Journal Article

Monetarism and the M1 target


Abstract: An examination of the apparent breakdown in the relationship between M1 and economic activity, with a discussion of the historical perspective of the breakdown of velocity in the 1980s, and of the monetarist position on recent experience.

Keywords: Monetary policy; Money supply;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1986

Issue: Oct

Order Number: 1