I just found this:
Dictionary of Regulatory Terms
Dictionary of Political Economy. I was looking for a dictionary definition of monetary policy. I found that, and a couple other definitions that I thought were really interesting:
Monetary Policy - Central government policy with respect to the quantity of money in the economy, the rate of interest and the exchange rate. The importance of monetary policy is much disputed - monetarism as a doctrine holds that is the determinant of aggregate demand, in the short run. Keynes on the other hand held that Fiscal Policy is important, and that monetary policy matters only in as far as it affects fiscal variables, like the public-sector borrowing requirements. (Bannock et al., 1992, 290).
Keynesianism - The branch of economic theory, and the doctrines, associated with Keynes. In general, Keynesian economics tends to support the following propositions:
(a) aggregate demand plays a decisive role in determining the level of real output
(b) Economies can settle at position with high unemployment and exhibit no natural tendency for unemployment to fall
(c) Governments, primarily through fiscal policy, can influence aggregate demand to cut unemployment (Bannock et al., 1992, 243).
Monetarism - the name applied to a theory of macroeconomics which holds that increase in the money supply are necessary and sufficient conditions for inflation. Several strands of though underlie this doctrine and distinguish it from its main theoretical antagonist, Keynesian economics. Two main beliefs dominant the monetarist doctrine:
(a) The first is that changes in the money supply have a substantial effect on aggregate demand.
(b) The second tenet of monetarism is that any change in aggregate demand the government succeeds in bringing about will manifest itself in the long run in higher prices and not higher output.
Monetarism advocates supply-side economics; and denies a role for stabilization policy. Instead, greatest stability can be achieved by adhering to a rule for money-supply growth in line with the growth of real output (Bannock et al., 1992, 289-90).
This one really hit home for me:
Moral Hazard - The presence of incentives for individuals to act in ways that incur costs that they do not have to bear. A typical case is that of insurance, because once someone has insured their house against burglary they do not have the incentive to be careful to protect their property (Bannock et al., 1992, 295).
