Tracy Chan

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Bank publications

Bank of Canada Review articles

June 25, 2005

Changes in the Indicator Properties of Narrow Monetary Aggregates

Bank of Canada Review - Summer 2005 Tracy Chan, Ramdane Djoudad, Jackson Loi
Although many countries have abandoned monetary targeting in recent decades, monetary aggregates are still useful indicators of future economic activity. Past research has shown that, compared with other monetary aggregates and expressed in real terms, net M1 and gross M1 have traditionally provided superior leading information for output growth.
Content Type(s): Publications, Bank of Canada Review articles Topic(s): Monetary aggregates, Monetary and financial indicators

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