monetarist
mo nuh tuh rist
- n an advocate of the theory that economic fluctuations are caused by increases or decreases in the supply of money
- Says Harvard's Feldstein: "All mainstream practitioners are more monetarist, more supply-side oriented, and less Keynesian today than they used to be.
- An economist largely influenced by the monetarist school, which holds that the Government should try to affect the nation's economic well-being by regulating the supply of money .
- This analysis was so powerful that it revitalized the monetarist school of economic thought: that the supply of money greatly affects not only prices but economic output.