Journal Article

Should the Federal Reserve continue to monitor credit?


Abstract: The erratic behavior of credit aggregates in recent years has led to questions about whether any credit measure is useful in conducting monetary policy. Empirical evidence suggests that the private component of total credit may provide useful information to monetary policymakers.

Keywords: Credit; Monetary policy - United States;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Review

Publication Date: 1988

Volume: 73

Issue: Jun

Pages: 39-50