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基本説明
This highly innovative book provides new insights on the business cycle and exposes the flaws in current monetary policy. It advocates a new, credit-based framework which can provide investors with the returns they need whilst eliminating the volatility that has plagued the industry in recent years, and will prove to be an invaluable guide for investors in today's post-crisis landscape.
Full Description
The Financial Crisis has led to a decade of poor returns for pension schemes and lower retirement incomes. Credit-based investment strategies that track the business cycle, are allowing preservation of investors' capital. This book provides analysis and investment strategy plans to generate equity-like-returns with bond like volatility.
Contents
Introduction The Great Moderation and the Unravelling of a Great Myth From Model Failures to Streams of Data The Problem of Credit The Vienna and Stockholm Schools: A Dynamic Disequilibrium Approach The Neo-Wicksellian Framework Testing Wicksellianism The Creation and Destruction of Capital Where are the Customer's Yachts? Post Script - Constructing Business Cycle Tracking Funds
Endnotes
Bibliography
