Gradualist Monetarist

Gradualist Monetarist

A scholar or other person who promotes the policy in which growth of the money supply is slowly reduced until it equals the economy's growth rate. Gradualist monetarists argue that this policy controls inflation without unnecessarily slowing down GDP growth. Critics question the policy's ability to control inflation.
References in periodicals archive ?
The gradualist monetarist approach differs from its new classical counterpart in supposing a longer time adjustment.
In response to an adverse demand or supply shock, the gradualist monetarist view posits an eventual return to the original level of GDP.