Journal Article
MZM: a monetary aggregate for the 1990s?
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.
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https://fraser.stlouisfed.org/title/economic-review-federal-reserve-bank-cleveland-1328/1996-quarter-2-4725?page=16
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Review
Publication Date: 1996
Issue: Q II
Pages: 15-23