Viewpoint: A microfoundation of monetary economics
Author: Shi, Shouyong
Source: Canadian Journal of Economics, Volume 39, Number 3, August/août 2006 , pp. 643-688(46)
Abstract:Abstract. 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.
Document Type: Research article
Publication date: 2006-08-01