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How useful is M2 today?

Robert L. Hetzel
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Robert L. Hetzel: Federal Reserve Bank of Richmond

Economic Review, 1992, issue sep, 12-25

Abstract: One of the most difficult aspects of formulating monetary policy is assessing the impact of policy actions on the public's dollar spending. Historically, the behavior of M2 has offered considerable information about the impact of monetary policy on dollar spending. It appears likely that M2 will continue to offer useful information to the policymaker.

Keywords: Money; supply (search for similar items in EconPapers)
Date: 1992
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