Governments utilize monetarism to control inflation, but appear to also utilize covert demand-dampening strategems. I give several examples.

Traditional means of controlling inflation have to be used carefully as they can have unintended consequences.  Interest rate increases negatively impact stock markets.  At the same time, inflation must be kept within target limits, three per cent or less.

Can alternatives to traditional monetarist devices be identified in modern economies?

If they exist, what impact can they be expected to have?