1、Whereas monetarism buckled as a policy, inflation targeting has proved far more effective.
反之當貨幣主義不再作為政策而存在時，通貨膨脹目標被證明是比其更加有效的。

2、Monetarism failed the operational test in the early 1980s.
貨幣主義在二十世紀八十年代早期的試運行中失敗了。

3、But the role of the money supply in creating inflation is less obvious than monetarism suggests.
但是貨幣供給對通脹的影響并不像貨幣主義者認為的那樣。

monetarism翻譯