What does "monetarism" mean?
The doctrine that economic systems are controlled by variations in the supply of money.
Monetarism
noun
noun ·5 syllables ·Rare ·Advanced level
Meaning at a glance
- Primary sense: The doctrine that economic systems are controlled by variations in the supply of money.
- Grammar: monetarism is listed as noun.
- Nearest alternatives: monetarist doctrine, monetarist school, monetary policy framework, monetary policy regime.
- Useful contrasts: Keynesianism, demand-side economics, discretionary policy.
- Usage evidence: Monetarism, you see, has two components. The first is that the central bank should try to control the money supply. In light of the Bank's report that part of the monetarist doctrine is now a dinosaur fit only to be displayed in the museum of failed economic ideas. […] Indeed, this second component of monetarism is one of the primary culprits behind the economic crisis that we have been living through for the past five years.
How to use "monetarism"
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Meaning check
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Source and review context
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Before you rely on this definition
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Definition decision workflow
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Definitions
Noun
- 1 The doctrine that economic systems are controlled by variations in the supply of money. countable, uncountable
- 2 an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money wordnet
- 3 The political doctrine that a nation's economy (in particular inflation) can be controlled by regulating the money supply. countable, uncountable
"Monetarism, you see, has two components. The first is that the central bank should try to control the money supply. In light of the Bank's report that part of the monetarist doctrine is now a dinosaur fit only to be displayed in the museum of failed economic ideas. […] Indeed, this second component of monetarism is one of the primary culprits behind the economic crisis that we have been living through for the past five years."
Synonyms
All synonyms monetarist doctrinemonetarist schoolmonetary policy frameworkmonetary policy regimemonetary theorymoney supply theory
Antonyms
Example
"Monetarism, you see, has two components. The first is that the central bank should try to control the money supply. In light of the Bank's report that part of the monetarist doctrine is now a dinosaur fit only to be displayed in the museum of failed economic ideas. […] Indeed, this second component of monetarism is one of the primary culprits behind the economic crisis that we have been living through for the past five years."
Common questions
What is a synonym for "monetarism"?
Common synonyms include: monetarist doctrine, monetarist school, monetary policy framework, monetary policy regime, monetary theory, money supply theory.
How do you use "monetarism" in a sentence?
Monetarism, you see, has two components. The first is that the central bank should try to control the money supply. In light of the Bank's report that part of the monetarist doctrine is now a dinosaur fit only to be displayed in the museum of failed economic ideas. […] Indeed, this second component of monetarism is one of the primary culprits behind the economic crisis that we have been living through for the past five years.
Etymology
From monetary + -ism.