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March/April 1994, 
Vol. 76, No. 2
Posted 1994-03-01

A Historical Perspective on the Federal Reserve's Monetary Aggregates: Definition, Construction and Targeting

by Richard G. Anderson and Kenneth A. Kavajecz

This article discusses the construction, publica­tion, and evolution of monetary aggregates data since the inception of the Federal Reserve Sys­tem in 1914.