Broaddus, Alfred; Goodfriend, Marvin - In: Economic Review (1984) Nov, pp. 3-14
The Federal Reserve has been announcing target ranges for the growth of M1 and other monetary aggregates since 1975. In “Base Drift and the Longer Run Growth of M1: Experience from a Decade of Monetary Targeting,” Alfred Broaddus and Marvin Goodfriend discuss a technical aspect of the...