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monetarist Definition

mon·etar·ist (-ist)

adjective

☆ designating, of, or in accord with monetarism

noun

an adherent of this theory

monetarist Finance Definition

An economist who watches the money supply to predict how the economy will perform. Monetarists dislike government initiatives that influence the economy. Instead, slow but steady growth in the money supply is seen as the key to growth. One of the most prominent monetarists was Milton Friedman. In contrast, Keynesian economists believe in active governmental initiatives to encourage economic activity.

monetarist Usage Examples

Adjective modifier

technical: There are a few dedicated technical monetarists who still believe that all that was necessary was to reaffirm monetary targets.

Modifies a noun

  • economist: They are often termed the ' Chicago School ' of Monetarist economists for obvious reasons.
  • economics: We would certainly not have been subjected to the explosive dogmatic surge toward monetarist economics and the misery that has brought.
  • policy: Thatcher's government continued the monetarist policies introduced by Denis Healey.
  • theory: A mind pickled in the prejudices of monetarist theory may perceive high interest rates just as a means of " licking inflation.
  • orthodoxy: So long as Argentina follows monetarist orthodoxy the effect on the poor is no concern of theirs.
  • target: So domestic policies which held to rigid monetarist targets are exposed by the liberalization of capital markets.

Noun used with modifier

post: The post monetarist path to stability requires the discipline of a long term institutional framework.