Viewpoint: A microfoundation of monetary economics

In this lecture, I explain what the microfoundations of money are about and why they are necessary for monetary economics. Then, I review recent developments of a particular microfoundation of money, commonly known as the search theory of money. Finally, I outline some unresolved issues.

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Year of publication:	2006
Authors:	Shi, Shouyong
Published in:	Canadian Journal of Economics. - Canadian Economics Association - CEA. - Vol. 39.2006, 3, p. 643-688
Publisher:	Canadian Economics Association - CEA

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Extent:	application/pdf
Type of publication:	Article
Notes:	Published
Classification:	E40 - Money and Interest Rates. General ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005467133