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A Keynesian Versus a Monetarist Perspective of Money and Monetary Policies

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  • Liparã Daniel

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

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?

Suggested Citation

  • Liparã Daniel, 2011. "A Keynesian Versus a Monetarist Perspective of Money and Monetary Policies," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 717-722, May.
    • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:717-722
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    More about this item

    Keywords

    monetary policy; money; Monetarism; Keynesism; economic growth.;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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