英语语法分析

Monetarism failed the operational test in the early 1980s.

货币主义在二十世纪八十年代早期的试运行中失败了。

Whereas monetarism buckled as a policy, inflation targeting has proved far more effective.

反之当货币主义不再作为政策而存在时，通货膨胀目标被证明是比其更加有效的。

But the role of the money supply in creating inflation is less obvious than monetarism suggests.

但是货币供给对通胀的影响并不像货币主义者认为的那样。