An economist who believes that changes in the money supply are the most important determinants of economic activity and economic cycles.
an advocate of the theory that economic fluctuations are caused by increases or decreases in the supply of money
A macro economist who assigns a high degree of importance to variations in the quantity of money as a determinant of aggregate demand. Parenthetically, monetarists hold that money supply should not be actively adjusted for counter-cyclical purposes. Because of long and varying time-lags, the effects of such money supply manipulations would be impossible to predict accurately.
Someone, usually an economist, who subscribes to the view that the rate of change of a country's money supply is the most important factor in determining the future course of economic events.
An economist who holds the strong belief that the economy's performance is determined almost entirely by changes in the money supply.
An economist who believes that fluctuations in the money stock are the main source of economic fluctuations. The contemporary economist most closely related to monetarism is Milton Friedman.
