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Viewpoint: A microfoundation of monetary economics

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  • Shouyong Shi

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.

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  • Shouyong Shi, 2006. "Viewpoint: A microfoundation of monetary economics," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 39(3), pages 643-688, August.
    • Handle: RePEc:wly:canjec:v:39:y:2006:i:3:p:643-688
    DOI: 10.1111/j.1540-5982.2006.00364.x
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    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

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