The European Central Bank (ECB) and the Federal Reserve share a similar goal, price stability, and their strategies to pursue their goals are similar–with one notable difference. When considering long ...

The analysis finds that none of the arguments provides a compelling reason to assign a prominent role to monetary aggregates. In conventional macroeconomic thinking, the money supply is considered the ...

In 1994, a symposium was held on the measurement of the U.S. monetary aggregates. As a result of this symposium, the main components and data sources used at the time to construct the U.S. monetary ...

Annual growth rate of broad monetary aggregate M3 increased to 3.2% in March 2026 from 3.0% in February Annual growth rate of ...

Your question highlights a common misconception about how the Fed conducts monetary policy. For a period of time, the Fed did in fact implement monetary policy by controlling the monetary aggregates ...

Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation. With the recent passage of the GENIUS Act, the United ...

This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary ...

New York, N.Y. – December 3, 2008 – In conventional macroeconomic thinking, the money supply is considered the main determinant of long-run inflation. A variety of monetary aggregates have been ...