Monetaristische

Monetaristische is a German term referring to Monetarism, a school of thought in macroeconomics that emphasizes the role of governments in controlling the amount of money in circulation. Monetarists believe that the money supply is the primary determinant of nominal GDP and that fluctuations in the money supply are the main cause of economic instability. They advocate for a stable and predictable growth rate of the money supply, arguing that this approach is the most effective way to control inflation and achieve sustainable economic growth.

Key figures associated with Monetarism include Milton Friedman and Anna Schwartz. Friedman, in particular, argued that inflation is always and everywhere a monetary phenomenon, meaning it is caused by an excessive increase in the money supply relative to the growth of output. Monetarists generally favor a limited role for government intervention in the economy, preferring market-based solutions and free trade. They are often critical of discretionary fiscal policy, believing it to be less effective and potentially destabilizing compared to monetary policy. The focus on controlling inflation through monetary policy has influenced central banking practices in many countries, particularly in the latter half of the 20th century.