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monetaristenUK
mon·e·ta·rism M0383800 (mŏn′ĭ-tə-rĭz′əm, mŭn′-)n.1. A theory holding that economic variations within a given system, such as changing rates of inflation, are most often caused by increases or decreases in the money supply.2. A policy that seeks to regulate an economy by altering the domestic money supply, especially by increasing it in a moderate but steady manner.
mon′e·ta·rist adj. & n.Thesaurus| Noun | 1. |  monetarist - an advocate of the theory that economic fluctuations are caused by increases or decreases in the supply of moneybimetallist - an advocate of bimetallismeconomic expert, economist - an expert in the science of economics |
TranslationsEncyclopediaSeemonetarismMonetaristenUK
MonetaristAn economist who believes that changes in the money supply are the most important determinants of economic activity and economic cycles. See: MonetarismMonetaristAn economist who believes that inflation results directly and exclusively from the expansion of a country's money supply. That is, if a government prints money, inflation will result. Monetarists believe that a government ought to set target interest rates to encourage or slow growth in the supply. For example, when an economy is growing rapidly, monetarists recommend raising interest rates. On the other hand, they recommend lowering interest rates in a recession. In general, however, monetarists recommend that a government maintain a relatively steady money supply, with an allowance for growth to keep up with GDP expansion. Many monetarist beliefs, notably the one regarding interest rates, are still commonly held, though many economists believe the relationship between money supply and inflation is more complex than monetarism theorizes. Milton Friedman is considered the father of modern monetarism.monetarist A proponent, usually an economist, of monetarism. Milton Friedman is probably America's best-known monetarist.monetaristenUK
Related to monetarist: Keynesian, Monetarist TheoryWords related to monetaristnoun an advocate of the theory that economic fluctuations are caused by increases or decreases in the supply of moneyRelated Words- bimetallist
- economic expert
- economist
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