Results 1 - 1 of 1 for Federal Funds Rate [Author: Cheryl L. Edwards]
The authors propose that bond and equity mutual funds ought to be added to M2, but offer some caveats. They review the recent behavior of M2 and its deterioration as a predictor of economic activity, provide historical background on the mutual fund industry, and ask whether bond and equity mutual funds meet the tests of “moneyness” usually applied to assets considered for inclusion in a monetary aggregate.
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