Monetarism: meaning, definitions and examples

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monetarism

 

[ หˆmษ’nษชtษ™หŒrษชzษ™m ]

Noun
Context #1 | Noun

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:

๐Ÿ‡ต๐Ÿ‡น monetarismo

๐Ÿ‡ฎ๐Ÿ‡ณ เคฎเฅŒเคฆเฅเคฐเคฟเค•เคคเคพ

๐Ÿ‡ฉ๐Ÿ‡ช Monetarismus

๐Ÿ‡ฎ๐Ÿ‡ฉ monetarisme

๐Ÿ‡บ๐Ÿ‡ฆ ะผะพะฝะตั‚ะฐั€ะธะทะผ

๐Ÿ‡ต๐Ÿ‡ฑ monetaryzm

๐Ÿ‡ฏ๐Ÿ‡ต ใƒžใƒใ‚ฟใƒชใ‚บใƒ 

๐Ÿ‡ซ๐Ÿ‡ท monรฉtarisme

๐Ÿ‡ช๐Ÿ‡ธ monetarismo

๐Ÿ‡น๐Ÿ‡ท monetarizm

๐Ÿ‡ฐ๐Ÿ‡ท ํ†ตํ™”์ฃผ์˜

๐Ÿ‡ธ๐Ÿ‡ฆ ู†ู‚ุฏูŠุฉ

๐Ÿ‡จ๐Ÿ‡ฟ monetarismus

๐Ÿ‡ธ๐Ÿ‡ฐ monetarizmus

๐Ÿ‡จ๐Ÿ‡ณ ่ดงๅธไธปไน‰

๐Ÿ‡ธ๐Ÿ‡ฎ monetarizem

๐Ÿ‡ฎ๐Ÿ‡ธ peningastefna

๐Ÿ‡ฐ๐Ÿ‡ฟ ะผะพะฝะตั‚ะฐั€ะธะทะผ

๐Ÿ‡ฌ๐Ÿ‡ช แƒ›แƒแƒœแƒ”แƒขแƒแƒ แƒ˜แƒ–แƒ›แƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ monetarizm

๐Ÿ‡ฒ๐Ÿ‡ฝ 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.

Word Frequency Rank

Ranking #35,209, this word is encountered relatively rarely in everyday English. It might appear in literary works or specialized texts but isn't essential for general communication.