The doctrine that economic systems are controlled by variations in the supply of money
The political doctrine that a nation's economy can be controlled by regulating the money supply
monetarism is a mode of analysis that uses the equation of ex-change to organize and analyze macroeconomic data
School of economic thought, led by Milton Friedman, that believes that inflation is caused by excessive growth in the money supply
Monetarism is an economic policy that involves controlling the amount of money that is available and in use in a country at any one time. the belief that the best way to manage a country's economy is for the government to control and limit the amount of money that is available and being used. School of economic thought that maintains that the money supply is the chief determinant of economic activity. Milton Friedman and his followers promoted monetarism as an alternative to Keynesian economics (see John Maynard Keynes); their economic theories became influential in the 1970s and early 1980s. Monetarism holds that a change in the money supply directly affects and determines production, employment, and price levels, though its influence is evident only over a long and often variable period of time. Fundamental to the monetarist approach is the rejection of fiscal policy in favour of "monetary rule." Friedman and others asserted that fiscal measures such as tax-policy changes or increased government spending have little significant effect on the fluctuations of the business cycle. They argued that government intervention in the economy should be kept to a minimum and asserted that economic conditions would change before specific policy measures designed to address them could take effect. Steady, moderate growth of the money supply, in their view, offered the best hope of assuring a constant rate of economic growth with low inflation. U.S. economic performance in the 1980s cast doubts on monetarism, and the proliferation of new types of bank deposits made it difficult to calculate the money supply
believes that social spending stimulates inflation, undermines labour market flexibility and productivity, and distorts the work leisure trade-off
a method by which the Government increases or decreases economic growth by means of controlling the supply of money This is done by the Federal reserve board http: //www j-bradford-delong net/Econ_Articles/monetarism html
{i} principle that states that changes in a nation's money supply affect the nation's economy as a whole (Economics)
An economic school of thought that rejects Keynesianism, arguing that the money supply is the most important influence on the economy
The political doctrine that a nations economy can be controlled by regulating the money supply
A school of economics which believes that strict control of money supply is the principal tool for implementing monetary policy, especially against inflation Policies include cuts in public spending and high interest rates
Based on the view that the quantity of money has a major influence on economic activity and the price level, and that the objectives of monetary policy are best achieved by targeting the rate of growth of the money supply Although monetary policy obviously involves some government intervention, it is very limited: Milton Friedman (one of the leading advocates of monetarism) and others argue that the government should only make a commitment to maintain a stable monetary growth, and should not attempt to implement an "active" monetary po licy since, in the absence of impossibly ideal foresight, it would tend to exacerbate rather than smooth economic fluctuation
an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money
An economic policy utilized by the government to control inflation through the use of monetary controls such as raising interest rates until the economy stalls
A view that market economies are inherently self-stabilizing and that variations in the quantity of money are the main cause of fluctuations in the level of aggregate demand
the theory that prices and economic activity generally are determined by the quantity of money in circulation