Real User Cost Index of MSI-MZM (preferred)
OCMZMP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
-9.09%
Date Range
1/1/1967 - 12/1/2013
Summary
The Real User Cost Index of MSI-MZM (preferred) measures the adjusted cost of monetary services for users across different economic sectors. This index provides critical insights into the efficiency and expense of financial transactions and monetary interactions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator represents the comprehensive cost of utilizing monetary services, accounting for various factors like transaction complexity, technological infrastructure, and financial system efficiency. Economists use it to understand the evolving landscape of financial service costs and monetary system dynamics.
Methodology
The index is calculated using complex econometric models that analyze transaction costs, monetary velocity, and service complexity across different financial instruments and market segments.
Historical Context
Policymakers and central bank analysts utilize this metric to assess financial system performance, monetary policy effectiveness, and potential areas for systemic efficiency improvements.
Key Facts
- Provides a nuanced view of monetary service costs beyond traditional metrics
- Incorporates technological and systemic factors in financial transactions
- Offers insights into evolving financial system efficiency
FAQs
Q: What does the Real User Cost Index measure?
A: It measures the comprehensive cost of monetary services across different economic sectors, accounting for transaction complexity and financial system efficiency.
Q: Why is this index important for economists?
A: The index helps economists understand the changing landscape of financial service costs and assess the overall performance of monetary systems.
Q: How is the OCMZMP index calculated?
A: The index is calculated using advanced econometric models that analyze transaction costs, monetary velocity, and service complexity across financial instruments.
Q: How do policymakers use this index?
A: Policymakers use the index to evaluate financial system performance, monetary policy effectiveness, and identify potential areas for systemic improvements.
Q: How frequently is this index updated?
A: The update frequency depends on the Federal Reserve's data collection and analysis processes, typically involving periodic reviews and adjustments.
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Related Trends
Citation
U.S. Federal Reserve, Real User Cost Index of MSI-MZM (preferred) [OCMZMP], retrieved from FRED.
Last Checked: 8/1/2025