Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of Kansas City
Research Working Paper
The real-time (in)significance of M2
Jeffery D. Amato

This paper examines the relationships between output, prices, interest rates, and M2 using data sets which were available in real time from 1973:1 to 1997:4. The purpose is threefold. First, the paper delineates a potential role for M2 in policymaking. Second, it provides a more accurate basis for interpreting historical policymaking. Third, it evaluates the cause and effect of the historical redefinitions of M2. The latter two objectives make it necessary to use data which was available to policymakers at the time decisions were made. In regard to the first objective, the approach is both novel and complementary to the existing literature.

Download Full text
Cite this item
Jeffery D. Amato, The real-time (in)significance of M2, Federal Reserve Bank of Kansas City, Research Working Paper 98-05, 1998.
More from this series
JEL Classification:
Subject headings:
Keywords: Money supply ; Interest rates ; Monetary policy
For corrections, contact Lu Dayrit ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal