New Forms of Money and the U.S. Monetary Aggregates

Kristen Payne and Mary-Frances Styczynski

No 2026-09-04, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The money supply is defined as a group of safe assets with stable values that households and businesses can use to make payments or to hold as short-term investments. In the U.S., the Federal Reserve measures the money supply using officially defined monetary aggregates, which classify assets according to their liquidity and function—a store of value versus a medium of exchange.

Date: 2026-09-04
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:103750

DOI: 10.17016/2380-7172.4150

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