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M2 growth in 1995: a return to normalcy?

Author

Listed:
  • John B. Carlson
  • Benjamin D. Keen

Abstract

A discussion of M2's demise as a reliable indicator of financial conditions in the economy, and a look at recent evidence suggesting that even though the aggregate has been behaving more normally over the past year or so, it is unlikely to regain its status as a key policy guide any time soon.

Suggested Citation

  • John B. Carlson & Benjamin D. Keen, 1995. "M2 growth in 1995: a return to normalcy?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Dec.
    • Handle: RePEc:fip:fedcec:y:1995:i:dec
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    Cited by:

    1. Thornton, Saranna R., 1998. "Suitable policy instruments for monetary rules," Journal of Economics and Business, Elsevier, vol. 50(4), pages 379-397, July.

    More about this item

    Keywords

    Economic indicators; Money supply;

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