WHAT DOES MONETARIST MEAN IN ENGLISH?
Monetarism
Monetarism is a school of economic thought that emphasizes the role of governments in controlling the amount of money in circulation. It is the view within monetary economics that variation in the money supply has major influences on national output in the short run and the price level over longer periods, objectives of monetary policy are best met by targeting the growth rate of the money supply. Monetarism today is mainly associated with the work of Milton Friedman, who was among the generation of economists to accept Keynesian economics and then criticize Keynes' theory of gluts using fiscal policy. Friedman and Anna Schwartz wrote an influential book,
A Monetary History of the United States, 1867–1960, and argued "inflation is always and everywhere a monetary phenomenon." Though he opposed the existence of the Federal Reserve, Friedman advocated, given its existence, a central bank policy aimed at keeping the supply and demand for money at equilibrium, as measured by growth in productivity and demand.
Definition of monetarist in the English dictionary
The definition of monetarist in the dictionary is of or relating to an economic policy based on the theory that inflation is caused by an excess quantity of money in an economy and on a belief in the efficiency of free market forces, that gives priority to achieving price stability by monetary control, balanced budgets, etc, and maintains that unemployment results from excessive real wage rates and cannot be controlled by Keynesian demand management.
10 ENGLISH BOOKS RELATING TO «MONETARIST»
Discover the use of
monetarist in the following bibliographical selection. Books relating to
monetarist and brief extracts from same to provide context of its use in English literature.
1
The
Monetarist Counter-Revolution: A Critique of Canadian ...
First published in 1979, The Monetarist Counter-Revolution is an early and acute criticism of monetarist economic policies as applied in Canada.
Arthur Donner, Douglas Peters,
1979
2
Keynes, the Keynesians and Monetarism
This volume is vintage Congdon in every sense.'' Peter Sinclair, The Business Economist ''Tim Congdon''s book revisits the intellectual battlefields of British monetary theory and policy.
The Monetarist View of the Economy Based on our diagrammatic exposition of
monetarism so far, we know the following about monetarists: • Monetarists
believe the economy is self-regulating. • Monetarists believe changes in velocity
and the ...
RECAP monetarist economics: a school of thought that emphasizes the role
changes in the money supply play in determining equilibrium real GDP and price
level 1. Keynesian economists today reject the simple fixed-price model in favor
of a ...
William Boyes, Michael Melvin,
2007
In the late 1960s and the 1970s, Keynesian economics faced a challenge from
monetarist economics, a school of thought that emphasizes the role that changes
in the money supply play in determining equilibrium real GDP and prices.
William Boyes, Michael Melvin,
2010
6
Macroeconomic Essentials: Understanding Economics in the News
The purpose of this chapter is to examine the monetarist approach to
macroeconomic analysis and discuss a major legacy of monetarism: the
monetarist rule that the money supply should grow at a fixed rate equal to the real
rate of income ...
Explain the difference between the Keynesian and the monetarist views on how
an increase in the money supply causes inflation. 10. Based on the quantity
theory of money, what would be the impact of increasing the money supply by 25
...
8
Monetary Policy and the German Unemployment Problem in ...
However, spurred by the rational expectations revolution macroeconomic theory
has come a long way since the heyday of the controversy between the Keynesian
and monetarist camps. In particular, in the late 1990s a convergence between ...
9
Inside Thatcher's
Monetarist Revolution
This book starts with the history of monetarism in the UK in the early 1970s,, then focuses on commentaries from Alan Walters, now Sir Alan, who became Mrs.
In monetarist theory, there is a direct link between the money market and the
goods and services market. The monetarist transmission mechanism is short.
Changes in the money market have a direct impact on aggregate demand, as
illustrated ...
10 NEWS ITEMS WHICH INCLUDE THE TERM «MONETARIST»
Find out what the national and international press are talking about and how the term
monetarist is used in the context of the following news items.
Athens should have had a more generous deal
... Tsipras has succeeded in forcing harsh monetarist measures onto his people, thus gaining international credibility that he can deliver reform. «gulfnews.com, Jul 15»
The Brussels diktat: and what followed
Whatever this anti-politics may be – rationalized in the eyes of some (perhaps in good faith) by the dogmas of a monetarist orthodoxy inscribed ... «Open Democracy, Jul 15»
Global Economic Outlook: Gold Crashes
Low interest rates, therefore, accompany the start of a business cycle and the Keynesian (and Monetarist) economists believe that through ... «CryptoCoinsNews, Jul 15»
The New Yavapai Economy: Beyond Monetary Policy
Monetarist economics, a theoretical understanding that an economy will "run itself" as long as there is control of the money supply, is the ... «The Daily Courier, Jul 15»
No to the dictatorship of the bankers! Revolutionary mood sweeps …
We have no faith in a bosses' European Union, a monetarist straight-jacket which does not represent our interests. We must break from ... «In Defense of Marxism, Jul 15»
Cardigan proved parking meters kill the High Street, TOM UTLEY …
One example, often quoted by Margaret Thatcher's monetarist guru Milton Friedman, was the destruction of the Confederate mint in the 1860s, ... «Daily Mail, Jul 15»
The 21st Century Case for Gold
This assumption, the entire premise of monetarist theory, was based on the formula MV = output, where M is the money supply. Friedman made ... «Town Hall, Jul 15»
What austerity means
The weird situation of the euro not being able to do Friedman's monetarist intervention only emphasizes the ambiguous situation of the EU ... «BusinessWorld Online Edition, Jul 15»
LaRouche on the Greek Crisis: The Only Way Out of This Mess Is To …
Let's go back to Franklin Roosevelt's methods. France needs it. Clean out the monetarist system. That will not solve all problems, but it will give ... «The People's Voice, Jul 15»
The European Union's Crisis of Legitimacy and The Greek …
The European Central Bank, created to be independent from democratic controls, and the technocracies of ECFIN, both bound to monetarist ... «Center for Research on Globalization, Jul 15»