A Keynesian Versus a Monetarist Perspective of Money and Monetary Policies

Liparã Daniel ()
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Liparã Daniel: „Alexandru Ioan Cuza” University of Iaºi, Doctoral School of Economics

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 2, 717-722

Abstract: This paper aims to show the different approaches of monetary policies from a Keynesian and a Monetarist perspective. We will present a critical view about money and monetary theories by comparing two of the most important and influential schools of economic thinking: Keynesian paradigm and Monetarism. The later appeared as a reaction of the former, in a moment in which the existing solutions could not solve the negative phenomena the economy was confronted with. A change was necessary. But for how long Monetarism succeeded to be a solution for the economy? And what school considered money as having an active role for economic growth?

Keywords: monetary policy; money; Monetarism; Keynesism; economic growth. (search for similar items in EconPapers)
JEL-codes: E12 E41 E52 O47 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xi:y:2011:i:9:p:717-722

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