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Article: FEDERAL RESERVE BANK OF KANSAS CITY EXECUTIVE DISCUSSES M2 POLICY
- Article from:
- PR Newswire
- Article date:
- October 15, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FEDERAL RESERVE BANK OF KANSAS CITY EXECUTIVE DISCUSSES M2 POLICY
KANSAS CITY, Mo., Oct. 15 /PRNewswire/ -- The Federal Reserve may need to design a new framework for implementing monetary policy if M2 is found to be permanently unreliable as the principal policy guide.
That's the view of Bryon Higgins, vice president and associate director of research at the Federal Reserve Bank of Kansas City. Higgins discusses the relationship of M2 growth to monetary policy goals in the current issue of Economic Review, the quarterly research journal published by the Kansas City Fed.
His article, "Policy Implications of Recent M2 Behavior," argues that "the erratic behavior ...
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