MZM: a monetary aggregate for the 1990s?

John Carlson () and Benjamin Keen

Economic Review, 1996, issue Q II, 15-23

Abstract: A presentation of some tentative evidence that MZM, an alternative money measure comprising all instruments payable at par on demand, has exhibited a fairly stable relationship with nominal GDP and with its own opportunity cost in recent years, suggesting a potential role for policy.

Date: 1996
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