nonmonetarist

nonmonetarist

(ˌnɒnˈmʌnɪtərɪst)
n
(Economics) economics a person who does not believe in the theory of monetarism
References in periodicals archive ?
As already seen, he subscribed to the long-run connection between average money growth and inflation, although some (but not all) nonmonetarist macroeconomists at the time would have agreed with this secular linkage.
Modigliani, Solow and Tobin chose not to commandeer the movement, and left it to Kareken, Wallace, Chamley, Bryant and others to draw out many of the nonmonetarist implications then waiting to be exposed." (1996, 545).
Nevertheless, Friedman did not regard activist rules that responded to inflation, nominal income, or nominal income growth as nonmonetarist. He noted that an implication of his own research was that "monetary policy is an appropriate and proper tool directed at achieving price stability or a desired rate of price change" (Friedman, 1977a, p.
Nonmonetarists often explain inflation as the result of individual price changes.
This example and many similar ones show that Krugman (2007b) is incorrect to suggest that Friedman's opposition to the Nixon wage/price controls was widely shared by nonmonetarists.