money_demand | R Documentation |
A data frame of quarterly indicators useful for modeling the demand for money in the United States. Data go from the first quarter of 1960 to the third quarter of 2024.
money_demand
A data frame with 259 observations on the following 6 variables.
date
a date
m1
so-called 'narrow' money (M1) in supply, in billions, not seasonally adjusted
m2
monetary supply (M2), in billions, not seasonally adjusted
gnpdef
an implicit price deflator for gross national product (index, 2017 = 100)
ffer
the federal funds effective rate
rgnp
real gross national product (in 2017 dollars)
pcepi
the chain-type price index (index, 2017 == 100)
Data come by way of fredr call. Be mindful of changes in the definition of the money supply, especially as they manifest in May 2020. Subject domain expertise goes a long way here. The "M2" indicator is the "M1" indicator with small-time deposits that are "close substitutes" for M1.
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