Journal Article
Understanding the recent behavior of M2
Abstract: A discussion of the unanticipated weakness in the M2 monetary aggregate in recent years, suggesting that the shortfall may be largely attributable to the restructuring of the thrift industry, and an explanation of why economic models predicting M2 growth have had difficulty tracking this weakness.
Keywords: Savings and loan associations; Money supply;
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 1991
Issue: Jun
Order Number: 2