One of the most difficult aspects of formulating monetary policy is assessing the impact of policy actions on the public's dollar spending. Historically, the behavior of M2 has offered considerable information about the impact of monetary policy on dollar spending. It appears likely that M2 will continue to offer useful information to the policymaker.Money supply

Robert L. Hetzel

English

Research Papers in Economics

An Econometric Analysis of U.K. Money Demand in Monetary Trends in the UnitedSrates and the United Kingdom by Milton Friedman and

An Error-Correction Model of U.S.

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The Estimation of Prewar Gross National Product: Methodology and New Evidence,”

The Fed Can’t See the Forest for the Trees,” Northern Trust Money Markef Commentary,

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How useful is M2 today?

http://www.rich.frb.org/publications/research/economic_review/1992/pdf/er780502.pdf

How useful is M2 today?

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Research Papers in Economics