1.2. Go to www.federalreserve.gov/releases/h6/hist/ and find the historical report of M1, M2. Compute the growth rate in...
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1.2. Go to www.federalreserve.gov/releases/h6/hist/ and find the historical report of M1, M2. Compute the growth rate in each aggregate over each of the last three years (it will be easier to do if you move the data into Excel as demonstrated in Chapter 1). Does it appear that the Fed has been increasing or decreasing the rate of growth of the money supply? Is this consistent with what you understand the economy needs? Why?
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The Economics Of Money Banking And Financial Markets
ISBN: 9780321598905
9th Edition
Authors: Frederic S. Mishkin
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