Definition of monetarism in English:

Share this entry

monetarism

Pronunciation: /ˈmʌnɪt(ə)rɪz(ə)m/

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

Pronunciation: /ˈmʌnɪt(ə)rɪst/
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.

For editors and proofreaders

Line breaks: mon¦et¦ar|ism

Share this entry
 

What do you find interesting about this word or phrase?

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