Monetary discipline is a phrase used by some economists when speaking of monetary policy, generally meaning limiting the money supply of an economy in some way.^[1][2][3]

One definition of monetary discipline is a central bank matching the money supply to the level of production or reserves in an economy.^[4] This definition holds that money printing should have a relationship to a particular economic equation, rather than being influenced by politics.^[4]

Another definition is constraining the money supply, limiting inflation, and growing an economy by increasing the velocity of money.^[5]

Another way of achieving monetary discipline is by keeping a pegged exchange rate, thereby matching a money supply to a foreign currency.^[6]