monetarism

(redirected from Monetarist view)
Also found in: Thesaurus, Financial, Encyclopedia.
Related to Monetarist view: Monetarist Theory

mon·e·ta·rism

 (mŏn′ĭ-tə-rĭz′əm, mŭn′-)
n.
1. A theory holding that economic variations within a given system, such as changing rates of inflation, are most often caused by increases or decreases in the money supply.
2. A policy that seeks to regulate an economy by altering the domestic money supply, especially by increasing it in a moderate but steady manner.

mon′e·ta·rist adj. & n.

monetarism

(ˈmʌnɪtəˌrɪzəm)
n
1. (Economics) the theory that inflation is caused by an excess quantity of money in an economy
2. (Economics) an economic policy based on this theory 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
ˈmonetarist n, adj

mon•e•ta•rism

(ˈmɒn ɪ təˌrɪz əm, ˈmʌn-)

n.
a doctrine holding that changes in the money supply determine the direction of a nation's economy.
[1965–70, Amer.]
mon′e•ta•rist, n., adj.

monetarism

1. an economic theory maintaining that stability and growth in the economy are dependent on a steady growth rate in the supply of money.
2. the principle put forward by American economist Milton Friedman that control of the money supply and, thereby, of rate in the supply of credit serves to control inflation and recession while fostering prosperity. — monetarist, n., adj.
See also: Economics
an economie theory maintaining that stability and growth in the economy are dependent on a steady growth rate in the supply of money. — monetarist, n., adj.
See also: Money

monetarism

An economic policy based on controlling a country’s money supply.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.monetarism - an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of moneymonetarism - an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money
economic theory - (economics) a theory of commercial activities (such as the production and consumption of goods)
Translations
monetarizam
monetaryzm

monetarism

[ˈmʌnɪtərɪzəm] Nmonetarismo m

monetarism

[ˈmʌnɪtərɪzəm] nmonétarisme m

monetarism

nMonetarismus m

monetarism

[ˈmʌnɪtˌrɪzm] nmonetarismo
References in periodicals archive ?
Taking the textbook monetarist view, the Governor State Bank, seems to have set his primary macroeconomic objective as reduction of inflation, even if this causes higher unemployment and lower economic growth in the short-term.
According to this monetarist view, interactions between trends in M, reflecting monetary policy actions that affect the money supply, and V, interpreted following Friedman (1956) with reference to the determinants of money demand, replace those between the actual and natural rates of unemployment as the key mechanisms determining inflation.
Thus, redoing the calculations under a monetarist view does not raise any red flags in terms of remittances to the Treasury.
Studies go with Monetarist view that inflation is always and everywhere a monetary phenomenon (Brumm, 2005; Qayyum, 2006; Okpara and Nwaoha, 2010; Bakare, 2011).
Here I take a Monetarist view that (i) open market operations affect the quantity of liquidity in the system--the money supply, if you like--and (ii) changes in this magnitude are what determine inflation rates.
The first account, which Wagner associates with representative-agent macro models, is largely consistent with the Market Monetarist view; the second account, which emphasizes a plurality of agent types, fits the free banking monetary disequilibrium view.
Some researchers find support for the monetarist view, which suggests that monetary policy generally has a greater impact on economic growth and dominates fiscal policy in terms of its impact on investment and growth.
It is important to clarify whether the stability condition can be achieved under two theoretical inflation views--the fiscal theory of price level and the monetarist view. Within the framework of monetarism the answer to the possible inflationary effects of tradable deficit permits seems fairly simple.
He co-authored Principles of Economics (1991) and authored Money and the Economy: A Monetarist View (1978) as well as numerous scholarly papers published in professional journals.
In addition, the very fact that monetary policy, not fiscal policy, is considered the major weapon to combat economic fluctuation is a clear victory for the monetarist view. Still, interest rate manipulation once again dominates controlling growth in the monetary aggregates as a means of achieving stable economic growth and low inflation.