Viewpoint: A microfoundation of monetary economics

Shouyong Shi

Canadian Journal of Economics/Revue canadienne d'économique, 2006, vol. 39, issue 3, 643-688

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. Dans cette présentation, l'auteur explique ce que sont les microfondations de la monnaie, et pourquoi elles sont nécessaires à l'économie monétaire. Ensuite, il passe en revue certains développements récents d'une microfondation particulière de la monnaie connue sous le nom de ≪théorie de la recherche≫ de la monnaie. Enfin, l'auteur fait le tour d'un ensemble de problèmes qui restent sans solution pour le moment.

Date: 2006
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Citations: View citations in EconPapers (42)

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https://doi.org/10.1111/j.1540-5982.2006.00364.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:canjec:v:39:y:2006:i:3:p:643-688

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