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[mass noun] The theory or practice of controlling the supply of money as the chief method of stabilizing the economy.
- ‘In today's world of monetarism, economists often cite a ‘low inflation’ or ‘zero inflation’ policy as the optimum for the United States.’
- ‘The empirical debates have to do with such topics as monetarism, Keynesianism, inflation, market structure, rational expectations, and efficient institutions.’
- ‘Milton Friedman, the father of monetarism and free-market economics, sees little prospect of a return to the global deflation of the 1930s.’
- ‘We've seen the effect of monetarism as a policy, over the past 35 years, on the conditions of life in the United States, in Western Europe, South and Central America, and so forth.’
- ‘The speech was aimed directly at the government's extremely austere fiscal stance and its almost fanatical adherence to monetarism.’
- ‘Over the past two decades, however, Canadians have also been prone to buy into the merits of monetarism, lower levels of taxation and balanced budgets.’
- ‘The modern version of monetarism argues that if foreign central banks were committed to price stability, then a worldwide concerted assault on inflation would be successful.’
- ‘The economic theory known as monetarism holds that the money stock exerts an important influence on economic activity and prices.’
- ‘The pact and monetarism in general have been designed to weaken workers rights.’
- ‘In fact monetarism proved to be unworkable, because whichever indicator of money supply was used, other forms of money went out of control.’
- ‘Variations of this position are found in monetarism, public choice theory, and the belief of some new classical economists that involuntary unemployment does not exist.’
- ‘Both Milton Friedman's theory of monetarism and the rational expectations school of macroeconomics challenged the effectiveness of activist monetary policy.’
- ‘That government slashed public spending and introduced monetarism.’
- ‘Naturally, the question we're supposed to consider is framed in terms of Chicago School economics, the same people who gave us monetarism.’
- ‘The policy was adopted in the 1980s, in part because extremist monetarism was then fashionable.’
- ‘At school I had learned Keynsian theory and now I was being taught monetarism and supply side economics.’
- ‘During the late 1970s and the 1980s, it was replaced as the dominant economic theory by monetarism.’
- ‘His views were much more subtle then straightforward monetarism, but they are scattered through his writings and not systematically integrated.’
- ‘Similarly, central banks adopted monetarism with a fervor in the late 1970s and early 1980s, just as empirical evidence discrediting the underlying theories was mounting.’
- ‘The shift to monetarism and the rejection of social reformism was not an unforeseen event that hit Labour from outside.’
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