Monetarism: meaning, definitions and examples
๐ฐ
monetarism
[ หmษnษชtษหrษชzษm ]
economic theory
Monetarism is an economic theory that emphasizes the role of governments in controlling the amount of money in circulation. It posits that variations in the money supply have major influences on national output in the short run and the price level over longer periods. Monetarists believe that controlling inflation is crucial to maintaining economic stability. They often advocate for fixed rules for the growth of the money supply, rather than active government intervention in the economy.
Synonyms
economic policy, monetary theory.
Examples of usage
- The government adopted monetarism to combat inflation.
- Many economists support monetarism as a viable framework for understanding monetary policy.
- Monetarism emphasizes the relationship between money supply and economic stability.
Translations
Translations of the word "monetarism" in other languages:
๐ต๐น monetarismo
๐ฎ๐ณ เคฎเฅเคฆเฅเคฐเคฟเคเคคเคพ
๐ฉ๐ช Monetarismus
๐ฎ๐ฉ monetarisme
๐บ๐ฆ ะผะพะฝะตัะฐัะธะทะผ
๐ต๐ฑ monetaryzm
๐ฏ๐ต ใใใฟใชใบใ
๐ซ๐ท monรฉtarisme
๐ช๐ธ monetarismo
๐น๐ท monetarizm
๐ฐ๐ท ํตํ์ฃผ์
๐ธ๐ฆ ููุฏูุฉ
๐จ๐ฟ monetarismus
๐ธ๐ฐ monetarizmus
๐จ๐ณ ่ดงๅธไธปไน
๐ธ๐ฎ monetarizem
๐ฎ๐ธ peningastefna
๐ฐ๐ฟ ะผะพะฝะตัะฐัะธะทะผ
๐ฌ๐ช แแแแแขแแ แแแแ
๐ฆ๐ฟ monetarizm
๐ฒ๐ฝ monetarismo
Etymology
The term 'monetarism' originated in the mid-20th century, developed chiefly by economists such as Milton Friedman. It emerged as a response to the Keynesian economic theories that dominated the post-World War II era. Friedman and his followers highlighted the importance of controlling the money supply to manage economic stability and inflation. Monetarism gained prominence during the 1970s, especially in the United States and the United Kingdom, as governments faced high inflation and unemployment. As a consequence, the doctrine influenced policies that sought to reduce government intervention in the economy and promote free-market principles, marking a significant shift in economic thought.