The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin

تمرين 3

Go to http://www.federalreserve.gov/releases/h6/hist/ and find the historical report of M1 and M2. Compute the growth rate of each aggregate over each of the past three years (it will be easier to do this 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 your understanding of the needs of the economy? Why?