An economic theory holding that the rate of growth of the money supply is the priunciple cause of changes in inflation, economic growth, and unemployment.
A school of economics, which considers that strict control of money supply is the main tool for implementing monetary policy, especially against inflation. Policies include cuts in public spending and hopefully temporary high interest rates.
A school of economic thought that considered the money supply as the main determinant of economic activity and dominated U.S. economic policymaking in the early 1980's.
the theory that prices and economic activity generally are determined by the quantity of money in circulation.
Theory which advocates strict control of money supply as the major weapon of monetary policy, especially against inflation.
a policy of manipulating the money supply (inflating or deflating a currency) to influence economic growth
believes that social spending stimulates inflation, undermines labour market flexibility and productivity, and distorts the work leisure trade-off.
Economic philosophy stating that money supply will regulate the course of a nation's economy.
an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money
A school of thought that attaches great significance to variations in the money supply, as a primary determinate of aggregate demand.
This theory of fine-tuning the economy carefully matches the growth in the money supply to the growth of the economy. Conservatives are drawn to monetarism because it requires none of the clumsy intervention of Keynesian fiscal policy.
Economic policies that focus on the money supply as a key determinant of the level of economic activity in a country. Monetarists tend to view state economic actions as likely to disrupt domestic and international affairs.
An economic doctrine that stressed the importance of the money supply as an instrument of economic policy. Monetarists - whose leading light was Milton Friedman at the University of Chicago - believed that if governments simply left the economy alone and instructed the central bank to control the money supply, inflation would be banished, entrepreneurial activity would thrive, economic growth would take off and unemployment would disappear. But Friedman seems to have recanted. He told the Financial Times recently: "The use of quantity of money as a target has not been a success...I'm not sure I would as of today push it as hard as I once did."
Economic theory that the volume of money on issue affects prices; therefore, inflation can be controlled by controlling the money supply.
A view that markets are inherently self-stabilizing and that variations in the quantity of money is the main cause of fluctuations in the level of aggregate demand.
Monetarism is a set of views concerning the determination of national income and monetary economics. It focuses on the supply and demand for money as the primary means by which economic activity is regulated. Monetary theory focuses on money supply and on inflation as an effect of the supply of money being larger than the demand for money.