Viewpoint: A microfoundation of monetary economics
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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Volume (Year): 39 (2006)
Issue (Month): 3 (August)
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