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October 2008 Bluebook Tables and Charts
Money and Debt Forecasts
Table 2: Alternative Growth Rates for M2
50 bp Ease | 25 bp Ease | No Change | Greenbook Forecast* | |||
---|---|---|---|---|---|---|
Monthly Growth Rates | ||||||
Apr-08 | 2.1 | 2.1 | 2.1 | 2.1 | ||
May-08 | 1.5 | 1.5 | 1.5 | 1.5 | ||
Jun-08 | -0.3 | -0.3 | -0.3 | -0.3 | ||
Jul-08 | 6.4 | 6.4 | 6.4 | 6.4 | ||
Aug-08 | -1.5 | -1.5 | -1.5 | -1.5 | ||
Sep-08 | 15.6 | 15.6 | 15.6 | 15.6 | ||
Oct-08 | 17.1 | 17.1 | 17.1 | 17.1 | ||
Nov-08 | 7.0 | 6.6 | 6.2 | 7.0 | ||
Dec-08 | 6.8 | 6.0 | 5.2 | 7.0 | ||
Jan-09 | 4.4 | 3.6 | 2.8 | 5.0 | ||
Feb-09 | 2.8 | 2.1 | 1.4 | 4.0 | ||
Mar-09 | 1.5 | 1.0 | 0.5 | 3.0 | ||
Quarterly Growth Rates | ||||||
2008 Q2 | 5.2 | 5.2 | 5.2 | 5.2 | ||
2008 Q3 | 3.6 | 3.6 | 3.6 | 3.6 | ||
2008 Q4 | 11.4 | 11.2 | 11.0 | 11.4 | ||
2009 Q1 | 4.6 | 3.8 | 3.1 | 5.2 | ||
Annual Growth Rates | ||||||
2007 | 5.7 | 5.7 | 5.7 | 5.7 | ||
2008 | 7.5 | 7.5 | 7.4 | 7.5 | ||
2009 | 2.0 | 1.7 | 1.4 | 2.8 | ||
2010 | 3.2 | 3.2 | 3.2 | 3.0 | ||
Growth | From | To | ||||
Oct-08 | Mar-09 | 4.5 | 3.9 | 3.2 | 5.2 |
* This forecast is consistent with nominal GDP and interest rates in the Greenbook forecast. Return to table
Last update: March 7, 2014