# Monetarism |  | **Monetarism** is a school of thought in monetary economics that emphasizes the role of policy-makers in controlling the amount of money in circulation. It gained prominence in the 1970s, but was mostly abandoned as a direct guidance to monetary policy during the following decade because of the rise of inflation targeting through movements of the official interest rate. | |-|-| | | wikipedia:: [Monetarism](https://en.wikipedia.org/wiki/Monetarism) |