- An economic theory which posits that the whole economy of a country can be managed through control of the money supply, that is, money in circulation or the cost of credit. The main policy levers are central bank operations to put more or less money in circulation; interest-rates, which are raised and lowered to discourage or encourage credit purchases and bank loans; and direct government control over the volume of lending by banks and other financial institutions. Economists disagree as to the relative effectiveness of monetarist policies-as compared, for example, with fiscal policy-in regulating the level of economic activity. They also differ as to the priority to be given to the cost of credit, credit controls, and the quantity of money in circulation, as the focus of monetarist policies.
Dictionary of sociology. 2013.
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monetarism — mon‧e‧ta‧ris‧m [ˈmʌntərɪzm ǁ ˈmɑː ] noun [uncountable] ECONOMICS the idea that an economy can be controlled by its central bank influencing the money supply (= amount of money in the economy at a particular time). For example, the central bank… … Financial and business terms
monetarism — mon e*tar*ism, n. An economic theory holding that the rate of growth of the money supply is the priunciple cause of changes in inflation, economic growth, and unemployment. [PJC] … The Collaborative International Dictionary of English
monetarism — MONETARÍSM s. n. teorie şi politică ce atribuie modificării masei banilor în circulaţie o importanţă centrală, chiar decisivă, în procesul activităţii economice şi în stabilirea nivelului preţurilor. (după germ. Monetarsystem) Trimis de raduborza … Dicționar Român
monetarism — monetarism, monetarist, monetary These are pronounced with the first syllable as mun in BrE and as mon in AmE … Modern English usage
monetarism — ► NOUN ▪ the theory that inflation is best controlled by limiting the supply of money circulating in an economy. DERIVATIVES monetarist noun & adjective … English terms dictionary
monetarism — ☆ monetarism [män′ə tər iz΄əm ] n. a theory which holds that economic stability and growth result from maintaining a steady rate of growth in the supply of money … English World dictionary
Monetarism — Economics … Wikipedia
monetarism — monetarist, n., adj. /mon i teuh riz euhm, mun /, n. Econ. a doctrine holding that changes in the money supply determine the direction of a nation s economy. [1965 70, Amer.; MONETAR(Y) + ISM] * * * School of economic thought that maintains that… … Universalium
monetarism — This theory relates changes in inflation to the level of the money supply in relation to the level of real output. Monetarism is also used as a generic term for neo liberal economic theories (such as liberalization and deregulation). A… … Encyclopedia of contemporary British culture
Monetarism — A set of views based on the belief that inflation depends on how much money the government prints. It is closely associated with Milton Friedman, who argued, based on the quantity theory of money, that the government should keep the money supply… … Investment dictionary
monetarism — An economic policy associated with Milton Friedman and his Chicago school that suggests that government should minimise its involvement in economic policy, except for controlling the money supply as a means of defeating inflation. Inflation is … Glossary of UK Government and Politics