Monetarism
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Monetarism is a school of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation. Monetarist theory asserts that variations in the money supply have major influences on national output in the short run and on price levels over longer periods. Monetarists assert that the objectives of monetary policy are best met by targeting the growth rate of the money supply rather than by engaging in discretionary monetary policy.
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Notable proponents
- Karl Brunner
- Phillip D. Cagan
- Milton Friedman
- Alan Greenspan
- David Laidler
- Allan Meltzer
- Anna Schwartz
- Margaret Thatcher
- Paul Volcker
- Clark Warburton
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See also
- Austrian School of economics
- Chicago school of economics
- Demurrage (currency)
- Fiscalism (usually contrasted to monetarism)
- Inflation targeting
- Market monetarism
- Modern Monetary Theory
General:
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