Monetarism download epub
by Jerome L. Stein
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Michael Parkin, "Monetarism. Jerome L. Stein," Journal of Political Economy 87, no. 2 (Ap. 1979): 432-436.
Monetarist theory asserts that variations in the money supply have major influences on national output.
Monetarist theory asserts that variations in the money supply have major influences on national output in the short run and on price levels over longer periods. Monetarists assert that the objectives of monetary policy are best met by targeting the growth rate of the money supply rather than by engaging in discretionary monetary policy.
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An Aggregate Theory for a Closed Economy. In Jerome L. Stein, e. Monetarism. New York: American Elsevier, 1976.
Monetarism’s rise to intellectual prominence began with writings on basic monetary theory by Friedman and other University of Chicago economists during the 1950s, writings that were influential because of their adherence to fundamental neoclassical principles. An Aggregate Theory for a Closed Economy.
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