Monetarism

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  • Monetarism is the doctrine according to which changes in the money supply are the primary cause of economic fluctuations, implying that a stable money supply would lead to a stable economy.

Definition

According to Macroeconomics by Mankiw (7th edition),

Monetarism. The doctrine according to which changes in the money supply are the primary cause of economic fluctuations, implying that a stable money supply would lead to a stable economy.