# Criterion of constancy

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- Post ID: 590376
- Modified: 2023-07-25T20:59:37+00:00
- Language: en

## Definition

Unless otherwise defined, the criterion of constancy means that the government's economic policy follows a reliable, predictable course. This is also widely regarded as a condition for a proper, planned monetary policy. The pioneering German economist Walter Eucken (1891-1960) described the constancy of economic policy as the constitutive principle of the market economy and thus also of monetary policy, and he recognized a danger to the value of money in the "excitable [jumpily] restlessness" of economic policy, which today discards what was valid yesterday. - See money confidence, inflation rate, expected, capital flight, stability policy, confidence indicator. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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