How is the money supply calculated?
The money supply is measured by the “aggregates” M1, M2, M3 and M4. These aggregates correspond to more or less broad definitions of money. Very strong in M1, liquidity decreases to reach its lowest level in M4.
M € billion UCITS monetary = €463bn debt securities at less than €bn
The monetary creation comes mainly from loans granted by commercial banks. But central banks also create money, such as notes and coins.
definition in appendix) has clearly increased. He is increased from 5% to around 12%, which corresponds to an annual flow of 1,589 billion euros. This increase of 7 percentage points over one year is the fastest recorded since the creation of the euro.
The main aggregates. The most global of the aggregates is the gross domestic product (GDP) which can be interpreted – and calculated – in three different ways: as the sum of the added values created in the economy (production approach); like all consumer and investment goods used in the economy…
The aggregates are synthetic indicators which measure the result of the activity of the whole economy. These are essential reference quantities for macro-economic analysis and for comparisons in time and space. GROSS DOMESTIC PRODUCT (GDP) AT MARKET PRICES
More generally, GDP is also a reference economic aggregate for a country, for example. Aggregates are synthetic reference indicators that facilitate the analysis and measurement of the result of an activity as a whole. It is in terms of macro-economics that we speak of aggregates.
Finally, since value added is the source of all income, GDP is necessarily — despite its name — an aggregate of income. It can be obtained as the sum of the primary incomes distributed by the resident units: compensation of employees, gross operating surplus and mixed income, taxes on production less subsidies.