The welfare cost of anticipated inflation is quantified in a matching model of money calibrated to 23 different OECD countries for several sample periods. In most economies, in the common period 1978–1998, a representative agent would give up only a fraction of 1% of consumption to avoid 10%...

I use the monetary version of the neoclassical growth model developed by Aruoba, Waller, and Wright [<italic>Journal of Monetary Economics</italic> (2011)] to study the properties of the model when there is exogenous growth. I first consider the planner's problem, and then the equilibrium outcome in a monetary...

We motivate and provide an overview to New Monetarist Economics. We then briefly describe the individual contributions to the <italic>Macroeconomics Dynamics</italic> special issues on money, credit, and liquidity.