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RBA Glossary definition for broad money

broad money – The widest definition of money published by the Reserve Bank of Australia (RBA). Broad money is defined as currency plus ADI deposits from the non-AFI private sector, plus other short-term liquid AFI liabilities held by the non-AFI private sector.

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Shifts of the LM Curve

1 May 1983 RDP 8301
Carolyn J. Moses
producing higher levels of income (for any given IS curve) and a higher velocity of circulation of money (M1). ... 1979). Over the last two decades in Australia, the velocities of M1, M2 and M3 have increased, but for a very broad definition of money –
https://www.rba.gov.au/publications/rdp/1983/8301/shifts-of-the-lm-curve.html

Introduction

1 May 1983 RDP 8301
Carolyn J. Moses
Three related problems have appeared – greater short-run instability in the demand for money, a less reliable relation between M1 and economic activity, and slower growth in M1 than its historical ... After treating a few additional problems of money
https://www.rba.gov.au/publications/rdp/1983/8301/introduction.html

Alternative Approaches

1 May 1983 RDP 8301
Carolyn J. Moses
The links from policy instruments to GDP are also far less clear than when money is the target variable. ... Within such a programme, credit, interest rates, money stock and other direct indicators of economic activity might play a role.
https://www.rba.gov.au/publications/rdp/1983/8301/alternative-approaches.html