What Is Monetarism? | 就是愛看書
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Constantmoneygrowthrule:Friedman,whodiedin2006,proposedafixedmonetaryrule,whichstatesthattheFedshouldberequiredtotargetthegrowth ...
![What Is Monetarism?](https://i.imgur.com/y8QtHep.jpg)
Finance & Development, March 2014, Vol. 51, No. 1
Sarwat Jahan and Chris Papageorgiou[1]
PDF version[2]
Its emphasis on money’s importance gained sway in the 1970s
Just how important is money? Few would deny that it plays a key role in the economy.
But one school of economic thought, called monetarism, maintains that the money supply (the total amount of money in an economy) is the chief determinant of current dollar GDP in the short run and the price level over longer periods. Monetary policy, one of the tools governments have to affect the overall performance of the economy, uses instruments such as interest rates to adjust the amount of money in the economy. Monetarists believe that the objectives of monetary policy are best met by targeting the growth rate of the money supply. Monetarism gained prominence in the ...
Friedman rule | 就是愛看書
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The Friedman Rule | 就是愛看書
What Is Monetarism? | 就是愛看書
Optimality of the Friedman Rule in Economies with Money ... | 就是愛看書
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