A Microfoundation of Monetary Economics

Shouyong Shi

Working Papers from University of Toronto, Department of Economics

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.

Keywords: Money; Search; Microfoundation. (search for similar items in EconPapers)
JEL-codes: E31 E40 E50 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2006-03-07
New Economics Papers: this item is included in nep-cba, nep-dge, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (43)

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Persistent link: https://EconPapers.repec.org/RePEc:tor:tecipa:tecipa-211

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