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Viewpoint: A microfoundation of monetary economics

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Author Info
Shouyong Shi

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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.

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File URL: http://economics.ca/cgi/xms?jab=v39n3/CJEv39n3p0643.pdf
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Publisher Info
Article provided by Canadian Economics Association in its journal Canadian Journal of Economics.

Volume (Year): 39 (2006)
Issue (Month): 3 (August)
Pages: 643-688
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Handle: RePEc:cje:issued:v:39:y:2006:i:3:p:643-688

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Postal: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office C.P. 35006, 1221 Fleury Est Montréal, Québec, Canada H2C 3K4
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Related research
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Find related papers by JEL classification:
E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Vincent Bignon, 2009. "Cigarette Money and Black Market Prices around the 1948 German Miracle," EconomiX Working Papers 2009-2, University of Paris West - Nanterre la Défense, EconomiX. [Downloadable!]
  2. Fernando Martin, . "On the Joint Determination of Policy and Monetary Policy," Discussion Papers dp09-01, Department of Economics, Simon Fraser University. [Downloadable!]
  3. Mark Pingle & Sankar Mukhopadhyay, 2008. "Private Money as a Competing Medium of Exchange," Working Papers 08-004, University of Nevada, Reno, Department of Economics & University of Nevada, Reno , Department of Resource Economics. [Downloadable!]
  4. Nicola Amendola, 2008. "A "Double Coincidence" Search Model of Money," CEIS Research Paper 126, Tor Vergata University, CEIS, revised 18 Jul 2008. [Downloadable!]
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This page was last updated on 2009-12-21.


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