Milton Friedman y el monetarismo en la teoría y en la práctica

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El pensamiento monetarista se fue formando a partir de los años 1950, de la mano de Milton Friedman, Karl Brunner, Allan Meltzer y otros conocidos economistas; alcanzó su mayor esplendor en los años 1970, cuando se enfrentó con el keynesianismo como explicación de las fluctuaciones económicas y la inflación, ejerciendo una notable influencia en el diseño y la aplicación de la política monetaria. Las circunstancias económicas de los años 1980 le hicieron perder relevancia, pero el monetarismo sigue vigente en la actualidad, a través de numerosas ideas que están recogidas en los modelos macroeconómicos y en el trabajo de los bancos centrales, y que la crisis financiera reciente y la Gran Recesión no han hecho sino acrecentar.
The monetarist thought was formed from the years 1950, by the hand of Milton Friedman, Karl Brunner, Allan Meltzer and other well-known economists; it reached its greatest splendor in the 1970s, when faced with Keynesianism as an explanation of economic fluctuations and inflation, exerting a notable influence in the design and application of monetary policy. The economic developments of the 1980s made him lose relevance, but monetarism is still in force today, through numerous ideas that are reflected in the macroeconomic models as well as in the work of central banks, and that the recent financial crisis and Great Recession have only increased.
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