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1987•Economic Commentary (Federal Reserve Bank of Cleveland)Requires access

M1A - M.I.A.?

William T. Gavin, Michael R. Pakko

Open publisher page 1 citations

Abstract

For many years, monetary policy has been implemented largely through the pursuit of monetary aggregate targets. The Federal Open Market Committee (FOMC), the policy making arm of the Federal Reserve System, sets target ranges for the growth of various monetary aggregates, which are intended to be consistent with the broader objectives of policy.

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What this paper is about

For many years, monetary policy has been implemented largely through the pursuit of monetary aggregate targets. The Federal Open Market Committee (FOMC), the policy making arm of the Federal Reserve System, sets target ranges for the growth of various monetary aggregates, which are intended to be consistent with the broader objectives of policy.

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OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

For many years, monetary policy has been implemented largely through the pursuit of monetary aggregate targets. The Federal Open Market Committee (FOMC), the policy making arm of the Federal Reserve System, sets target ranges for the growth of various monetary aggregates, which are intended to be consistent with the broader objectives of policy.

Key concepts: Monetary policy, Open market operation, Economics, Aggregate (composite), Quantitative easing, Forward guidance, Monetary economics, Macroeconomics

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