Microfoundations of Money: Why They Matter

Christopher Waller

Review, 2015, vol. 97, issue 4, 289-301

Abstract: What is the value of having microfoundations for monetary exchange in a macro model? In this article, the author attempts to answer this question by listing what he considers the major accomplishments of the field. He argues that the evidence overwhelmingly shows that microfoundations matter for many questions of first-order importance in macroeconomics.

JEL-codes: E41 E47 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:00048

DOI: 10.20955/r.2015.289-301

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