monetarism
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Article
13 sectionsContents
- Description
- Monetary history of the United States
- Fixed monetary rule
- Opposition to the gold standard
- Rise
- Monetarism in the US and the UK
- Decline
- Legacy
- Notable proponents
- See also
- References
- Further reading
- External links
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Monetarism is a school of thought in monetary economics that emphasizes the role of policy-makers in controlling the amount of money in circulation. It gained prominence in the 1970s, but was mostly abandoned as a direct guidance to monetary policy during the following decade because of the rise of inflation targeting through movements of the official interest rate.