Journal Article
Monetary policy and the M2 target
Gavin, William T.; Black, Susan (1989-12)
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.
Economic Commentary , Issue Dec

Journal Article
Price stability and the Swedish monetary experiment
Gavin, William T.; Black, Susan (1990-12)
An examination of the feasibility and appropriateness of establishing a direct, price-index target as the primary objective of U.S. monetary policy, with particular emphasis on the Swedish Riksbank's experiment with such an approach during the 1930s.
Economic Commentary , Issue Dec