The Federal Reserve's semiannual monetary policy report — released just days ahead of Fed Chair Kevin Warsh's inaugural ...
Federal Reserve Chairman Kevin Warsh has reintroduced monetary aggregates, particularly the M2 money supply, as a significant ...
The European Central Bank (ECB) and the Federal Reserve share a similar goal, price stability, and their strategies to pursue their goals are similar–with one notable difference. When considering long ...
In 1994, a symposium was held on the measurement of the U.S. monetary aggregates. As a result of this symposium, the main components and data sources used at the time to construct the U.S. monetary ...
The analysis finds that none of the arguments provides a compelling reason to assign a prominent role to monetary aggregates. In conventional macroeconomic thinking, the money supply is considered the ...
Your question highlights a common misconception about how the Fed conducts monetary policy. For a period of time, the Fed did in fact implement monetary policy by controlling the monetary aggregates ...
Rotemberg, Julio J. "Commentary on 'Monetary Aggregates, Monetary Policy and Economic Activity'." Dimensions of Monetary Policy: Essays in Honor of Anatol B. Balbach Federal Reserve Bank of St. Louis ...
This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary ...
In conventional macroeconomic thinking, the money supply is considered the main determinant of long-run inflation. A variety of monetary aggregates have been proposed to measure the money supply. Yet, ...