Background
Goldfeld, Stephen Michael was born on August 9, 1940 in Bronx, New York, United States. Son of Julius Morris and Ethel (Hammer) Goldfeld.
(The original impetus for this research was provided sever...)
The original impetus for this research was provided several years ago by a request to assist Counsel for Fidelity Management and Research Corporation in analyzing the mutual fund industry, with particular emphasis on money market mutual funds. We were asked to focus our efforts on the mechanism by which the advisory fees of mutual funds are determined. This request arose out of litigation that challenged the level of advisory fees charged to the shareholders of the Fidelity Cash Reserve Fund. Subsequently, we were asked to provide similar assistance to Counsel for T. Rowe Price Associates regarding the fees charged to shareholders of their Prime Reserve Fund. 1940, advisers of Under the Investment Company Act of mutual funds have a fiduciary duty with respect to the level of fees they may charge a fund's shareholders. Since the passage of the Investment Company Act, there have been numerous lawsuits brought by shareholders alleging that advisory fees were excessive. In these lawsuits, the courts have failed to provide a set of standards for determining when such fees are excessive. Instead, they have relied on arbitrary and frequently ill-defined criteria for jUdging the reasonableness of fees. This failure to apply economic-based tests for evaluating the fee structure of mutual funds provided the motivation for the present book, which undertakes a comprehensive analysis of the economics of the mutual fund industry.
http://www.amazon.com/gp/product/0792390431/?tag=2022091-20
(The original impetus for this research was provided sever...)
The original impetus for this research was provided several years ago by a request to assist Counsel for Fidelity Management and Research Corporation in analyzing the mutual fund industry, with particular emphasis on money market mutual funds. We were asked to focus our efforts on the mechanism by which the advisory fees of mutual funds are determined. This request arose out of litigation that challenged the level of advisory fees charged to the shareholders of the Fidelity Cash Reserve Fund. Subsequently, we were asked to provide similar assistance to Counsel for T. Rowe Price Associates regarding the fees charged to shareholders of their Prime Reserve Fund. 1940, advisers of Under the Investment Company Act of mutual funds have a fiduciary duty with respect to the level of fees they may charge a fund's shareholders. Since the passage of the Investment Company Act, there have been numerous lawsuits brought by shareholders alleging that advisory fees were excessive. In these lawsuits, the courts have failed to provide a set of standards for determining when such fees are excessive. Instead, they have relied on arbitrary and frequently ill-defined criteria for jUdging the reasonableness of fees. This failure to apply economic-based tests for evaluating the fee structure of mutual funds provided the motivation for the present book, which undertakes a comprehensive analysis of the economics of the mutual fund industry.
http://www.amazon.com/gp/product/9401074798/?tag=2022091-20
(McGraw-Hill’s Connect® for Economics is a web-based homew...)
McGraw-Hill’s Connect® for Economics is a web-based homework management system that gives instructors the power to create assignments, practice, tests, and quizzes online, while saving time! Connect provides the problems directly from the end-of-chapter material in Cecchetti & Schoenholtz, Money, Banking, and Financial Markets, 3e, so instructors can easily create assignments and tests and deliver them to students. Connect also grades assignments automatically, providing instant feedback to students, and securely stores all student results. Detailed results let instructors see at a glance how each student performs and easily track the progress of every student in your course.
http://www.amazon.com/gp/product/0077445899/?tag=2022091-20
university official economics educator
Goldfeld, Stephen Michael was born on August 9, 1940 in Bronx, New York, United States. Son of Julius Morris and Ethel (Hammer) Goldfeld.
Bachelor of Arts (Mathematics) Harvard University, 1960. Doctor of Philosophy Massachusetts Institute of Technology, Cambridge, Mass., USA, 1963.
Assistant Professor, Association Professor, Princeton University, 1963-1966, 1966-1969;
Member, Senior Economics, United States President's Council Economics Advisers, 1966-1967,1980-1981. Visiting Professor, Core, University Louvain, Belgium, 1970. Ford Visiting Professor, University California Berkeley, 1975-1976.
Mendes-France Professor, Technion, Haifa, Israel, 1980. Professor Economics and Banking, Princeton University, Princeton, New Jersey, United States of America, since 1969. Association Editor, Int Economic Record, since 1971, / Econometrica, since 1972, American Economic Review, 1973-1975, Review of Economics and Statistics, since 1973, Journal of Money, Credit and Banking, since 1981.
(McGraw-Hill’s Connect® for Economics is a web-based homew...)
(The original impetus for this research was provided sever...)
(The original impetus for this research was provided sever...)
Author: Commercial Bank Behavior and Economic Activity, 1966, Precursors in Mathematical Economics, 1968, Nonlinear Methods in Econometrics, 1972, Studies in Nonlinear Econometrics, 1976, The Economics of Money and Banking, 1986, The Economics of Mutual Fund Markets, 1990. Associate editor Journal Money, Credit and Banking, 1980-1992, Pakistan Development Review, from 1981. Contributor articles to professional journals.
I have continued to work on the three topics which formed the basis of my doctoral dissertation — money and banking, macroeconomics and econometrics. My interests in macroeconomics and money have been revitalised by serveral stints in government policy positions. These have also served to contrast the ‘real world’, the textbook world, and the academic-journal world, and I have tried on occasion to bridge these gaps in research.
My interests in econometrics have been both applied and methodological. In contrast with the sometimes frustrating experience of empirical work, I find that theoretical econometrics is often refreshingly clean and satisfying. I would put my work in nonlinear methods and disequilibrium econometrics in this category.
Democratic campaign finance chairman, Princeton, 1969. Board directors New Jersey Educational Computing Center, 1969-1970. Fellow Econometric Society.
Member American Economic Association, American Statistical Association, American Finance Association.
Married Laura Heend, July 1, 1962. Children: Melanie, Keith.