Daniel L. Thornton
Abstract
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This article reviews the financial innovations and regulatory changes of 1981, the impact of these changes on the growth rates of the various monetary aggregates, and the annual policy objectives of the FOMC for the growth of various monetary aggregates.
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This article reviews the financial innovations and regulatory changes of 1981, the impact of these changes on the growth rates of the various monetary aggregates, and the annual policy objectives of the FOMC for the growth of various monetary aggregates.
Key concepts: Monetary economics, Economics, Control (management), Monetary policy, Financial system, Management