Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its ...

We also ask whether the most informative monetary aggregates include dollar assets. Based on an analysis of five countries, we conclude inter alia that broader aggregates that include dollar assets ...

The paper discusses how a policy formulation framework based on monetary aggregates can be combined with an operational framework that ensures more stable and predictable short-term rates to enhance ...

These measures are typically classified as "M" s and fall along a spectrum from narrow to broad monetary aggregates. M2 is a more comprehensive calculation than M1 and includes highly liquid ...

Annual growth rate of broad monetary aggregate M3 decreased to 3.6% in March 2025 from 3.9% in February (revised from 4.0%) Annual growth rate of narrower monetary aggregate M1, comprising currency in ...