"By focusing on Alan Greenspan's public pronouncements as Fed chairman, The Greenspan Effect provides a concise, accurate distillation of Greenspan's thinking on today's most important economic topics. It presents an historic, solidly researched overview of how these pronouncements have affected Wall Street and other world financial markets.

In so doing, this valuable profile equips investors and businesspeople with today's most important tool - an analysis of how Alan Greenspan has responded in past economic environments, what he is likely to do in the future, and how financial markets will react."--BOOK JACKET.