St. Louis Adjusted Monetary Base: A Federal Reserve Policy Indicator

Revised Measure of the St. Louis Adjusted Monetary Base tracks the monetary base adjusted by the Federal Reserve Bank of St. Louis. This indicator has been monitored since its introduction in 1968 to assess the stance of quantitative monetary policy. Historical evidence links its growth to inflation trends, and it plays a central role in monetary economic models as a risk-free asset and settlement medium.

Use Cases

• Analyzing the impact of Federal Reserve quantitative easing based on monetary base growth.
• Modeling inflation trends using historical monetary base data as a leading indicator.
• Studying bank reserve requirements and portfolio adjustment in monetary economic models.
• Assessing the stance of monetary policy over extended historical periods.

Strengths

• Produced by an authoritative source, the Federal Reserve Bank of St. Louis.
• Has a long historical relevance, being monitored as an indicator since 1968.
• The dataset's description provides a clear theoretical and practical context for its use in economics.

Limitations

• Key metadata such as row count, specific columns, file format, and last update date are unknown.
• The license is listed as 'closed', which restricts access and reuse.
• Some platform tags appear irrelevant (e.g., 'Art', 'Art history'), suggesting potential metadata contamination.

Provenance

Source

Federal Reserve Bank of St. Louis, authored by Richard G.W. Anderson.

Time Range

Data likely begins in or around 1968, but exact coverage is unspecified.

Geography

Primarily the United States, with references to other countries in the descriptive context.