monetarist
/ˈmɑnɪtərɪst/
adjective
- Relating to the economic theory that the money supply is the most important factor in controlling inflation and economic growth.
- Many central banks have moved away from strict monetarist ideas.
- The government adopted monetarist policies to reduce inflation in the 1980s.
- His monetarist approach focused on keeping interest rates steady.
noun
- A person who believes that the money supply is the main cause of economic growth or inflation, and that controlling it is the best way to manage the economy.
- As a monetarist, she believed that printing too much money leads to high inflation.
- Monetarists often disagree with Keynesians about how to fight a recession.
- The economist was a well-known monetarist who argued for strict control of the money supply.