How Useful is M2 Today?

FRB Richmond Economic Review, Vol. 78, No. 5, September/October 1992, pp. 12-16

15 Pages Posted: 7 Nov 2012

See all articles by Robert L. Hetzel

Robert L. Hetzel

Federal Reserve Banks - Federal Reserve Bank of Richmond

Date Written: 1992

Abstract

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.

Suggested Citation

Hetzel, Robert L., How Useful is M2 Today? (1992). FRB Richmond Economic Review, Vol. 78, No. 5, September/October 1992, pp. 12-16, Available at SSRN: https://ssrn.com/abstract=2125142

Robert L. Hetzel (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States

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