M1 money growth in the us was about 15 in 2011 and 2012 and, Ask an Expert

Economics

M1 money growth in the U.S. was about 15% in 2011 and 2012, and 10% in 2013. Over the same time period, the yield on 3-month Treasury bills was close to 0%. Given these high rates of money growth, why did interest rates stay so low, rather than increase? What does this say about the income, price-level, and expected-inflation effects?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91996495

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