In our last report to this committee, we noted that we had changed our fore-casting methodology, and were updating our data set each month to reflect the data that existed at that time, and then constructed truly ex-ante forecasts based on these data sets. Our analysis of the behavior of...

Since the last meeting of this committee, we have been experimenting with a different presentation of our forecasts of the MI - Adjusted Monetary Base Multiplier. In the past we have always constructed forecasts directly from the forecasts of the various component ratios, which come out of the...

1 Introduction -- Alternative Approaches to Money Stock Control -- Money Multiplier Forecasting -- Goals and Organization -- Summary of Results and Conclusions -- 2 The Money Multiplier Framework -- Derivation of Pre-1980 Money Multipliers -- Derivation of Post-1980 Money Multipliers --...