Shadow Open Market Committee

Monetary Policy Indicators
May 18, 2003
  1. Shadow Open Market Committee
    Monetary Policy Indicators
  2. Inflation Measures
    (3 month moving average)
  3. Inflation Measures
    (12 month moving average)
  4. Inflation Rates
    Annualized Rates of Growth (ending 3/03)
  5. Federal Reserve's Central Tendency Forecasts
  6. Federal Funds Rate
  7. Monetary Growth Measures
    (3 month moving average)
  8. Monetary Growth Measures
    (12 month moving average)
  9. Monetary Growth Measures
    Annualized Rates of Growth (ending 3/03)
  10. Taylor Rules for the Funds Rate
  11. Federal Funds Targets for 2003Q2
    Taylor Rule Calculations
  12. McCallum Rules for the Monetary Base
  13. Monetary Growth Targets for 2003Q2
    McCallum Rule Calculations
  14. Definition of Monetary Variables
  15. Definition of Price Indexes
  16. Other Variables Used