monetarism

noun

mon·​e·​tar·​ism ˈmä-nə-tə-ˌri-zəm How to pronounce monetarism (audio)
 also  ˈmə-
: a theory in economics that stable economic growth can be assured only by control of the rate of increase of the money supply to match the capacity for growth of real productivity
monetarist
ˈmä-nə-tə-rist How to pronounce monetarism (audio)
 also  ˈmə-
noun or adjective

Examples of monetarism in a Sentence

Recent Examples on the Web This emerging school of thought would be called monetarism. Krithika Varagur, The New Yorker, 12 Jan. 2024 The professor is a proponent of monetarism, an economic theory that holds that changes in the money supply are the main driver of inflation. Bywill Daniel, Fortune, 13 July 2023 The Great Depression set the stage for a shift away from strict monetarism and laissez-faire policies toward Keynesian demand management. Nancy Birdsall, Foreign Affairs, 16 Feb. 2011 Hanke is a leading champion of monetarism, a field holding that changes in the money supply are the top force determining the rate of inflation and expansion or contraction in GDP. Shawn Tully, Fortune, 30 May 2023 Today, monetarism’s quantity theory of money is out of vogue, to put it mildly. Shawn Tully, Fortune, 8 Oct. 2022 And, although little noticed, monetarism in academia was being knocked off its pedestal because empirical studies were showing that monetary policy wasn’t all-important. Martin Sullivan, Forbes, 11 Oct. 2022 Where the Fed went wrong on inflation, according to Hanke Put simply, monetarism holds that a huge surge in the money supply will eventually trigger a surge in inflation. Shawn Tully, Fortune, 5 Oct. 2022 The long denial of the importance of productive growth was in part owing to the rise of monetarism, a theory that emphasizes the money side of the equation. French Hill and Amity Shlaes, WSJ, 29 July 2022 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'monetarism.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1963, in the meaning defined above

Time Traveler
The first known use of monetarism was in 1963

Dictionary Entries Near monetarism

Cite this Entry

“Monetarism.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/monetarism. Accessed 28 Feb. 2024.

More from Merriam-Webster on monetarism

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!