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The Importance of Monetarist Theory and Policy in Economic Regulation

Year: 2024

Type: conference-paper

Abstract: Monetarism, as a school of thought in economics, emphasizes the central role of money supply in influencing economic activity, inflation, and overall economic performance. It was popularized by economist Milton Friedman in the mid-20th century and provided a counterpoint to Keynesian economics, which advocated for active fiscal intervention. Monetarist theory stresses the importance of controlling the money supply as the primary method for regulating inflation, stabilizing the economy, and achieving sustainable growth. This paper explores the key principles of monetarist theory, its policy implications, and the relevance of monetarism in modern economic regulation.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.14506469

Author: Abdullaeva, Rita Rafaelevna

Institution: Jizzakh branch of the National University of Uzbekistan named after Mirzo Ulugbek

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W6949468526

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