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Monetary policy and the M2 target

Author

Listed:
  • Susan Black
  • William T. Gavin

Abstract

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.

Suggested Citation

  • Susan Black & William T. Gavin, 1989. "Monetary policy and the M2 target," Economic Commentary, Federal Reserve Bank of Cleveland, issue Dec.
    • Handle: RePEc:fip:fedcec:y:1989:i:dec1
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    Citations

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    Cited by:

    1. Rudiger Dornbusch & Ferico Sturzenegger & Holger Wolf, 1990. "Extreme Inflation: Dynamics and Stabilization," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 21(2), pages 1-84.

    More about this item

    Keywords

    Money supply; Monetary policy;

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