, Evan A. (et al.)

    Pages 17-30

  • Centralization: The Rise of Technocracy

    Schnidman, Evan A. (et al.)

    Pages 31-38

  • Transparency: Data Meets Democracy

    Schnidman, Evan A. (et al.)

    Pages 39-48

Buy this book

eBook $54.99
price for USA (gross)
  • ISBN 978-1-137-43258-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.99
price for USA
  • ISBN 978-1-137-43257-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
How the Fed Moves Markets
Book Subtitle
Central Bank Analysis for the Modern Era
Authors
Copyright
2016
Publisher
Palgrave Macmillan US
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-43258-2
DOI
10.1057/9781137432582
Hardcover ISBN
978-1-137-43257-5
Edition Number
1
Number of Pages
X, 198
Topics