[{"data":1,"prerenderedAt":58},["ShallowReactive",2],{"term:monetarism":3},{"term":4,"related":45},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":38,"stem":39,"takeaways":40,"__hash__":44},"terms\u002Fterms\u002Fmonetarism.md","Monetarism",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-monetarism","Understanding Monetarism",[16,17,18],"p",{},"Associated with Milton Friedman, monetarism argued that \"inflation is always and everywhere a monetary phenomenon\" and that central banks should aim for steady money growth rather than fine-tuning.",[16,20,21],{},"Many of its ideas, such as the importance of controlling inflation and of expectations, were absorbed into mainstream central banking, though money-growth targets were largely abandoned as velocity proved unstable.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"economy","The school of thought that the money supply is the main driver of inflation and nominal spending.","md",[],{},true,"\u002Fterms\u002Fmonetarism",[35,36,37],"quantity-theory-of-money","keynesian-economics","inflation-targeting",{"title":6,"description":28},"terms\u002Fmonetarism",[41,42,43],"Monetarism links inflation to money growth.","It favored rules over discretionary fine-tuning.","Its core lessons shaped modern inflation targeting.","u2FZ-TdadG8TdgJ6c8Et_UWAIvKjjxBNkixg2w3z4EE",[46,50,54],{"title":47,"description":48,"path":49},"Inflation Targeting","A monetary policy framework built around a publicly announced inflation target.","\u002Fterms\u002Finflation-targeting",{"title":51,"description":52,"path":53},"Keynesian Economics","The school of thought that total demand drives output and employment in the short run, and that policy can stabilize it.","\u002Fterms\u002Fkeynesian-economics",{"title":55,"description":56,"path":57},"Quantity Theory of Money","The idea that money supply times its velocity equals the price level times real output.","\u002Fterms\u002Fquantity-theory-of-money",1793374005443]