Market monetarism is a school of macroeconomics that advocates that central banks use a nominal GDP level target instead of inflation, unemployment, or other measures of economic activity, with the goal of mitigating demand shocks such those experienced in the 2007–2008 financial crisis and during the post-pandemic inflation surge.[1] [2] Market monetarists criticize the fallacy that low interest rates always correspond to easy money. [3] Market monetarists are sceptical about fiscal stimulus, noting that it is usually offset by monetary policy. [4]