Monetarism and the M1 target

William Gavin ()

Economic Commentary, 1986, issue Oct

Abstract: An examination of the apparent breakdown in the relationship between M1 and economic activity, with a discussion of the historical perspective of the breakdown of velocity in the 1980s, and of the monetarist position on recent experience.

Keywords: Monetary policy; Money supply (search for similar items in EconPapers)
Date: 1986
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