IEA Pocket Charts
Panel 2

Panel 2
Money Stock (M1) and Turnover (Money Demand) Ratio (% change)
(see also Panels 18 and 19 (for absolute values) and notes at bottom)


General notes

This is one of 20 regular and a dozen periodic chart panels taken as a sample from the final issue -- December 1979 -- of the initial series of IEA Pocket Charts. The compact and analytically advanced economic charts feature the following analytical features:

  1. "Flat horizontal" presentation, as growth rates or ratios to GDP -- to facilitate comparisons of different time periods and series
  2. Fluctuations shaded to "normal" lines -- made possible by such presentation
  3. Smoothing -- quarterly centered moving averages to eliminate "zig-zag noise"
  4. Economic conditions displayed for context as vertical bands or lines (see Economic Fluctuations Viewed in Growth Perspective for definitions of these terms), clearly illustrated in chart Panel 1:

A full guide to the presentation and analytical features of the charts -- an understanding of which is necessary for making full analytical use of the charts -- is available at How to Read IEA Charts.

Printing is best done in landscape mode. For portrait mode, use a 75% size factor.

Posted: December 22, 1998
Revised: January 14, 1999
To IEA home page
www.iea-macro-economics.org