The Rise and Fall of Monetarism

S. Moiseev.

Voprosy Ekonomiki, 2002, vol. 9

Abstract: In the 1970s monetarism was accepted as a principle of policy of central banks. However monetary growth targets currently play no official role in the monetary policy of industrial countries. The majority of monetary authorities excluded money from their analysis. Inflation, GDP and unemployment are not determined by money supply in their models. This article provides a historical perspective on the development and apparent failure of monetarism as a policy guide.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:2002-9-6

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