The Money Supply in Australia: Prospects for 1984‐85

Abstract

The monitoring and control of the growth of monetary aggregates is an important aspect of monetary policy. The purpose of this article is to assess the likely growth of the money supply for 1984‐85. We conclude that the monetary policy of keeping M3 growth within the 8–10 per cent range is attainable and that this can be achieved through the use of open‐market operations without creating undue pressure on interest rates. Copyright © 1984, Wiley Blackwell. All rights reserved