monetary aggregate
1
7.0
- noun
- /ˈmʌnɪˌtɛri ˈæɡrɪɡeɪt/
- Specialized
:
agregado monetario
- Central banks monitor monetary aggregates to assess the health of the economy and make informed policy decisions.
- manipulation of monetary aggregates
- discretionary manipulation of monetary aggregates
Examples
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The Fed has taken certain measures to cushion the impact of QE on broader monetary aggregates.
Blog text (24) -
In the meantime, the Federal Reserve would remain in the current policy purgatory, lacking the policy instruments to achieve predictable influence over either monetary aggregates or market-determined interest rates.
Academic text (2017) -
Open market operations to increase or decrease the portfolio of earning assets held by the central bank would have no predictable effects on interest rates or on the growth rates of monetary aggregates.
Academic text (2017) -
Shifts in the narrow monetary aggregates that are unexpected may cause temporary disruptions in economic activity, but in the long run, determine only the general level of prices.
Academic text (1993) -
Regardless of the kind of rule adopted, it is essential that the target growth rate of the chosen monetary aggregate is adhered to for several years (to favor stable expectations).
Academic text (1990) -
"The broader monetary aggregates rose significantly, but the government didn't even keep data on M1 and M2 until fairly recently.
Blog text (34) -
Plus, absolutely none of the US major monetary aggregates are shrinking (as in they're all growing at a YoY rate well above zero).
Blog text (4) -
Nonetheless, the Fed retained great leeway to adjust the targets, redefine monetary aggregates, and alter operating procedures.
Academic text (1993) -
Discretionary manipulation of monetary aggregates by "independent" central banks can produce procyclical rather than anti-cyclical consequences.
Academic text (1990) -
In order for the value of fiat money to be determinate, therefore, an appropriate monetary aggregate must have a clear and positive opportunity cost relative to nonmonetary assets.
Academic text (2018)
Synonyms
36
3.1
All the money in cash and bank accounts that people use in a country
How Broad
- Specialized
1
7.0
- Specialized
36
3.1
Surface Forms
Morphology
The meaning 'a total amount of money in circulation' is directly compositional from 'monetary' (pertaining to money) + 'aggregate' (total sum), so a learner who knows both words can reasonably infer the phrase's meaning. Although it's a technical economic term, the semantic combination is transparent and mirrors similar constructions in many languages, making it predictable for B1 learners who know the constituents.
Etymology
The term monetary aggregate comes from the simple picture of all kinds of money being gathered into one pile: monetary means money and aggregate means a group or 'total'. So the phrase names a measure that shows the 'total' amount of money in an economy.