1) Economic stabilization theory 2) Economic theory
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In monetary economics, monetarism is a school of thought that emphasizes the role of governments in controlling the amount of money in circulation. Monetarists believe that variation in the money supply has major influences on national output in the short run and the price level over longer periods, and that objectives of monetary policy are best ...
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http://en.wikipedia.org/wiki/Monetarism
school of economic thought that maintains that the money supply (the total amount of money in an economy, in the form of coin, currency, and bank ... [6 related articles]
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The view that monetary policy is a prime source of the business cycle, and that the time path of the money stock is a good index of monetary policy. As presented by Milton Friedman and Anna Schwartz, monetarism emphasizes the relation between the level of the money stock and the level of output without a detailed theory of why changes in the money ...
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http://www.econterms.com/glossary.cgi?query=monetarism
Economic policy that proposes control of a country's money supply to keep it in step with the country's ability to produce goods, with the aim of controlling
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A theory that advocates the strict control of the money supply as a key tool of economic policy in... <a target=_blank href='http://www.finance-glossary.com/terms/monetarism.htm?id=12786&ginPtrCode=00000&PopupMode=false' title='Read full definition of monetarism'>more</a>
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Monetarism is a school of thought in economics that places money at the centre of macroeconomic policy. Based on the quantity theory of money, and first expressed by the Scottish philosopher David Hume, it relates the price level to the quantity of money in the economy. Latterly, monetarism has been the main opponent to Keynesianism, claiming that ...
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[
n] - an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money
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http://www.webdictionary.co.uk/definition.php?query=monetarism
noun an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money
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Economic policy that proposes control of a country's money supply to keep it in step with the country's ability to produce goods, with the aim of controlling inflation. Cutting government spending is advised, and the long-term aim is to return as much of the economy as possible to the private sector, which is said to be in the interests...
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An economic doctrine developed under the influence of the economist Milton Friedman. It emerged as a challenge to Keynesianism, which began to lose credibility during the 1970s, a period of rising unemployment and inflation in Britain, and economic dislocation globally. A central tenet of monetarism was that to restrain inflation, the money supply ...
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a doctrine holding that changes in the money supply determine the direction of a nation's economy.
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