What does monetarism mean?
An economic theory that emphasizes the role of the money supply in determining economic activity, and that advocates for monetary policy as a means of controlling inflation and promoting economic growth.
Example
"The central bank's decision to raise interest rates was based on monetarist principles, aimed at curbing inflation and stabilizing the economy."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.