Monetarist definition

Designating, of, or in accordance with monetarism.

An adherent of this theory.

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.