Accelerating money growth: is M2 telling us something?

Economic Commentary, 1997, issue Nov

Abstract: A look at the recent acceleration in M2, examining evidence that its velocity has stabilized around a new trend, analyzing the usefulness of money in monetary policy deliberations, and highlighting some of the pitfalls of ignoring money growth.

Keywords: Money supply; Monetary policy; Velocity of money (search for similar items in EconPapers)
Date: 1997

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