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monetarism
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[[File:CPI 1914-2022.webp|thumb|alt=CPI 1914-2022|261px|
~14 min read
Encyclopedic overview
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.
Excerpted from Wikipedia’s “monetarism” article, available under the CC BY-SA 4.0 licence.