Monetarism

GPTKB entity

Statements (25)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:advocatesFor controlling money supply to manage economic stability
gptkbp:associatedWith gptkb:Milton_Friedman
gptkbp:contrastsWith gptkb:Keynesian_economics
gptkbp:criticizedFor gptkb:post-Keynesian_economists
fiscal policy as less effective than monetary policy
gptkbp:emphasizes importance of monetary policy
gptkbp:focusesOn role of governments in controlling the money supply
gptkbp:hasConcept gptkb:economic_policy
money supply
inflation control
https://www.w3.org/2000/01/rdf-schema#label Monetarism
gptkbp:implementedIn gptkb:United_Kingdom
gptkb:United_States
gptkbp:influenced central banking practices
economic policy in the 1970s and 1980s
gptkbp:influencedBy classical economics
gptkbp:originatedIn 20th century
gptkbp:proposedBy steady, predictable growth in money supply
gptkbp:relatedTo quantity theory of money
gptkbp:requires inflation is always a monetary phenomenon
gptkbp:bfsParent gptkb:Theories_of_Modern_Capitalism
gptkb:Macroeconomic_Theory
gptkb:New_Keynesian_economics
gptkbp:bfsLayer 6