Statements (50)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
school of economic thought
|
| gptkbp:advocatesFor |
controlling money supply to manage inflation
|
| gptkbp:associatedWith |
gptkb:Milton_Friedman
|
| gptkbp:contrastsWith |
gptkb:Keynesian_economics
|
| gptkbp:criticizedFor |
fiscal policy as less effective than monetary policy
|
| gptkbp:emphasizes |
importance of monetary policy
|
| gptkbp:focusesOn |
role of governments in controlling the amount of money in circulation
|
| https://www.w3.org/2000/01/rdf-schema#label |
Monetarist School
|
| gptkbp:influenced |
central banking policies
monetary policy in the United States in the late 20th century |
| gptkbp:influencedBy |
gptkb:Quantity_Theory_of_Money
|
| gptkbp:notableFigure |
gptkb:Karl_Brunner
gptkb:Allan_Meltzer gptkb:Bennett_McCallum gptkb:Anna_Schwartz gptkb:David_Laidler |
| gptkbp:originatedIn |
20th century
|
| gptkbp:proposedBy |
steady, predictable growth in money supply
|
| gptkbp:relatedConcept |
gptkb:expectations-augmented_Phillips_curve
natural rate of unemployment quantity theory of money rational expectations money supply stagflation demand for money inflation targeting monetary aggregates adaptive expectations velocity of money monetary base monetary policy rules discretionary monetary policy monetary base control monetary contraction monetary disequilibrium monetary expansion monetary neutrality monetary stability monetary targeting monetary transmission mechanism Great Moderation Friedman rule Friedman’s consumption function Friedman’s k-percent rule Friedman’s permanent income hypothesis MV=PQ equation central bank independence |
| gptkbp:requires |
inflation is always a monetary phenomenon
|
| gptkbp:bfsParent |
gptkb:New_Keynesian_School
|
| gptkbp:bfsLayer |
7
|