Movements in the monetary aggregates affect the price level, interest rates, real output, and employment. For that reason they are among the most closely-watched financial statistics. This article provides a practical introduction and guide to the various monetary aggregates.

This paper examines the history of mREITs and their broader role in the REIT industry. Additionally, it reviews how mREITs operate, how they are regulated, the risks they face, how they manage these risks, and the dangers they pose for the broader financial system.

Legislative and regulatory actions taken in response to the financial turmoil that occurred between 2007-2009 expanded the extent to which financial institution liabilities were protected by federal government guarantees, i.e., these actions expanded the federal financial safety net. How large...