MONETARISM

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 and that objectives of monetary policy are best met by targeting the growth rate of the money supply.

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monetarism

Noun

  1. The doctrine that economic systems are controlled by variations in the supply of money
  2. The political doctrine that a nation's economy can be controlled by regulating the money supply


The above text is a snippet from Wiktionary: monetarism
and as such is available under the Creative Commons Attribution/Share-Alike License.

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