1. Economists or policymakers who reject or do not adhere to monetarism; those who believe that factors other than the money supply are primary in controlling inflation and economic growth.
Usage: plural form; economics/finance terminology; often used in academic or policy discussions

Examples

• Nonmonetarists argue that government spending and fiscal policy are more effective tools than controlling the money supply.
• The debate between monetarists and nonmonetarists has shaped economic policy for decades.
• Many nonmonetarists emphasize the role of aggregate demand in determining economic outcomes.
• Nonmonetarists often point to the limitations of monetary policy during severe recessions.
• The conference featured prominent nonmonetarists presenting alternative approaches to inflation control.