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A Microfoundation of Monetary Economics

Listed author(s):
  • Shouyong Shi

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: https://www.economics.utoronto.ca/public/workingPapers/tecipa-211-1.pdf
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Paper provided by University of Toronto, Department of Economics in its series Working Papers with number tecipa-211.

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Length: 47 pages
Date of creation: 07 Mar 2006
Handle: RePEc:tor:tecipa:tecipa-211
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