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Monetary policy and the M2 target

Susan Black and William Gavin ()

Economic Commentary, 1989, issue Dec

Abstract: An analysis of the Federal Reserve's use of the M2 monetary aggregate as both a short-term and long-term policy guide, asserting that the FOMC's tentative target range for M2 growth in 1990 permits ample opportunity for the inflation rate to either accelerate or decline during the next few years.

Keywords: Monetary policy; Money supply (search for similar items in EconPapers)
Date: 1989
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Handle: RePEc:fip:fedcec:y:1989:i:dec1