🚀 go-pugleaf

It's always embarrassing to follow up one's own article.

In article <1993Jan27.195957.14893@Princeton.EDU> nfs@elan (Norbert Schlenker) writes:
>As for components of M1, though, there's a big difference.  Barron's
>shows:
>                              Travelers       Demand         NOWs &
>   Date        Currency1       checks2       deposits3     SuperNOWs
> --------------------------------------------------------------
-----
> 1991-DEC.       267.3           8.2           289.5         333.2
>... 
> 1992-DEC. p     392.5           8.6           338.9         280.5
>
>See the $100 billion difference in currency circulating in December
>1992?  Note that the Barron's components actually add up to the M1
>figures, and the entire M1 increase is accounted for by the (50%)
>increase in currency.
>
>Does anybody have the real numbers?

Having examined the series in back issues of Barron's, I think the
currency figures for Dec 1992 are mistaken (high by $100 billion).
The NOW figures are likely too low by $100 billion.  My apologies.

Norbert
nfs@cs.princeton.edu