1Friedman refused to get caught up in a discussion of which monetary aggregate was in some normative sense the best one to use.
2Growth in the monetary aggregates is, in any event, mostly endogenous.
3Monetary aggregates look worrisome even though all major central banks have raised interest rates in the past few years.
4While the narrow money base has grown rapidly, the broader monetary aggregates, more relevant for quantity theory, have not.
Translations for monetary aggregate