The Truth About Money Velocity, Inflation and Excess Reserves.
#money #m2 #velocity #inflation #ioer #liquidity #federalreserve #qe #interestrates #loans #banks #economics #deflation
Today we will look int a subject that has been a big part of the inflation versus deflation debate in the last few years.
We will go thoroughly through a paper written by a Federal Reserve Bank of Minneapolis consultant about excess reserves and inflation.
My conclusion is the M2 money velocity has not been a good indicator for the potential rise in inflation and that it is not the same as it used to be prior to October 1st, 2008.
Should We Worry About Excess Reserves?:
https://www.minneapolisfed.org/article/2015/should-we-worry-about-excess-reserves-eppSUPPORT MANECO64:
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