monetary aggregate


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monetary aggregate

n.
A formal measure of an economy's money supply based on a particular set of asset categories, such as cash, transactions accounts, and traveler's checks.
References in periodicals archive ?
During the first ten months of 2013, the monetary aggregate M2 increased by 16.
The latest monetary development report from the European Central Bank (ECB), published 28 November, showed that the annual growth rate of the broad monetary aggregate M3 decreased to 1.
8 percent in monetary aggregate M2, year-on-year for the first half of 2013.
The annual growth rate of the narrow monetary aggregate, M1, increased to 7.
During the year 2012, Monetary aggregate M2 increased by 4.
Relevant measures and objectives of the monetary policy are expressed via monthly monetary base, monetary aggregate (M2), consumer price index, and index of industrial production.
During the first 2 months of 2011, monetary aggregate M2 increased by 4.
The narrow monetary aggregate M1 registered an annual growth of 6.
Mills (2005), A new empirically weighted monetary aggregate for the United States.
The narrow monetary aggregate M1 registered an annual growth of 6% in May 2010, while the broad monetary aggregate M3 increased by 0.
Second, domestic monetary policy reacts contemporaneously to the interest rate, monetary aggregate, and exchange rate, but not to real gross domestic product (GDP) and price level.
6) Even more tellingly, the short statement that the FOMC releases after every meeting to explain its actions has never made a reference to a monetary aggregate since these statements were first issued in 19947 And, according to the latest transcripts of FOMC meetings that have been released to the public, FOMC members seldom mentioned the monetary aggregates in their deliberations in 2001.