Share this entry

Share this page

monetarism

Line breaks: mon¦et¦ar|ism
Pronunciation: /ˈmʌnɪt(ə)rɪz(ə)m
 
/

Definition of monetarism in English:

noun

[mass noun]
The theory or practice of controlling the supply of money as the chief method of stabilizing the economy.
Example sentences
  • The economic theory known as monetarism holds that the money stock exerts an important influence on economic activity and prices.
  • Both Milton Friedman's theory of monetarism and the rational expectations school of macroeconomics challenged the effectiveness of activist monetary policy.
  • At school I had learned Keynsian theory and now I was being taught monetarism and supply side economics.

Derivatives

monetarist

1
noun& adjective
Example sentences
  • In particular, the leading schools have been the conservative Keynesians, the Milton Friedman monetarists, and the supply-siders.
  • Over many recent decades, both Keynesians and monetarists have generally at one time or another favored both fixed and flexible exchange rate regimes.
  • The monetarists are hopelessly hamstrung by their fixation on narrow money.

Definition of monetarism in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day gourmand
Pronunciation: ˈɡʊəmənd
noun
a person who enjoys eating…