I read 100 pages of Jack straight from the gut. Got it from amazon for 700 Yen. Nice read. Many key point to strategic planning and relational management skills.
Read Jim Hamilton s paper on Daily Monetary Policy Shocks and Delayed Response of New Home Sales. I attended his lecture when he was over at my university. The paper is interesting because I am aiming for similar direction in research.
In answering its own policy aims, the authority has to first know how the market can react. That in effect is to answer to the question "What do market currently expect me to do?".
By solving that first step, it is then possible to look at how the policy that is implemented into the market takes effects. Hamilton concluded that policy change has long lag in housing market because of heterogeneity of house buyer.
Read a section of Wooldridge Econometrics on forecasting.
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