The demand for M2, opportunity cost, and financial change

John Carlson () and Sharon E. Parrott

Economic Review, 1991, vol. 27, issue Q II, 2-11

Abstract: An analysis of the recent weakness in M2 growth that attempts to measure the opportunity cost of the aggregate more accurately and that explores the potential effects of the thrift industry restructuring on the adjustment of money demand to its long-run equilibrium level.

Date: 1991
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