Work

An Alternative Monetary Aggregate: M2 Plus Household Holdings of Bond and Equity Mutual Funds

Year: 1994

Type: article

Abstract: The authors propose that bond and equity mutual funds ought to be added to M2, but offer some caveats. They review the recent behavior of M2 and its deterioration as a predictor of economic activity, provide historical background on the mutual fund industry, and ask whether bond and equity mutual funds meet the tests of “moneyness” usually applied to assets considered for inclusion in a monetary aggregate.

DOI: 10.20955/r.76.7-30

Authors: Sean Collins, Cheryl L. Edwards

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: gold

OpenAlex ID: W1490737447

FWCI: 10.58

Cites: 2

Cited by: 23

Related to: 10