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When the Fed Uses Money Growth Rates as an Intermediate

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When the Fed uses money growth rates as an intermediate target, it implicitly assumes that the velocity of money is constant over time, at least in the short run.


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The process of retaining data or records in a structured format for future use or reference.

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The complex organ in living organisms responsible for controlling bodily functions and enabling thought, memory, and feeling.

Masculine Listening Style

A listening approach often characterized by a focus on problem-solving and obtaining information, rather than empathy or emotional support.

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Socially learned and reinforced characteristics that include one’s biological sex and psychological (feminine, masculine, or androgynous) characteristics.

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