Journal Article

Accelerating money growth: is M2 telling us something?


Abstract: A look at the recent acceleration in M2, examining evidence that its velocity has stabilized around a new trend, analyzing the usefulness of money in monetary policy deliberations, and highlighting some of the pitfalls of ignoring money growth.

Keywords: Monetary policy; Money supply; Velocity of money;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1997

Issue: Nov

Order Number: 1