[
UK
/mˈʌnɪtəɹˌɪzəm/
]
[ US /ˈmɑnətɝˌɪzəm/ ]
[ US /ˈmɑnətɝˌɪzəm/ ]
NOUN
- an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money
How To Use monetarism In A Sentence
- If monetarism is adopted as the basis for policy, the authorities must reduce the endogenous element to a minimum.
- Milton Friedman, the father of monetarism and free-market economics, sees little prospect of a return to the global deflation of the 1930s.
- The prevailing philosophy is called monetarism, and it's based on the raising and lowering of interest rates. Dissident Voice
- 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.
- The experiment with monetarism is now complete; the results are clear and not seriously subject to dispute. Economic Policy and the Liberal Left
- During the late 1970s and the 1980s, it was replaced as the dominant economic theory by monetarism.
- In today's world of monetarism, economists often cite a ‘low inflation’ or ‘zero inflation’ policy as the optimum for the United States.
- 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 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.