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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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File(s): File format is text/html http://www.clevelandfed.org/Research/Review/1996/96-q2-carlson.pdf

File(s): https://fraser.stlouisfed.org/scribd/?toc_id=345717&filepath=/docs/publications/frbclevreview/rev_frbclev_1996q2.pdf&start_page=16#scribd-open

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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