Shadow Open Market Committee

Monetary Policy Indicators
November 9, 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 9/03)
  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 9/03)
  10. Taylor Rules for the Funds Rate
  11. Federal Funds Targets for 2003Q4
    Taylor Rule Calculations
  12. Key Assumptions for
    Taylor Rule Calculations
  13. McCallum Rules for the Monetary Base
  14. Monetary Base Growth Targets
    McCallum Rule Calculations
  15. Key Assumptions for
    McCallum Rule Calculations
  16. Definition of Monetary Variables
  17. Definition of Price Indexes
  18. Other Variables Used