Use of monetary aggregates as targets in developed economies

The concept of monetary targeting becomes an interesting in seventies and eighties last century or once when in the epicentre of monetary policy enters money supply level which can control inflation. The experiences of developed economies were different because the importance of monetary aggregates as targets was understood differently, so these were the results. We have two groups of countries led by Germany on the one hand and Switzerland who have had pretty good results. On the other hand, we have another group of developed countries that have had negative experiences in implementing the strategy of targeting monetary aggregates as follows: Canada, USA and UK. In the nineties of the last century as an independent this strategy loses its importance in many countries and has not been forgotten, but becomes an integral part of the inflation and monetary targeting as a kind of hybrid of monetary policy applied by the European Central Bank today.