Federal Reserve Bank of Cleveland
Monetary policy and the M2 target
An analysis of the Federal Reserve's use of the M2 monetary aggregate as both a short-term and long-term policy guide, asserting that the FOMC's tentative target range for M2 growth in 1990 permits ample opportunity for the inflation rate to either accelerate or decline during the next few years.
Cite this item
Susan Black & William T. Gavin, "Monetary policy and the M2 target"
, Federal Reserve Bank of Cleveland, Economic Commentary, issue Dec, 1989.
Keywords: Monetary policy ; Money supply
This item with handle RePEc:fip:fedcec:y:1989:i:dec1
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